<SEC-DOCUMENT>0001398344-15-004031.txt : 20150626
<SEC-HEADER>0001398344-15-004031.hdr.sgml : 20150626
<ACCEPTANCE-DATETIME>20150625175729
ACCESSION NUMBER:		0001398344-15-004031
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		24
CONFORMED PERIOD OF REPORT:	20150331
FILED AS OF DATE:		20150626
DATE AS OF CHANGE:		20150625

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEXCO ENERGY CORP
		CENTRAL INDEX KEY:			0000066418
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				840627918
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31785
		FILM NUMBER:		15952673

	BUSINESS ADDRESS:	
		STREET 1:		214 W TEXAS AVENUE
		STREET 2:		SUITE 1101
		CITY:			MIDLAND
		STATE:			TX
		ZIP:			79701
		BUSINESS PHONE:		9156821119

	MAIL ADDRESS:	
		STREET 1:		214 W TEXAS AVENUE
		STREET 2:		SUITE 1101
		CITY:			MIDLAND
		STATE:			TX
		ZIP:			79701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MILLER OIL CO
		DATE OF NAME CHANGE:	19800702
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>fp0014808_10k.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 18pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: normal; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 18pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">UNITED STATES</div>

<div style="FONT-SIZE: 18pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Washington, D.C. 20549</div>

<div style="FONT-SIZE: 11pt; FONT-WEIGHT: normal; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 18pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">FORM 10-K</div>

<div style="FONT-SIZE: 11pt; FONT-WEIGHT: normal; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="03a0397739294a609984031c6ebff054" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">[X]</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; FONT-WEIGHT: normal; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">For the fiscal year ended March 31, 2015</div>

<div style="FONT-SIZE: 11pt; FONT-WEIGHT: normal; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="ab91b85eeef7493aa07aaf151ade1e11" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; align: right">[ ]</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; FONT-WEIGHT: normal; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Commission File No. 0-6694</div>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 18pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(Exact name of registrant as specified in its charter)</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="59ec846fa3f94c42985091d6ce63f6d7" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Colorado</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">84-0627918</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(State or other jurisdiction of</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(I.R.S. Employer</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">incorporation or organization)</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Identification No.)</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="ae32fa434dae40fcb999fa214ad27a82" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">214 W. Texas Avenue, Suite 1101</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">79701</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Midland, Texas</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(Zip Code)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(Address of principal executive offices)</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Registrant's telephone number, including area code: <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">(432) 682-1119</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Securities registered pursuant to Section 12(b) of the Act: <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">None</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Securities registered pursuant to Section 12(g) of the Act: <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Common Stock, $0.50 par value per share</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [ ] No [X]</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes [ ] No [X]</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Indicate by check-mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past ninety (90) days. Yes [X] No [ ]</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule&#160;405 of Regulation&#160;S-T (&#167; 229.405 of this chapter) during the preceding 12&#160;months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ]</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (&#167;229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center">&#160;</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of "large accelerated filer", "accelerated filer" and "smaller reporting company" in Rule&#160;12b-2 of the Exchange Act:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Large Accelerated Filer [ ]&#160; Accelerated Filer [ ]&#160; Non-Accelerated Filer [ ]&#160; Smaller Reporting Company [X]</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The aggregate market value of the voting stock held by non-affiliates of the Registrant as of September 30, 2014 (the last business day of the Registrant&#8217;s most recently completed second quarter) was $6,294,450 based on Mexco Energy Corporation&#8217;s closing common stock price of $6.92 per share on that date as reported by the NYSE MKT.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">There were 2,037,266 shares of the registrant&#8217;s common stock outstanding as of June 23, 2015.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">DOCUMENTS INCORPORATED BY REFERENCE</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Portions of the Registrant&#8217;s Proxy Statement relating to the 2015 Annual Meeting of Shareholders to be held on September 15, 2015, have been incorporated by reference in Part III of this Form 10-K. Such Proxy Statement will be filed with the Commission not later than 120 days after March 31, 2015, the end of the fiscal year covered by this report.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">2</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">TABLE OF CONTENTS</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="a75192c1133449d5912f0b1139c77552" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">PART I</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 1.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Business</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 1A.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Risk Factors</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">13</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 1B.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Unresolved Staff Comments</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">20</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 2.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Properties</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">20</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 3.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Legal Proceedings</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">24</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 4.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Mine Safety Disclosures</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">24</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">PART II</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Item 5.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Market for the Registrant&#8217;s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">25</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 6.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Selected Consolidated Financial Data</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">26</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 7.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">26</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 7A.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Quantitative and Qualitative Disclosures About Market Risk</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">32</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 8.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Financial Statements and Supplementary Data</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">34</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 9.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Changes in and Disagreements with Accountants on Accounting and Financial Disclosures</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">34</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 9A.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Controls and Procedures</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">34</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 9B.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Other Information</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">34</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">PART III</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 10.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Directors, Executive Officers and Corporate Governance</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">35</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 11.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Executive Compensation</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">35</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 12.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">35</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 13.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Certain Relationships and Related Transactions, and Director Independence</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">35</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 14.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Principal Accounting Fees and Services</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">35</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">PART IV</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Item 15.</div>
</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Exhibits and Financial Statement Schedules</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">35</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Signatures</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">36</div>
</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 80%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Glossary of Abbreviations and Terms</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">37</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">3</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">As used in this document, &#8220;the Company&#8221;, &#8220;Mexco&#8221;, &#8220;we&#8221;, &#8220;us&#8221; and &#8220;our&#8221; refer to Mexco Energy Corporation and its consolidated subsidiaries.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Abbreviations or definitions of certain terms commonly used in the oil and gas industry and in this Form 10-K can be found in the &#8220;Glossary of Abbreviations and Terms&#8221;.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15"><u>PART I</u></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section&#160;27A of the Securities Act of 1933, as amended, (the &#8220;Securities Act&#8221;) and Section&#160;21E of the Securities Exchange Act of 1934, as amended, (the &#8220;Exchange Act&#8221;). These forward-looking statements are generally located in the material set forth under the headings &#8220;Risk Factors&#8221;, &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations&#8221;, &#8220;Business&#8221;, &#8220;Properties&#8221; but may be found in other locations as well, and are typically identified by the words &#8220;could&#8221;, &#8220;should&#8221;, &#8220;expect&#8221;, &#8220;project&#8221;, &#8220;estimate&#8221;, &#8220;believe&#8221;, &#8220;anticipate&#8221;, &#8220;intend&#8221;, &#8220;budget&#8221;, &#8220;plan&#8221;, &#8220;forecast&#8221;, &#8220;predict&#8221; and other similar expressions.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Forward-looking statements generally relate to our profitability; planned capital expenditures; estimates of oil and gas production; future project dates; estimates of future oil and gas prices; estimates of oil and gas reserves; our future financial condition or results of operations; and our business strategy and other plans and objectives for future operations and are based upon our management&#8217;s reasonable estimates of future results or trends. Actual results in future periods may differ materially from those expressed or implied by such forward-looking statements because of a number of risks and uncertainties affecting our business, including those discussed in &#8220;Risk Factors&#8221;. The factors that may affect our expectations regarding our operations include, among others, the following: our success in development, exploitation and exploration activities; our ability to make planned capital expenditures; declines in our production or prices of oil and gas; our ability to raise equity capital or incur additional indebtedness; our restrictive debt covenants; our acquisition and divestiture activities; weather conditions and events; the proximity, capacity, cost and availability of pipelines and other transportation facilities; increases in the cost of drilling, completion and gas gathering or other costs of production and operations; and other factors discussed elsewhere in this document.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We disclaim any intention or obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 1. BUSINESS</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">General</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Mexco Energy Corporation, a Colorado corporation, is an independent oil and gas company engaged in the exploration, development and production of natural gas and crude oil properties located in the United States. Incorporated in April 1972 under the name Miller Oil Company, the Company changed its name to Mexco Energy Corporation effective April 30, 1980. At that time, the shareholders of the Company also approved amendments to the Articles of Incorporation resulting in a one-for-fifty reverse stock split of the Company's common stock.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our total estimated proved reserves at March 31, 2015 were approximately 6.289 billion cubic feet (&#8220;Bcf&#8221;) of natural gas and 659,700 barrels (&#8220;bbls&#8221;) of oil and natural gas liquids, and our estimated present value of proved reserves was approximately $24 million based on estimated future net revenues excluding taxes discounted at 10% per annum, pricing and other assumptions set forth in &#8220;Item 2 &#8211; Properties&#8221; below. During fiscal 2015, we added proved reserves of 1,679,000 thousand cubic feet equivalent (&#8220;Mcfe&#8221;) through extensions and discoveries, added 1,053,000 Mcfe through acquisitions and had downward revisions of previous estimates of 1,205,000 Mcfe. Such revisions are primarily as a result of Security Exchange Commission (&#8220;SEC&#8221;) rules which require such reserves to be developed within five years.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Nicholas C. Taylor beneficially owns approximately 44% of the outstanding shares of our common stock. Mr. Taylor is also our Chairman of the Board and Chief Executive Officer. As a result, Mr. Taylor has significant influence in matters voted on by our shareholders, including the election of our Board members. Mr. Taylor participates in all facets of our business and has a significant impact on both our business strategy and daily operations.</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">4</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Company Profile</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Since our inception, we have been engaged in acquiring and developing oil and gas properties and the exploration for and production of natural gas, crude oil, condensate and natural gas liquids (&#8220;NGLs&#8221;) within the United States. We especially seek to acquire proved reserves that fit well with existing operations or in areas where Mexco has established production. Acquisitions preferably will contain most of their value in producing wells, behind pipe reserves and high quality proved undeveloped locations. Competition for the purchase of proved reserves is intense. Sellers often utilize a bid process to sell properties. This process usually intensifies the competition and makes it extremely difficult to acquire reserves without assuming significant price and production risks. We actively search for opportunities to acquire proved oil and gas properties. However, because the competition is intense, we cannot give any assurance that we will be successful in our efforts during fiscal 2016.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">While we own oil and gas properties in other states, the majority of our activities are centered in West Texas. We acquire interests in producing and non-producing oil and gas leases from landowners and leaseholders in areas considered favorable for oil and gas exploration, development and production. In addition, we may acquire oil and gas interests by joining in oil and gas drilling prospects generated by third parties. We may also employ a combination of the above methods of obtaining producing acreage and prospects. In recent years, we have placed primary emphasis on the evaluation and purchase of producing oil and gas properties, both working and royalty interests, and prospects that could have a potentially meaningful impact on our reserves.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">From 1983 to 2015, Mexco Energy Corporation made approximately 80 acquisitions of producing oil &amp; gas properties including royalties, overriding royalties, minerals and working interests both operated and non-operated plus the following most significant and recent acquisitions:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="47b8f803201c4ad9a65baf4117064e54" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 63pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">1993-2010</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Tabbs Bay Oil Company and Thompson Brothers Lumber Company, respectively dissolved in 1957 and 1947. Purchase covering thousands of acres located respectively in 19 counties of Texas, 3 parishes of Louisiana and one county in Arkansas and 8 counties of Texas, respectively consisting of various mineral, royalty and overriding royalty interests.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="f79d4610cd90498a9c40447e1f7bfb63" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">1997</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Forman Energy Corporation, purchase price of $1,591,000 consisting of primarily working interests in approximately 634 wells located in 12 states.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="0d91cf0879ef471bb9d1ff95981a90f3" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">2010</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Southwest Texas Disposal Corporation, purchase price $478,000 consisting of royalty interests in over 300 wells located in 60 counties and parishes of 6 states.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="74156590587b4d8ab34d1b302b1ffb71" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">2012</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">TBO Oil and Gas, LLC, purchase price of $1,150,000 consisting of working interests in approximately 280 wells located in 16 counties of 3 states.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="476178a4e6a1475987b8e017af70fea9" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Royalty interests, purchase price of $200,000 covering 43 wells in 12 counties of eight states. Of these oil and gas reserves, approximately 54% are in TX and 10% in LA.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">Royalty interests, purchase price $580,000 covering 580 wells in 87 counties of eight states. Approximately 90% of the net revenue from these royalties is produced by 157 wells located in the Barnett Shale of the Fort Worth Basin of Texas. Also included are interests in 423 wells in 8 states.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">Non-Operated working interests, purchase price $525,000 for 12.5% (approximately 10% net revenue interest). Eight wells now producing oil on 20-acre spacing at approximately 3,600 foot depth on the 190 acres in Pecos County, TX. The operator has agreed to pay all operating expenses of these interests. Mexco also receives 100% of the gross disposal fees paid by an adjacent operator for one disposal well located on these properties</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">Royalty and mineral interests, purchase price $1,000,000 covering approximately 1,800 wells in 27 counties of Texas. Of these oil and gas reserves, approximately 80% is natural gas and 20% oil.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">Non-Operated working interests, purchase price $840,000 in 70 Natural gas producing wells located in 5 counties of Oklahoma.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">5</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Oil and Gas Operations</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">As of March 31, 2015, natural gas constituted approximately 61% of our total proved reserves and approximately 38% of our revenues for fiscal 2015. Revenues from oil and gas royalty interests accounted for approximately 26% of our revenues for fiscal 2015.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Mexco believes there is potential for horizontal drilling, multi-stage fracturing and production of oil and gas in a substantial number of properties containing approximately 1,150 wells in which Mexco holds an interest. These wells are located in the core area of the horizontal Wolfcamp multi-zone formation in Reagan, Upton, Midland, Martin, Glasscock and Andrews Counties in the Midland Basin of West Texas. Such interests vary from .125% to 7.68% working interest (.094% to 6.24% net revenue interest).</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">For example, we are in the process of investing approximately $650,000 for a 2.3% working interest in 5 wells located in Reagan County, Texas. The first 3 of these wells are now producing and the remaining 2 wells have been drilled and are currently being completed. These wells are each undergoing a 50 stage zipper fracture treatment through horizontals of approximately 7,000 feet per well at a vertical depth of approximately 8,000 feet.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">In addition to these working interests, we also own various mineral and royalty interests in and around these core counties in the Midland Basin, a part of the Permian Basin of West Texas.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">For more on these and other operations in this area see &#8220;Item 7. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations &#8211; Liquidity and Capital Resources Commitments&#8221;.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Newark East (Barnett Shale) Gas Field properties, encompassing 20,992 gross acres, 72 net acres, 279 gross producing wells and 1 net well in Denton, Johnson, Tarrant and Wise Counties, Texas, account for approximately 4% of our discounted future net cash flows from proved reserves as of March 31, 2015. For fiscal 2015, this field, consisting of royalty interests, accounted for 7% of our gross revenues, 9% of our net revenues.</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">El Cinco Gas Field properties, encompassing 1,166 gross acres, 886 net acres, 8 gross producing wells and 8 net wells in Pecos County, Texas, account for approximately 15% of our discounted future net cash flows from proved reserves as of March 31, 2015. This is a multi-pay area where most of the leases have potential reserves in two zones. Of these discounted future net cash flows from proved reserves, approximately 6% are attributable to proven undeveloped reserves which will be developed through re-entry of existing wells. For fiscal 2015, these properties accounted for 11% of our gross revenues and 8% of our net revenues.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Gomez Gas Field properties, encompassing 13,058 gross acres, 72 net acres, 26 gross wells and .13 net wells in Pecos County, Texas, account for approximately 3% of our discounted future net cash flows from proved reserves as of March 31, 2015. For fiscal 2015, these properties accounted for 4% of our gross revenues and 5% of our net revenues. All of these properties, except for one, are royalty interests. There is a potential for development of the horizontal Wolfcamp on these interests.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The Goldsmith North Field (San Andres formation) long-lived oil producing properties, encompassing 240 gross acres, 153 net acres, 5 gross wells and 3.5 net wells in Ector County, Texas, account for approximately 19% of our discounted future net cash flows from proved reserves as of March 31, 2015. Of these discounted future net cash flows from proved reserves, approximately 16% are attributable to proven undeveloped reserves which will be developed through new drilling of 6 wells. For fiscal 2015, these properties consist of working interests and accounted for 4% of our gross revenues and 3% of our net revenues.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The Haynesville area natural gas properties, encompassing 9,615 gross acres, 14 net acres, 15 gross producing wells and .02 net wells in DeSoto Parish, Louisiana, account for approximately 3% of our discounted future net cash flows from proved reserves as of March 31, 2015. Of these discounted future net cash flows from proved reserves, approximately 2% are attributable to proven undeveloped reserves. For fiscal 2015, these properties, consisting of royalty interests, accounted for 1% of our gross and net revenues. This acreage contains an additional 56 potential drill sites.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">6</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">On August 13, 2013, Mexco assigned Pioneer Natural Resources Company a three year term leasehold interest in 417.33 net acres (837.33 gross acres) of undeveloped acreage located above and below the Pembrook Unit of Upton County, Texas and retained a 1% royalty. Mexco now owns approximately 320 net acres (640 gross acres) in this area which is held by production from wells in the Pembrook Unit. This acreage has the potential for development in the horizontal Wolfcamp formation centered in the southern Midland Basin.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We own interests in and operate 15 producing wells and 1 water injection well. We own partial interests in an additional 6,006 producing wells all of which are located within the United States in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia and North Dakota. Additional information concerning these properties and our oil and gas reserves is provided below.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The following table indicates our oil and gas production in each of the last five years:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="ddcc1757d1e246d89c9a3d0d976feb32" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 50%" cellspacing="0" cellpadding="2" align="center" border="0">
<tr style="HEIGHT: 20px">
<td style="WIDTH: 33%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Year</div>
</td>
<td style="WIDTH: 34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Oil(Bbls)</div>
</td>
<td style="WIDTH: 33%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Gas (Mcf)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="WIDTH: 34%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">29,557</div>
</td>
<td style="WIDTH: 33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">369,034</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="WIDTH: 34%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">27,186</div>
</td>
<td style="WIDTH: 33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">361,652</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="WIDTH: 34%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">23,260</div>
</td>
<td style="WIDTH: 33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">401,077</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">2012</div>
</td>
<td style="WIDTH: 34%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">19,442</div>
</td>
<td style="WIDTH: 33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">395,649</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">2011</div>
</td>
<td style="WIDTH: 34%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">17,040</div>
</td>
<td style="WIDTH: 33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">459,446</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Competition and Markets</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The oil and gas industry is a highly competitive business. Competition for oil and gas reserve acquisitions is significant. We may compete with major oil and gas companies, other independent oil and gas companies and individual producers and operators, some of which have financial and personnel resources substantially in excess of those available to us. As a result, we may be placed at a competitive disadvantage. Competitive factors include price, contract terms and types and quality of service, including pipeline distribution. The price for oil and gas is widely followed and is generally subject to worldwide market factors. Our ability to acquire and develop additional properties in the future will depend upon our ability to conduct operations, to evaluate and select suitable properties and to consummate transactions in this highly competitive environment in a timely manner.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">In addition, the oil and gas industry as a whole also competes with other industries in supplying the energy and fuel requirements of industrial, commercial and individual consumers. The price and availability of alternative energy sources could adversely affect our revenue.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Market factors affect the quantities of oil and natural gas production and the price we can obtain for the production from our oil and natural gas properties. Such factors include: the extent of domestic production; the level of imports of foreign oil and natural gas; the general level of market demand on a regional, national and worldwide basis; domestic and foreign economic conditions that determine levels of industrial production; political events in foreign oil-producing regions; and variations in governmental regulations including environmental, energy conservation and tax laws or the imposition of new regulatory requirements upon the oil and natural gas industry.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The market for our oil, gas and natural gas liquids production depends on factors beyond our control including: domestic and foreign political conditions; the overall level of supply of and demand for oil, gas and natural gas liquids; the price of imports of oil and gas; weather conditions; the price and availability of alternative fuels; the proximity and capacity of gas pipelines and other transportation facilities; and overall economic conditions.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Major Customers</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We made sales to the following companies that amounted to 10% or more of revenues for the year ended March 31:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="63d243c685924eab897b516eebe8cc73" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Holly Frontier Refining &amp; Marketing LLC</div>
</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">17%</div>
</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">22%</div>
</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">26%</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">7</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Because a ready market exists for oil and gas production, we do not believe the loss of any individual customer would have a material adverse effect on our financial position or results of operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Regulation</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our exploration, development, production and marketing operations are subject to various types of extensive rules and regulations by federal, state and local authorities. Numerous federal, state and local departments and agencies have issued rules and regulations binding on the oil and gas industry, some of which carry substantial penalties for noncompliance. State statutes and regulations require permits and bonds for drilling operations and reports concerning operations. Most states and some counties and municipalities in which we operate regulate the location of wells; the method of drilling and casing wells; the rates of production or "allowables"; the surface use and restoration of properties upon which wells are drilled; the plugging and abandoning of wells; and notice to, and consultation with, surface owners and other third parties. The regulatory burden on the oil and gas industry increases its cost of doing business and, consequently, affects its profitability. Because these rules and regulations are frequently amended or reinterpreted, we are not able to predict the future cost or impact of complying with such laws.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Federal Energy Regulatory Commission (&#8220;FERC&#8221;) regulates under the Natural Gas Act of 1938 and the Natural Gas Policy Act of 1978, interstate natural gas transportation rates and service conditions, which affect the marketing of natural gas we produce, as well as the revenues we receive for sales of such production. Since 1978, various laws have been enacted which have significantly altered the marketing and transportation of gas. These orders resulted in a fundamental restructuring of interstate pipeline sales and transportation services, including the unbundling by interstate pipelines of the sales, transportation, storage and other components of the city-gate sales, services such pipelines previously performed.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Commencing in 1985, the FERC promulgated a series of orders, regulations and rule makings that significantly fostered competition in the business of transporting and marketing gas. Today, interstate pipeline companies are required to provide nondiscriminatory transportation services to producers, marketers and other shippers, regardless of whether such shippers are affiliated with an interstate pipeline company. FERC's initiatives have led to the development of a competitive, unregulated, open access market for gas purchases and sales that permits all purchasers of gas to buy gas directly from third-party sellers other than pipelines. However, the natural gas industry historically has been very heavily regulated. Therefore, we cannot guarantee that the less stringent regulatory approach will continue indefinitely into the future, nor can we determine what effect, if any, future regulatory changes might have on our natural gas related activities.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Sales of crude oil, condensate and natural gas liquids are not currently regulated and are made at negotiated market prices. Nevertheless, Congress could reenact price controls in the future. The price we receive from the sale of these products is affected by the cost of transporting the products to market. The FERC regulates interstate crude oil pipeline transportation rates under the Interstate Commerce Act. In general, interstate crude oil pipeline rates must be cost-based, although many pipeline charges are today based on historical rates adjusted for inflation and other factors, and other charges may result from settlement rates agreed to by all shippers or market-based rates, which are permitted in certain circumstances. Intrastate crude oil pipeline transportation rates are subject to regulation by state regulatory commissions. Insofar as the interstate and intrastate transportation rates that we pay are generally applicable to all comparable shippers, we believe that the regulation of crude oil transportation rates will not affect our operations in a way that materially differs from the effect on the operations of our competitors who are similarly situated. Further, interstate and intrastate common carrier crude oil pipelines must provide service on an equitable basis. Under this standard, common carriers must offer service to all similarly situated shippers requesting service on the same terms and under the same rates. When crude oil pipelines operate at full capacity, access is governed by prorating provisions set forth in the pipelines&#8217; published tariffs. Accordingly, we believe that access to crude oil pipeline transportation services generally will be available to us to the same extent as to our similarly situated competitors.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The State of Texas regulates the drilling for, and the production, gathering and sale of, oil and natural gas, including imposing severance taxes and requirements for obtaining drilling permits. Texas currently imposes a 4.6% severance tax on oil production and a 7.5% severance tax on natural gas production. States also regulate the method of developing new fields, the spacing and operation of wells and the prevention of waste of oil and natural gas resources. States may regulate rates of production and may establish maximum daily production allowables from oil and natural gas wells based on market demand or resource conservation, or both.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">8</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">States do not regulate wellhead prices or engage in other similar direct economic regulation, but we cannot assure you that they will not do so in the future. The effect of these regulations may be to limit the amount of oil and natural gas that may be produced from our wells and to limit the number of wells or locations we can drill. The petroleum industry is also subject to compliance with various other federal, state and local regulations and laws. Some of those laws relate to resource conservation and equal employment opportunity. We do not believe that compliance with these laws will have a material adverse effect on us.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Environmental Matters</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">By nature of our oil and gas operations, we are subject to extensive federal, state and local environmental laws and regulations controlling the generation, use, storage and discharge of materials into the environment or otherwise relating to the protection of the environment. Numerous governmental departments issue rules and regulations to implement and enforce such laws, which are often difficult and costly to comply with and which carry substantial penalties for failure to comply. These laws and regulations may require the acquisition of a permit before drilling or production commences; restrict the types, quantities and concentration of various substances that can be released into the environment in connection with drilling and production activities; limit or prohibit construction or drilling activities on certain lands lying within protected areas; restrict the rate of oil and gas production; require remedial actions to prevent pollution from former operations; and impose substantial liabilities for pollution resulting from our operations. In addition, these laws and regulations may impose substantial liabilities and penalties for failure to comply with them or for any contamination resulting from our operations. We believe we are in compliance, in all material respects, with applicable environmental requirements. We do not believe costs relating to these laws and regulations have had a material adverse effect on our operations or financial condition in the past. Public interest in the protection of the environment has increased dramatically in recent years.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The trend of applying more expansive and stricter environmental legislation and regulations to the natural gas and oil industry could continue, resulting in increased costs of doing business and consequently affecting our profitability. To the extent laws are enacted or other governmental action is taken that restricts drilling or imposes more stringent and costly waste handling, disposal and cleanup requirements, our business and prospects could be adversely affected.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The following are some of the existing laws, rules and regulations to which our business is subject:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">The Comprehensive Environmental Response, Compensation, and Liability Act </font>(&#8220;CERCLA&#8221;), also known as the &#8220;Superfund&#8221; law, imposes liability, without regard to fault or the legality of the original conduct, on classes of persons that are considered to have contributed to the release of a &#8220;hazardous substance&#8221; into the environment. These persons include the owner or operator of the disposal site or the site where the release occurred and companies that disposed or arranged for the disposal of the hazardous substances. Under CERCLA, such persons may be subject to joint and several liabilities for the costs of cleaning up the hazardous substances that have been released into the environment, for damages to natural resources and for the costs of certain health studies. In addition, it is not uncommon for neighboring landowners and other third parties to file claims for personal injury and property damage allegedly caused by the hazardous substances released into the environment. We are able to control directly the operation of only those wells with respect to which we act as operator. Notwithstanding our lack of direct control over wells operated by others, the failure of an operator other than us to comply with applicable environmental regulations may, in certain circumstances, be attributed to us. We do not believe that we will be required to incur any material capital expenditures to comply with existing environmental requirements.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The federal <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Clean Air Act</font> (&#8220;CAA&#8221;), and state air pollution laws and regulations provide a framework for national, state and local efforts to protect air quality. The operations of oil and gas properties utilize equipment that emits air pollutants which may be subject to federal and state air pollution control laws. These laws require utilization of air emissions abatement equipment to achieve prescribed emissions limitations and ambient air quality standards, as well as operating permits for existing equipment and construction permits for new and modified equipment. Permits and related compliance obligations under the CAA, as well as changes to state implementation plans for controlling air emissions in regional non-attainment areas may require oil and natural gas exploration and production operators to incur future capital expenditures in connection with the addition or modification of existing air emission control equipment and strategies.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">9</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">In addition, some oil and natural gas facilities may be included within the categories of hazardous air pollutant sources, which are subject to increasing regulation under the CAA. Failure to comply with these requirements could subject a regulated entity to monetary penalties, injunctions, conditions or restrictions on operations and enforcement actions. On August&#160;16, 2012, the EPA approved final regulations under the CAA that establish new air emission controls for oil and natural gas production and natural gas processing operations. Specifically, the EPA&#8217;s rule package includes New Source Performance Standards to address emissions of sulfur dioxide and volatile organic compounds, or VOCs, and a separate set of emission standards to address hazardous air pollutants frequently associated with oil and natural gas drilling, completion, production and processing activities. The rules also establish specific new requirements regarding emissions from compressors, controllers, dehydrators, storage tanks and other production equipment. These rules will require a number of modifications to operations, including the installation of new equipment to control emissions from wells. We believe that we are currently in compliance in all material respects with the requirements of applicable federal and state air pollution control laws.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Recent scientific studies have suggested that emissions of certain gases, commonly referred to as greenhouse gases (&#8220;GHGs&#8221;) and including carbon dioxide and methane, may be contributing to warming of the Earth&#8217;s atmosphere. These findings by the EPA allowed the agency to proceed with the adoption and implementation of regulations that would restrict emissions of GHGs under existing provisions of the federal Clean Air Act. In September 2009, the EPA issued a GHG monitoring and reporting rule that requires certain parties, including participants in the oil and natural gas industry, to monitor and report their GHG emissions, including methane and carbon dioxide, to the EPA.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The EPA's finding, the GHG reporting rules, and the rules to regulate the emissions of GHGs may affect the outcome of other climate change lawsuits pending in U.S. federal courts in a manner unfavorable to our industry. In addition to the EPA&#8217;s actions to regulate GHGs, more than one-third of the states have begun taking action on their own to control and/or reduce emissions of GHGs. The EPA has continued to adopt GHG regulations of other industries could set new source performance standards for new coal-fired and natural-gas fired power plants. As a result of this continued regulatory focus, future GHG regulations of the oil and gas industry remain a possibility. Any of the climate change regulatory and legislative initiatives described above in areas in which we conduct business could result in increased compliance costs or additional operating restrictions which could have a material adverse effect on our business, financial condition, and results of operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">The Resource Conservation and Recovery Act</font> (&#8220;RCRA&#8221;) and analogous state laws govern the handling and disposal of hazardous and solid wastes. Wastes that are classified as hazardous under RCRA are subject to stringent handling, recordkeeping, disposal and reporting requirements. RCRA specifically excludes from the definition of hazardous waste &#8220;drilling fluids, produced waters, and other wastes associated with the exploration, development, or production of crude oil, natural gas or geothermal energy.&#8221; However, these wastes may be regulated by the EPA or state agencies as solid waste. Moreover, many ordinary industrial wastes, such as paint wastes, waste solvents, laboratory wastes and waste compressor oils, are regulated as hazardous wastes. Although the costs of managing hazardous waste may be significant, we do not expect to experience more burdensome costs than similarly situated companies.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">The Federal Water Pollution Control Act</font> (&#8220;Clean Water Act&#8221;) and analogous state laws impose restrictions and strict controls with respect to the discharge of pollutants, including produced waters and other oil and gas wastes, into waters of the United States. The discharge of pollutants into regulated waters is prohibited, except in accordance with the terms of a permit issued by the EPA or the applicable state agency. Although the costs to comply with such mandates under state or federal law may be significant, the entire industry will experience similar costs, and we do not believe that these costs will have a material adverse impact on our financial condition and operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">The Safe Drinking Water Act</font> (&#8220;SDWA&#8221;) and the <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Underground Injection Control</font> (&#8220;UIC&#8221;) program promulgated under the SDWA and state and local laws regulate the drilling and operation of salt water disposal (&#8220;SWD&#8221;) wells and the underground injection of waste substances produced from oil and gas operations. Underground injection is the subsurface placement of fluid through a well, such as the reinjection of brine produced and separated from oil and gas production. The EPA directly administers the UIC program in some states and in others it is delegated to the state for administering. Permits must be obtained before drilling SWD wells and casing integrity monitoring must be conducted periodically to ensure the casing is not leaking saltwater into groundwater.&#160; Contamination of groundwater by oil and natural gas drilling, production, and related operations may result in fines, penalties, and remediation costs.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">10</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">In addition, third party claims may be filed by landowners and other parties claiming damages for alternative water supplies, property damages, and bodily injury. We currently operate one underground injection well and own interests in various underground injection wells operated by others and failure to abide by their permits could subject us and those operators to civil and/or criminal enforcement. We are, and believe the other operators are as well, in compliance in all material respects with the requirements of applicable state underground injection control programs and permits.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Hydraulic fracturing</font> is an important common practice that is used to stimulate production of hydrocargons, particularly oil and natural gas, from tight formations, including shales. This technology involves the injection of fluids&#8212;usually consisting mostly of water but typically including small amounts of chemical additives&#8212;as well as sand into a well under high pressure in order to create fractures in the rock that allow oil or gas to flow more freely to the wellbore. Many newer wells would not be economical without the use of hydraulic fracturing to stimulate production from the well. We engage third parties to occasionally provide hydraulic fracturing or other well stimulation services to us in connection with many of the wells we operate. Hydraulic fracturing generally is exempt from regulation under the UIC program, and the hydraulic fracturing process is typically regulated by state oil and gas commissions.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">For example, the Texas Legislature adopted new legislation requiring oil and gas operators to publicly disclose the chemicals used in the hydraulic fracturing process, effective as of September&#160;1, 2011. The Texas Railroad Commission has adopted rules and regulations implementing this legislation that apply to all wells for which the Railroad Commission issues an initial drilling permit after February&#160;1, 2012. The new law requires that the well operator disclose the list of chemical ingredients subject to the requirements of the federal Occupational Safety and Health Act (OSHA) for disclosure on an internet website and also file the list of chemicals with the Texas Railroad Commission with the well completion report. The total volume of water used to hydraulically fracture a well must also be disclosed to the public and filed with the Texas Railroad Commission.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">There has been increasing public controversy regarding hydraulic fracturing with regard to the use of fracturing fluids, impacts on drinking water supplies, use of water and the potential for impacts to surface water, groundwater and the environment generally. A number of lawsuits and enforcement actions have been initiated across the country implicating hydraulic fracturing practices. If new laws or regulations that significantly restrict hydraulic fracturing are adopted, such laws could make it more difficult or costly for us to perform fracturing to stimulate production from tight formations as well as make it easier for third parties opposing the hydraulic fracturing process to initiate legal proceedings based on allegations that specific chemicals used in the fracturing process could adversely affect groundwater. In addition, if hydraulic fracturing is further regulated at the federal or state level, our fracturing activities could become subject to additional permitting and financial assurance requirements, more stringent construction specifications, increased monitoring, reporting and recordkeeping obligations, plugging and abandonment requirements and also to attendant permitting delays and potential increases in costs. Such legislative changes could cause us to incur substantial compliance costs, and compliance or the consequences of any failure to comply by us could have a material adverse effect on our financial condition and results of operations. At this time, it is not possible to estimate the impact on our business of newly enacted or potential federal or state legislation governing hydraulic fracturing.</div>

<div style="LINE-HEIGHT: 1.15">
<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We believe that we are in substantial compliance with all existing environmental laws and regulations applicable to our current operations and that our continued compliance with existing requirements will not have a material adverse impact on our financial condition and results of operations, however we cannot assure you that the passage or application of more stringent laws or regulations in the future will not have an negative impact on our financial position or results of operation. We did not incur any material capital expenditures for remediation or pollution control activities for the year ended March 31, 2015. Additionally, as of the date of this report, we are not aware of any environmental issues or claims that will require material capital expenditures during fiscal 2016.</div>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Various state and federal statutes prohibit certain actions that adversely affect endangered or threatened species and their habitat, migratory birds, wetlands, and natural resources. These statutes include the <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Endangered Species Act </font>and the <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Migratory Bird Treaty Act</font>, as well as, the CWA and CERCLA. The United States Fish and Wildlife Service may designate critical habitat and suitable habitat areas that it believes are necessary for survival of threatened or endangered species. A critical habitat or suitable habitat designation could result in further material restrictions to federal land use and private land use and could delay or prohibit land access or development.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">11</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Title to Properties</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">As is customary in the oil and gas industry, only a preliminary title examination is conducted at the time properties believed to be suitable for drilling operations are acquired by us. Prior to the commencement of drilling operations, a thorough title examination of the drill site tract is conducted and curative work is performed with respect to significant defects, if any, before proceeding with operations. A thorough title examination has been performed with respect to substantially all leasehold producing properties currently owned by us. We believe the title to our leasehold properties is good and defensible in accordance with standards generally acceptable in the oil and gas industry subject to such exceptions that, in the opinion of counsel employed in the various areas in which we have conducted exploration activities, are not so material as to detract substantially from the use of such properties.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The leasehold properties we own are subject to royalty, overriding royalty and other outstanding interests customary in the industry. The properties may be subject to burdens such as liens incident to operating agreements and current taxes, development obligations under oil and gas leases and other encumbrances, easements and restrictions. We do not believe any of these burdens will materially interfere with the use of these properties.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Substantially all of our properties are currently mortgaged under a deed of trust to secure funding through a revolving line of credit.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Insurance</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our operations are subject to all the risks inherent in the exploration for and development and production of oil and gas including blowouts, fires and other casualties. We maintain insurance coverage customary for operations of a similar nature, but losses could arise from uninsured risks or in amounts in excess of existing insurance coverage.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Executive Officers</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The following table sets forth certain information concerning the executive officers of the Company as of March 31, 2015.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="8ab946d1067e4517ace00eaf6bd809aa" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 80%; MARGIN-LEFT: 36pt" cellspacing="0" cellpadding="2" align="left" border="0">
<tr>
<td style="WIDTH: 25%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Name</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Age</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Position</div>
</td>
</tr>

<tr style="HEIGHT: 13px">
<td style="WIDTH: 25%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">77</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Chairman and Chief Executive Officer</div>
</td>
</tr>

<tr>
<td style="WIDTH: 25%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Tamala L. McComic</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">46</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">President, Chief Financial Officer, Treasurer, and Assistant Secretary</div>
</td>
</tr>

<tr>
<td style="WIDTH: 25%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Donna Gail Yanko</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">70</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Vice President and Secretary</div>
</td>
</tr>
</table>

<div style="CLEAR: both; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Set forth below is a description of the principal occupations during at least the past five years of each executive officer of the Company.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Nicholas C. Taylor was elected Chairman of the Board and Chief Executive Officer of the Company in September 2011 and continues to serve in such capacity on a part time basis, as required. He served as Chief Executive Officer, President and Director of the Company from 1983 to 2011. From July 1993 to the present, Mr. Taylor has been involved in the independent practice of law and other business activities. In November 2005 he was appointed by the Speaker of the House to the Texas Ethics Commission and served until February 2010.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Tamala L. McComic, a Certified Public Accountant, became Controller for the Company in July 2001 and was elected President and Chief Financial Officer in September 2011. She served the Company as Executive Vice President and Chief Financial Officer from 2009 to 2011 and Vice President and Chief Financial Officer from 2003 to 2009. Prior thereto, Ms. McComic was appointed Treasurer and Assistant Secretary of the Company.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Donna Gail Yanko was appointed to the position of Vice President of the Company in 1990. She has also served as Corporate Secretary since 1992 and from 1986 to 1992 was Assistant Secretary. From 1986 to the present, on a part-time basis, she has assisted the Chairman of the Board of the Company in his personal business activities. Ms. Yanko also served as a director of the Company from 1990 to 2008.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">12</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Employees</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">As of March 31, 2015, we had two full-time and four part-time employees. We believe that relations with these employees are generally satisfactory. From time to time, we utilize the services of independent geological, land and engineering consultants on a limited basis and expect to continue to do so in the future. We also utilize the services of independent contractors to perform well drilling and production operations, including pumping, maintenance, inspection and testing.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Office Facilities</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our principal offices are located at 214 W. Texas Avenue, Suite 1101, Midland, Texas 79701, and our telephone number is (432) 682-1119. On April 1, 2013, we agreed to a three year lease, with an option to renew for an additional two years, for our 3,199 square feet of office space which will expire on April 1, 2016. On April 1, 2014, we agreed to a three year lease for an additional 340 square feet of office space which will expire on April 1, 2017. We believe our facilities are adequate for our current operations and that we can obtain additional leased space if needed.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Access to Company Reports</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Mexco Energy Corporation files annual, quarterly and current reports, proxy statements and other information with the SEC. Please call the SEC at 1-800-SEC-0330 for information on the public reference room. The SEC maintains an internet website (<font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">www.sec.gov</font>) that contains annual, quarterly and current reports, proxy statements and other information that issuers, including Mexco, file electronically with the SEC.&#160; Mexco also employs the Public Register&#8217;s Annual Report Service which can provide you a copy of our annual report at <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">www.prars.com</font>, free of charge, as soon as practicable after providing such report to the SEC.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We also maintain an internet website at <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">www.mexcoenergy.com</font>. In the Investor Relations section, our website contains our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other reports and amendments to those reports as soon as reasonably practicable after such material is electronically filed with the SEC. Information on our website is not incorporated by reference into this Form 10-K and should not be considered part of this report or any other filing that we make with the SEC. Additionally, our Code of Business Conduct and Ethics and the charters of our Audit Committee, Compensation Committee and Nominating Committee are posted on our website. Any of these corporate documents as well as any of the SEC filed reports are available in print free of charge to any stockholder who requests them. Requests should be directed to our corporate Assistant Secretary by mail to P.O. Box 10502, Midland, Texas 79702 or by email to <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">mexco@sbcglobal.net</font>.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 1A. RISK FACTORS</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">There are many factors that affect our business and results of operations, some of which are beyond our control. The following is a description of some of the important factors that could have a material adverse effect on our business, financial position, liquidity and results of operations. Some of the following risks relate principally to the industry in which we operate and to our business. Other risks relate principally to the securities markets and ownership of our common stock.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">RISKS RELATED TO OUR BUSINESS AND INDUSTRY</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Volatility of oil and gas prices significantly affects our results and profitability.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Prices for oil and natural gas fluctuate widely. We cannot predict future oil and natural gas prices with any certainty. Historically, the markets for oil and gas have been volatile, and they are likely to continue to be volatile. Factors that can cause price fluctuations include the level of global demand for petroleum products; foreign supply and pricing of oil and gas; the ability of the Organization of Petroleum Exporting Countries (&#8220;OPEC&#8221;) to set and maintain oil price and production controls; nature and extent of governmental regulation and taxation, including environmental regulations; level of domestic and international exploration, drilling and production activity; the cost of exploring for, producing and delivering oil and gas; speculative trading in crude oil and natural gas derivative contracts; availability, proximity and capacity of oil and gas pipelines and other transportation facilities; weather conditions; the price and availability of alternative fuels; technological advances affecting energy consumption; and, overall political and economic conditions in oil producing countries.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">13</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Increases and decreases in prices also affect the amount of cash flow available for capital expenditures and our ability to borrow money or raise additional capital. The amount we can borrow from banks may be subject to redetermination based on changes in prices. In addition, we may have ceiling test writedowns when prices decline. Lower prices may also reduce the amount of crude oil and natural gas that can be produced economically. Thus, we may experience material increases or decreases in reserve quantities solely as a result of price changes and not as a result of drilling or well performance.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Changes in oil and gas prices impact both estimated future net revenue and the estimated quantity of proved reserves. Any reduction in reserves, including reductions due to price fluctuations, can reduce the borrowing base under our revolving credit facility and adversely affect the amount of cash flow available for capital expenditures and our ability to obtain additional capital for our exploration and development activities.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Oil and natural gas prices do not necessarily fluctuate in direct relationship to each other. Our financial results are more sensitive to movements in natural gas prices than oil prices because most of our production and reserves are natural gas. Lower natural gas prices or lack of natural gas storage may have an adverse affect on our financial condition due to reduction of our revenues, operating income and cash flows; curtailment or shut-in of our natural gas production due to lack of transportation or storage capacity; cause certain properties in our portfolio to become economically unviable; and, limit our financial condition, liquidity, and/or ability to finance planned capital expenditures and operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">We have entered into price swap derivatives and may in the future enter into additional price swap derivatives for a portion of our production, which may result in our making cash payments or prevent us from receiving the full benefit of increases in prices for oil.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We have used price swap derivatives to reduce price volatility associated with certain of our oil sales. Under these swap contracts, we receive a fixed price per barrel of oil and pay a floating market price per barrel of oil to the counterparty based on NYMEX WTI pricing. The fixed-price payment and the floating-price payment are offset, resulting in a net amount due to or from the counterparty.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">In March 2013, we placed a commodity swap contract covering a total of 12,000 bbls of crude oil for the period from April 2013 to March 2015 at a fixed price of $90.00 per bbl. Such contracts and any future swap arrangements may expose us to risk of financial loss in certain circumstances, including instances where production is less than expected or oil prices increase. In addition, these arrangements may limit the benefit to us of increases in the price of oil.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Lower oil and gas prices and other factors may cause us to record ceiling test writedowns.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Lower oil and gas prices increase the risk of ceiling limitation write-downs. We use the full cost method to account for oil and gas operations. Accordingly, we capitalize the cost to acquire, explore for and develop crude oil and natural gas properties. Under the full cost accounting rules, the net capitalized cost of crude oil and natural gas properties may not exceed a &#8220;ceiling limit&#8221; which is based upon the present value of estimated future net cash flows from proved reserves, discounted at 10% plus the lower of cost or fair market value of unproved properties. If net capitalized costs of oil and natural gas properties exceed the ceiling limit, we must charge the amount of the excess against earnings. This is called a &#8220;ceiling test writedown.&#8221; Under the accounting rules, we are required to perform a ceiling test each quarter. A ceiling test writedown does not impact cash flow from operating activities, but does reduce stockholders&#8217; equity and earnings. The risk that we will be required to write down the carrying value of oil and natural gas properties increases when oil and natural gas prices are low. For 2015, 2014 and 2013, there was no ceiling test impairment on our oil and gas properties.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">We must replace reserves we produce.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our future success depends upon our ability to find, develop or acquire additional, economically recoverable oil and gas reserves. Our proved reserves will generally decline as reserves are depleted, except to the extent that we can find, develop or acquire replacement reserves. One offset to the obvious benefits afforded by higher product prices especially for small to mid-cap companies in this industry, is that quality domestic oil and gas reserves are hard to find.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">14</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Information concerning our reserves and future net revenues estimates is inherently uncertain.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Estimates of oil and gas reserves, by necessity, are projections based on engineering data, and there are uncertainties inherent in the interpretation of such data as well as the projection of future rates of production and the timing of development expenditures. Reserve engineering is a subjective process of estimating underground accumulations of oil and gas that are difficult to measure. Estimates of economically recoverable oil and gas reserves and of future net cash flows depend upon a number of variable factors and assumptions, such as future production, oil and gas prices, operating costs, development costs and remedial costs, all of which may vary considerably from actual results. As a result, estimates of the economically recoverable quantities of oil and gas and of future net cash flows expected therefrom may vary substantially. As required by the SEC, the estimated discounted future net cash flows from proved reserves are based on a twelve month un-weighted first-day-of-the-month average oil and gas prices for the twelve months prior to the date of the report. Actual future prices and costs may be materially higher or lower.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">An increase in the differential between NYMEX and the reference or regional index price used to price our oil and gas would reduce our cash flow from operations.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our oil and gas is priced in the local markets where it is produced based on local or regional supply and demand factors. The prices we receive for our oil and gas are typically lower than the relevant benchmark prices, such as The New York Mercantile Exchange (&#8220;NYMEX&#8221;). The difference between the benchmark price and the price we receive is called a differential. Numerous factors may influence local pricing, such as refinery capacity, pipeline capacity and specifications, upsets in the midstream or downstream sectors of the industry, trade restrictions and governmental regulations. Additionally, insufficient pipeline capacity, lack of demand in any given operating area or other factors may cause the differential to increase in a particular area compared with other producing areas. During fiscal 2015, differentials averaged $4.37 per Bbl of oil and $0.18 per Mcf of gas. Increases in the differential between the benchmark prices for oil and gas and the wellhead price we receive could significantly reduce our revenues and our cash flow from operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Approximately 39% and 37% of our total estimated net proved reserves at March 31, 2015 and 2014, respectively, were undeveloped, and those reserves may not ultimately be developed.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Recovery of undeveloped reserves requires significant capital expenditures and successful drilling. Our reserve data assumes that we can and will make these expenditures and conduct these operations successfully. These assumptions, however, may not prove correct. If we or the outside operators of our properties choose not to spend the capital to develop these reserves, or if we are not able to successfully develop these reserves, we will be required to write-off these reserves. Any such write-offs of our reserves could reduce our ability to borrow money and could reduce the value of our common stock.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Our exploration and development drilling may not result in commercially productive reserves.</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">New wells that we drill may not be productive, or we may not recover all or any portion of our investment in such wells. The seismic data and other technologies we use do not allow us to know conclusively prior to drilling a well that crude oil or natural gas is present or may be produced economically. Drilling for crude oil and natural gas often involves unprofitable efforts, not only from dry holes but also from wells that are productive but do not produce sufficient net reserves to return a profit at then realized prices after deducting drilling, operating and other costs. The cost of drilling, completing and operating a well is often uncertain, and cost factors can adversely affect the economics of a project.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Drilling and operating activities are high risk activities that subject us to a variety of factors that we can not control.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">These factors include availability of workover and drilling rigs, well blowouts, cratering, explosions, fires, formations with abnormal pressures, pollution, releases of toxic gases and other environmental hazards and risks. Any of these operating hazards could result in substantial losses to us. In addition, we incur the risk that no commercially productive reservoirs will be encountered, and there is no assurance that we will recover all or any portion of our investment in wells drilled or re-entered.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">15</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Acquisitions are subject to the risks and uncertainties of evaluating reserves and potential liabilities and may be disruptive and difficult to integrate into our business.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We plan to continue growing our reserves through acquisitions. Acquired properties can be subject to significant unknown liabilities. Prior to completing an acquisition, it is generally not feasible to conduct a detailed review of each individual property to be acquired in an acquisition. Even a detailed review or inspection of each property may not reveal all existing or potential liabilities associated with owning or operating the property. Moreover, some potential liabilities, such as environmental liabilities related to groundwater contamination, may not be discovered even when a review or inspection is performed. Our initial reserve estimates for acquired properties may be inaccurate. Downward adjustments to our estimated proved reserves, including reserves added through acquisitions, could require us to write down the carrying value of our oil and gas properties, which would reduce our earnings and our stockholders&#8217; equity. In addition, we may have to assume cleanup or reclamation obligations or other unanticipated liabilities in connection with these acquisitions. The scope and cost of these obligations may ultimately be materially greater than estimated at the time of the acquisition.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">We may not be able to fund the capital expenditures that will be required for us to increase reserves and production.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We must make capital expenditures to develop our existing reserves and to discover new reserves. Historically, we have used our cash flow from operations and borrowings under our revolving credit facility to fund our capital expenditures and we expect to continue to do so in the future.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Volatility in oil and gas prices, the timing of our drilling programs and drilling results will affect our cash flow from operations. Lower prices and/or lower production will also decrease revenues and cash flow, thus reducing the amount of financial resources available to meet our capital requirements, including reducing the amount available to pursue our drilling opportunities. If our cash flow from operations does not increase as a result of planned capital expenditures, a greater percentage of our cash flow from operations will be required for debt service and operating expenses and our planned capital expenditures would, by necessity, be decreased.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The borrowing base under our credit facility will be determined from time to time by the lender. Reductions in estimates of oil and gas reserves could result in a reduction in the borrowing base, which would reduce the amount of financial resources available under the credit facility to meet our capital requirements. Such a reduction could be the result of lower commodity prices and/or production, inability to drill or unfavorable drilling results, changes in oil and gas reserve engineering, the lenders&#8217; inability to agree to an adequate borrowing base or adverse changes in the lenders&#8217; practices regarding estimation of reserves.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 18pt">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">If cash flow from operations or our borrowing base decrease for any reason, our ability to undertake exploration and development activities could be adversely affected. As a result, our ability to replace production may be limited. In addition, if the borrowing base under the credit facility is reduced, we would be required to reduce our borrowings under the credit facility so that such borrowings do not exceed the borrowing base. This could further reduce the cash available to us for capital spending and, if we did not have sufficient capital to reduce our borrowing level, we may be in default under the credit facility.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Our identified drilling locations are scheduled out over several years, making them susceptible to uncertainties that could materially alter the occurrence or timing of their drilling.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our management has specifically identified and scheduled drilling locations as an estimation of our future multi-year drilling activities on our existing acreage. These drilling locations represent a significant part of our growth strategy. Our ability to drill and develop these locations depends on a number of uncertainties, including crude oil and natural gas prices, the availability of capital, costs, drilling results, regulatory approvals and other factors. If future drilling results in these projects do not establish sufficient reserves to achieve an economic return, we may curtail drilling in these projects. Because of these uncertainties, we do not know if the numerous potential drilling locations we have identified will ever be drilled or if we will be able to produce crude oil or natural gas from these or any other potential drilling locations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">16</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Failure to comply with covenants under our debt agreement could adversely impact our financial condition and results of operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Our revolving credit facility agreement requires us to comply with certain customary covenants including limitations on disposition of assets, mergers and reorganizations. We are also obligated to meet certain financial covenants. For example, our revolving credit facility requires us to, among other things, maintain tangible net worth in accordance with computational guidelines contained in the related loan agreement. If we fail to meet any of these loan covenants, the lender under the revolving credit facility could accelerate the indebtedness and seek to foreclose on the pledged assets.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The unavailability or high cost of additional drilling rigs, equipment, supplies, personnel and oilfield services could adversely affect our ability to execute our exploration and development plans within our budget and on a timely basis.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Shortages or the high cost of drilling rigs, equipment, supplies, personnel or oilfield services could delay or cause us to incur significant expenditures that are not provided for in our capital budget, which could have a material adverse effect on our business, financial condition or results of operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">We have limited control over activities on properties we do not operate, which could reduce our production and revenues.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">A substantial amount of our business activities are conducted through joint operating or other agreements under which we own working and royalty interests in natural gas and oil properties in which we do not operate. As a result, we have a limited ability to exercise influence over normal operating procedures, expenditures or future development of underlying properties and their associated costs. The failure of an operator of our wells to adequately perform operations could reduce our revenues and production.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Our business depends on oil and natural gas transportation facilities which are owned by others.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The marketability of our production depends in part on the availability, proximity and capacity of natural gas gathering systems, pipelines and processing facilities. Federal and state regulation of oil and gas production and transportation, tax and energy policies, changes in supply and demand and general economic conditions could all affect our ability to produce and market our oil and gas.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The oil and gas industry is highly competitive.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Competition for oil and gas reserve acquisitions is significant. We may compete with major oil and gas companies, other independent oil and gas companies and individual producers and operators, some of which have financial and personnel resources substantially in excess of those available to us. As a result, we may be placed at a competitive disadvantage. Our ability to acquire and develop additional properties in the future will depend upon our ability to select and acquire suitable producing properties and prospects for future development activities. In addition, the oil and gas industry as a whole also competes with other industries in supplying the energy and fuel requirements of industrial, commercial and individual consumers. The price and availability of alternative energy sources could adversely affect our revenue. The <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">market</font> for our oil, gas and natural gas liquids production depends on factors beyond our control, including domestic and foreign political conditions, the overall level of supply of and demand for oil, gas and natural gas liquids, the price of imports of oil and gas, weather conditions, the price and availability of alternative fuels, the proximity and capacity of gas pipelines and other transportation facilities and overall economic conditions.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">We may not be insured against all of the operating hazards to which our business is exposed.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our operations are subject to all the risks inherent in the exploration for, and development and production of oil and gas including blowouts, fires and other casualties. We maintain insurance coverage customary for operations of a similar nature, but losses could arise from uninsured risks or in amounts in excess of existing insurance coverage.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">17</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Our business is subject to extensive environmental regulations, and to laws that can give rise to liabilities from environmental contamination.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our operations are subject to extensive federal, state and local environmental laws and regulations, which impose limitations on the discharge of pollutants into the environment, establish standards for the management, treatment, storage, transportation and disposal of hazardous materials and of solid and hazardous wastes, and impose obligations to investigate and remediate contamination in certain circumstances. Liabilities to investigate or remediate contamination, as well as other liabilities concerning hazardous materials or contamination such as claims for personal injury or property damage, may arise at many locations, including properties in which we have an ownership interest but no operational control, properties we formerly owned or operated and sites where our wastes have been treated or disposed of, as well as at properties that we currently own or operate. Such liabilities may arise even where the contamination does not result from any noncompliance with applicable environmental laws. Under a number of environmental laws, such liabilities may also be joint and several, meaning that we could be held responsible for more than our share of the liability involved, or even the entire share. Environmental requirements generally have become more stringent in recent years, and compliance with those requirements more expensive.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Increased regulation of hydraulic fracturing could result in reductions or delays in drilling and completing new oil and natural gas wells, which could adversely impact our revenues.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Legislation has been introduced in the U.S. Congress to amend the federal SDWA to subject hydraulic fracturing operations to regulation under the SDWA and to require the disclosure of chemicals used by the oil and gas industry in the hydraulic fracturing process. Hydraulic fracturing involves the injection of water, sand and chemicals under pressure into rock formations to stimulate gas and oil production. We engage third parties to provide hydraulic fracturing or other well stimulation services to us in connection with wells for which we are the operator. Several states, including Texas, have adopted, or are considering adopting, regulations that could restrict or prohibit hydraulic fracturing in certain circumstances and/or require the disclosure of the composition of hydraulic fracturing fluids. The Texas Railroad Commission has adopted rules and regulations requiring that well operators disclose the list of chemical ingredients subject to the requirements of OSHA for disclosure on an internet website and also file the list of chemicals with the Texas Railroad Commission with the well completion report. The proposed legislation as well as laws being considered by certain states and other agencies requiring the reporting and public disclosure of chemicals used in the fracturing process, could make it easier for third parties opposing the hydraulic fracturing process to initiate legal proceedings based on allegations that specific chemicals used in the fracturing process are impairing groundwater or causing other damage. Additional regulatory scrutiny could make it difficult to perform hydraulic fracturing and increase our costs of compliance and doing business.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Increases in taxes on energy sources may adversely affect the company's operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Federal, state and local governments which have jurisdiction in areas where the company operates impose taxes on the oil and natural gas products sold. Historically, there has been an on-going consideration by federal, state and local officials concerning a variety of energy tax proposals. Such matters are beyond our ability to accurately predict or control.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proposed changes to U.S. tax laws, if adopted, could have an adverse effect on our business, financial condition, results of operations and cash flows.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The U.S. President&#8217;s Fiscal Year 2015 Budget Proposal includes provisions that would, if enacted, make significant changes to U. S. federal income tax laws including the elimination of certain key U.S. federal income tax deductions currently available to oil and natural gas exploration and production companies. Other changes include, but are not limited to: (1) the repeal of the percentage depletion allowance for oil and natural gas properties, (2) the elimination of current deductions for intangible drilling and development costs, (3) the elimination of the deduction for certain domestic production activities, and (4) an extension of the amortization period for certain geological and geophysical expenditures. It is unclear whether any such changes will be enacted or how soon any such changes could become effective. The passage of this legislation or any other similar changes in the U. S. federal income tax laws could negatively affect our financial condition and results of operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">18</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The loss of our chief executive officer or other key personnel could adversely impact our ability to execute our business strategy.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We depend, and will continue to depend in the foreseeable future, upon the continued services of our Chief Executive Officer, Nicholas C. Taylor, our President and Chief Financial Officer, Tamala L. McComic, and other key personnel, who have extensive experience and expertise in evaluating and analyzing producing oil and gas properties and drilling prospects, maximizing production from oil and gas properties and developing and executing acquisitions and financing. We do not have key-man insurance on the lives of Mr. Taylor and Ms. McComic. The unexpected loss of the services of one or more of these individuals could, therefore, significantly and adversely affect our operations. Competition for qualified individuals is intense and we may be unable to find or attract qualified replacements for our officers and key employees on acceptable terms.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">We may be affected by one substantial shareholder.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Nicholas C. Taylor beneficially owns approximately 44% of the outstanding shares of our common stock. Mr. Taylor is also our Chairman of the Board and Chief Executive Officer. As a result, Mr. Taylor has significant influence in matters voted on by our shareholders, including the election of our Board members. Mr. Taylor participates in all facets of our business and has a significant impact on both our business strategy and daily operations. The retirement, incapacity or death of Mr. Taylor, or any change in the power to vote shares beneficially owned by Mr. Taylor, could result in negative market or industry perception and could have an adverse effect on our business.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">RISKS RELATED TO OUR COMMON STOCK</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">We have not and do not anticipate paying any cash dividends on our common stock in the foreseeable future.</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="LINE-HEIGHT: 1.15">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We have paid no cash dividends on our common stock to date and it is not anticipated that any will be paid to holders of our common stock in the foreseeable future. The terms of our existing credit facility restricts the payment of dividends without the prior written consent of the lenders. We currently intend to retain all future earnings to fund the development and growth of our business. Any payment of future dividends will be at the discretion of our board of directors and will depend on, among other things, our earnings, financial condition, capital requirements, level of indebtedness, statutory and contractual restrictions applying to the payment of dividends and other considerations that our board of directors deems relevant. Stockholders must rely on sales of their common stock after price appreciation, which may never occur, as the only way to realize a return on their investment.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">We may issue additional shares of common stock in the future, which could cause dilution to all shareholders.</div>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">We </font>may seek to raise additional equity capital in the future. Any issuance of additional shares of our common stock will dilute the percentage ownership interest of all shareholders and may dilute the book value per share of our common stock.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Control by our executive officers and directors may limit your ability to influence the outcome of matters requiring stockholder approval and could discourage our potential acquisition by third parties.</div>

<div style="LINE-HEIGHT: 1.15; TEXT-INDENT: 9pt"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">As of March 31, 2015, our executive officers and directors beneficially owned approximately 47% of our common stock. These stockholders, if acting together, would be able to influence significantly all matters requiring approval by our stockholders, including the election of our board of directors and the approval of mergers or other business combination transactions.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The price of our common stock has been volatile and could continue to fluctuate substantially.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Mexco common stock is traded on the NYSE MKT. The market price of our common stock has and could continue to experience volatility due to reasons unrelated to our operating performance. These reasons include: supply and demand for natural gas and oil; political conditions in natural gas and oil producing regions; demand for our common stock and limited trading volume; investor perception of our industry; fluctuations in commodity prices; variations in our results of operations; legislative or regulatory changes; general trends in the oil and natural gas industry;&#160; market conditions and analysts&#8217; estimates;&#160; and, other events in the oil and gas industry.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">19</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Many of these factors are beyond our control, and we cannot predict their potential effects on the price of our common stock. We cannot assure you that the market price of our common stock will not fluctuate or decline significantly in the future. In addition, the stock markets in general can experience considerable price and volume fluctuations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Failure of the Company's internal control over financial reporting could harm its business and financial results.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The management of Mexco is responsible for establishing and maintaining effective internal control over financial reporting. Internal control over financial reporting is a process to provide reasonable assurance regarding the reliability of financial reporting for external purposes in accordance with accounting principles generally accepted in the United States. Internal control over financial reporting includes maintaining records that in reasonable detail accurately and fairly reflect Mexco's transactions; providing reasonable assurance that transactions are recorded as necessary for preparation of the financial statements; providing reasonable assurance that receipts and expenditures are made in accordance with management authorization; and providing reasonable assurance that unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements would be prevented or detected on a timely basis.</div>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 1B. UNRESOLVED STAFF COMMENTS</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">None.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 2. PROPERTIES</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our properties consist primarily of oil and gas wells and our ownership in leasehold acreage, both developed and undeveloped. As of March 31, 2015, we had interests in 6,022 gross (37.8 net) oil and gas wells and owned leasehold mineral and royalty interests in approximately 790,134 gross (5,728 net) acres.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Oil and Natural Gas Reserves</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">In accordance with current SEC rules, the average prices used in computing reserves at March 31, 2015 were $74.84 per bbl of oil and $94.23 in 2014, a decrease of 21%, and $3.60 per mcf of natural gas and $3.67 in 2014, a decrease of 2%, such prices are based on the 12-month unweighted arithmetic average market prices for sales of oil and natural gas on the first calendar day of each month during fiscal 2015. The benchmark price of $79.21 per bbl of oil at March 31, 2015 versus $94.92 at March 31, 2014, was adjusted by lease for gravity, transportation fees and regional price differentials and did not give effect to derivative transactions. The benchmark price of $3.88 per mcf of natural gas at March 31, 2015 versus $3.99 at March 31, 2014, was adjusted by lease for BTU content, transportation fees and regional price differentials. The average prices used in computing reserves at March 31, 2013 were $85.53 per bbl of oil and $2.76 per mcf of natural gas. The benchmark prices used in computing reserves at March 31, 2013 were $89.17 per bbl of oil and $2.95 per mcf of natural gas.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">For information concerning our costs incurred for oil and gas operations, net revenues from oil and gas production, estimated future net revenues attributable to our oil and gas reserves, present value of future net revenues discounted at 10% and changes therein, see Notes to the Company&#8217;s consolidated financial statements.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The engineering report with respect to Mexco&#8217;s estimates of proved oil and gas reserves as of March 31, 2015, 2014 and 2013 is based on evaluations prepared by Joe C. Neal and Associates, Petroleum and Environmental Engineering Consultants, based in Midland, Texas (&#8220;Neal and Associates&#8221;), a summary of which is filed as Exhibit 99.1 to this annual report.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">20</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Management maintains internal controls designed to provide reasonable assurance that the estimates of proved reserves are computed and reported in accordance with rules&#160;and regulations provided by the SEC. As stated above, Mexco retained Neal and Associates to prepare estimates of our oil and gas reserves. Management works closely with this firm, and is responsible for providing accurate operating and technical data to it. Our Chief Financial Officer who has over 20 years experience in the oil and gas industry reviews the final reserves estimate and consults with a degreed geological consultant with extensive geological experience and if necessary, discusses the process used and findings with Mr. Neal. Mr.&#160;Neal is responsible for overseeing the preparation of the reserve estimates and holds a bachelor&#8217;s degree in mechanical engineering (petroleum option), is a member of the Society of Petroleum Engineers and has over 50 years of experience in the oil and gas industry. Our Chairman and Chief Executive Officer who has over 40 years experience in the oil and gas industry also reviews the final reserves estimate.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Numerous uncertainties exist in estimating quantities of proved reserves. Reserve estimates are imprecise and subjective and may change at any time as additional information becomes available. Furthermore, estimates of oil and gas reserves are projections based on engineering data. There are uncertainties inherent in the interpretation of this data as well as the projection of future rates of production. The accuracy of any reserve estimate is a function of the quality of available data and of engineering and geological interpretation and judgment.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Actual future production, oil and gas prices, revenues, taxes, development expenditures, operating expenses and quantities of recoverable oil and gas reserves will most likely vary from the assumptions and estimates. Any significant variance could materially affect the estimated quantities and value of our oil and gas reserves, which in turn may adversely affect our cash flow, results of operations and the availability of capital resources.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Per the current SEC rules, the prices used to calculate our proved reserves and the present value of proved reserves set forth herein are made using the 12-month unweighted arithmetic average of the first-day-of-the-month price. All prices are held constant throughout the life of the properties. Actual future prices and costs may be materially higher or lower than those as of the date of the estimate. The timing of both the production and the expenses with respect to the development and production of oil and gas properties will affect the timing of future net cash flows from proved reserves and their present value. Except to the extent that we acquire additional properties containing proved reserves or conduct successful exploration and development activities, or both, our proved reserves will decline as reserves are produced.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We have not filed any other oil or gas reserve estimates or included any such estimates in reports to other federal or foreign governmental authority or agency during the year ended March 31, 2015, and no major discovery is believed to have caused a significant change in our estimates of proved reserves since that date.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Proved reserves are estimated reserves of crude oil (including condensate and natural gas liquids) and natural gas that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. Proved developed reserves are those expected to be recovered through existing wells, equipment and operating methods. Proved undeveloped reserves are proved reserves that are expected to be recovered from new wells drilled to known reservoirs on undrilled acreage for which the existence and recoverability of such reserves can be estimated with reasonable certainty, or from existing wells on which a relatively major expenditure is required to establish production.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our estimated proved oil and gas reserves and present value of estimated future net revenues from proved oil and gas reserves in the periods ended March 31 are summarized below.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">21</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">PROVED RESERVES</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="140c35212fe94ffa951efed88d150468" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">&#160; </td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">March 31,</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">&#160; </td>
<td style="VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Oil (Bbls):</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved developed &#8211; Producing</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">260,580</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">278,230</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">232,850</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved developed &#8211; Non-producing</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">23,090</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">16,390</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4,570</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved undeveloped</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">376,070</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">206,930</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">128,290</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Total</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">659,730</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">501,550</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">365,710</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Natural gas (Mcf):</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved developed &#8211; Producing</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,470,970</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,982,480</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,727,710</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved developed &#8211; Non-producing</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,113,820</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,098,990</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,079,310</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved undeveloped</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,703,790</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,177,810</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,037,180</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Total</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6,288,580</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6,259,280</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">7,844,200</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Total net proved reserves (Mcfe)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">10,246,960</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">9,268,580</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">10,038,460</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">PV-10 Value (1)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">23,700,470</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">24,745,250</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">17,788,790</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Present value of future income tax discounted at 10%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(4,762,470</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(5,416,250</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(3,419,790</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Standardized measure of discounted future net&#160;&#160; cash flows (2)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">18,938,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">19,329,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">14,369,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Prices used in Calculating Reserves: (3)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Natural gas (per Mcf)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3.595</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3.67</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2.76</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Oil (per Bbl)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">74.84</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">94.23</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">85.53</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="dc47326464684463be331c01e9bd442d" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(1)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The PV-10 Value represents the discounted future net cash flows attributable to our proved oil and gas reserves before income tax, discounted at 10% per annum, which is the most directly comparable GAAP financial measure. PV-10 is relevant and useful to investors because it presents the discounted future net cash flows attributable to our estimated net proved reserves prior to taking into account future corporate income taxes. Further, investors may utilize the measure as a basis for comparison of the relative size and value of our reserves to other companies. We use this measure when assessing the potential return on investment related to our oil and natural gas properties. Our reconciliation of this non-GAAP financial measure is shown in the table as the PV-10, less future income taxes, discounted at 10% per annum, resulting in the standardized measure of discounted future net cash flows. The standardized measure of discounted future net cash flows represents the present value of future cash flows attributable to our proved oil and natural gas reserves after income tax, discounted at 10%.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="aeb675faa8fc420cbac04db080ab840b" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(2)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">In accordance with SEC requirement, the standardized measure of discounted future net cash flows was computed by applying 12-month average prices for oil and gas during the fiscal year to the estimated future production of proved oil and gas reserves, less estimated future expenditures (based on year-end costs) to be incurred in developing and producing the proved reserves, less estimated future income tax expenses (based on year-end statutory tax rates, with consideration of future tax rates already legislated) to be incurred on pretax net cash flows less tax basis of the properties and available credits, and assuming continuation of existing economic conditions.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="d25f13f771a84001a20ffd83cfe0f5f9" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(3)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">These prices reflect adjustment by lease for quality, transportation fees and regional price differentials and did not give effect to derivative transactions.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">During the fiscal year ending March 31, 2015, 4 wells in which we own a royalty interest were developed converting reserves of approximately 7,000 mcfe from proved undeveloped to proved developed - producing. We participated in the development of 27 wells converting reserves of approximately 208,000 mcfe from proved undeveloped to proved developed - producing. The capital cost was approximately $643,000 for the 27 wells in which we own a working interest.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Oil and gas prices significantly impact the calculation of the PV-10 and the standardized measure of discounted future net cash flows. The present value of future net cash flows does not purport to be an estimate of the fair market value of the Company's proved reserves. An estimate of fair value would also take into account, among other things, anticipated changes in future prices and costs, the expected recovery of reserves in excess of proved reserves and a discount factor more representative of the time value of money and the risks inherent in producing oil and gas. Future prices received for production and costs may vary, perhaps significantly, from the prices and costs assumed for purposes of these estimates. The 10% discount factor used to calculate present value, which is required by Financial Accounting Standards Board (&#8220;FASB&#8221;) pronouncements, may not necessarily be the most appropriate discount rate. The present value, no matter what discount rate is used, is materially affected by assumptions as to timing of future production, which may prove to be inaccurate.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">22</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Productive Wells and Acreage</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Productive wells consist of producing wells and wells capable of production, including gas wells awaiting pipeline connections. Wells that are completed in more than one producing zone are counted as one well. The following table indicates our productive wells as of March 31, 2015:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="d438a86657164969aa9679e0bc8b353f" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 60%" cellspacing="0" cellpadding="2" align="center" border="0">
<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Gross</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Net</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Oil</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">3,198</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">22.8</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Gas</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2,824</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">15.0</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Total Productive Wells</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;&#160;&#160;6,022</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;&#160;&#160;37.8</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The following table sets forth the approximate developed acreage in which we held a leasehold mineral or other interest as of March 31, 2015:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="aac855100f4b45d2b311c9361523561d" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 60%" cellspacing="0" cellpadding="2" align="center" border="0">
<tr style="HEIGHT: 24px">
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Developed Acres</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Gross</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Net</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Texas</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">564,296</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">3,625</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Oklahoma</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">97,390</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">1,450</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">New Mexico</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">29,519</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">514</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Louisiana</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">43,027</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">47</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">North Dakota</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">30,174</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">46</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Kansas</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">9,672</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">24</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Montana</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">7,868</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">5</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Wyoming</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">3,738</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">5</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Arkansas</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;&#160;&#160;&#160;960</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;&#160;&#160;&#160;&#160;5</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Alabama</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">640</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Mississippi</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">1,600</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">3</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Colorado</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">1,120</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">1</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Virginia</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">130</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">1</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Total</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;790,134</div>
</td>
<td style="WIDTH: 4%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;&#160;5,728</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">A gross acre is an acre in which an interest is owned. A net acre is deemed to exist when the sum of fractional ownership interests in gross acres equals one. The number of net acres is the sum of the fractional interests owned in gross acres.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Drilling Activities</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The following table sets forth our drilling activity in wells in which we own a working interest for the years ended March 31:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="788158645ef140e683eff644b46231bd" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 36%; VERTICAL-ALIGN: top">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" colspan="11">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Year Ended March 31,</div>
</td>
</tr>

<tr>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 36%; VERTICAL-ALIGN: top">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
</tr>

<tr>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 36%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Gross</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Net</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Gross</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Net</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Gross</div>
</td>
<td style="WIDTH: 2.3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Net</div>
</td>
</tr>

<tr style="HEIGHT: 6px">
<td style="VERTICAL-ALIGN: middle" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Development Wells</div>
</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 2.3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #dcdcdc" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Productive</div>
</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">56</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">.41</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">34</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">.42</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">38</div>
</td>
<td style="WIDTH: 2.3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">.52</div>
</td>
</tr>

<tr>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nonproductive</div>
</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">1</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">.09</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">1</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">.01</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">1</div>
</td>
<td style="WIDTH: 2.3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">.01</div>
</td>
</tr>

<tr>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 36%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total</div>
</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;&#160;&#160;57</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">.50</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;&#160;&#160;35</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">.43</div>
</td>
<td style="WIDTH: 2.33%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;&#160;&#160;39</div>
</td>
<td style="WIDTH: 2.3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">.53</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We have not participated in any exploratory wells during the years ended March 31, 2015, 2014 and 2013. The information contained in the foregoing table should not be considered indicative of future drilling performance, nor should it be assumed that there is any necessary correlation between the number of productive wells drilled and the amount of oil and gas that may ultimately be recovered by us.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">23</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Net Production, Unit Prices and Costs</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The following table summarizes our net oil and natural gas production, the average sales price per barrel (&#8220;bbl&#8221;) of oil and per thousand cubic feet (&#8220;mcf&#8221;) of natural gas produced and the average production (lifting) cost per unit of production for the years ended March 31:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="b792d8e1fd734cf69fb0a5224efe7728" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="10">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Year Ended March 31,</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Oil (a):</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Production (Bbls)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">29,557</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">27,186</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">23,260</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Revenue</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,069,806</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,591,619</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,961,766</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Average Bbls per day</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">81</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">74</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">64</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Average sales price per Bbl (b)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">70.03</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">95.33</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">84.34</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Gas (c):</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Production (Mcf)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">369,034</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">361,652</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">401,077</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Revenue</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,267,020</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,402,676</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,101,941</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Average Mcf per day</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,011</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">991</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,099</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Average sales price per Mcf</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3.43</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3.88</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2.75</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Production cost:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Production cost</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,024,130</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">943,730</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">843,277</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Production and ad valorem taxes</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">276,690</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">288,084</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">238,766</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Equivalent Mcf (d)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">546,375</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">524,768</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">540,637</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Production cost per equivalent Mcf</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1.87</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1.80</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1.56</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Production cost per sales dollar</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.31</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.24</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.28</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;Total oil and gas revenue</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,336,826</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,994,295</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,063,707</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div>
<table id="8c3f8b3df4184560a94f9b0a12f96182" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(a)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Includes condensate.</div>
</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="b2c887e1c5924349ab073fa4fdd68355" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(b)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">After giving effect to our derivative instruments, the average sales price per Bbl of oil was $73.48 for year ended March 31, 2015. After giving effect to our derivative instruments, the average sales price per Bbl of oil was $93.33 for year ended March 31, 2014. We did not have a price swap agreement on our oil production for the years ended March 31, 2013.</div>
</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="8125e692840044e0acba04382ec8c8d0" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(c)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Includes natural gas products.</div>
</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="a3c93dfb49674016bc6a1b5caadd3b82" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(d)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Oil production is converted to equivalent mcf at the rate of 6 mcf per bbl, representing the estimated relative energy content of natural gas to oil.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 3. LEGAL PROCEEDINGS</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We may, from time to time, be involved in litigation and claims arising out of our operations in the normal course of business. We are not aware of any legal or governmental proceedings against us, or contemplated to be brought against us, under various environmental protection statutes or other regulations to which we are subject.</div>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 4. MINE SAFETY DISCLOSURES</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Not applicable.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">24</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><u>PART II</u></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="6f9d1682a1894fe9bf03a05ee78b86c8" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 45pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 5.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">MARKET FOR REGISTRANT&#8217;S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Market Information</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">In September 2003, our common stock began trading on the NYSE MKT, formerly the American Stock Exchange, under the symbol &#8220;MXC&#8221;. Prior to September 2003, the Company&#8217;s common stock was traded on the over-the-counter bulletin board market under the symbol &#8220;MEXC&#8221;. The registrar and transfer agent is Computershare Trust Company N.A., 250 Royall Street, Canton, Massachusetts, 02021 (Tel: 800-962-4284). The following table sets forth certain information as to the high and low sales price quoted for Mexco&#8217;s common stock on the NYSE MKT.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="d662b7fdfd6e42b087abf4a90efc6e70" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">High</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Low</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">2015:</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 7%; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">April - June 2014</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">10.05</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.44</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 7%; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">July - September 2014</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">8.25</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.53</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 7%; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">October - December 2014</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">7.02</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5.43</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 7%; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">January - March 2015</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5.90</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4.31</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">2014:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 7%; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">April - June 2013</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.41</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5.42</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 7%; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">July - September 2013</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">8.10</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5.30</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 7%; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">October - December 2013</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">8.50</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.30</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 7%; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">January - March 2014</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">10.10</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.61</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">On June 16, 2015, the closing sales price of our common stock on the NYSE MKT was $4.54 per share.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Stockholders</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">As of March 31, 2015, we had approximately 2,104,266 shares issued and 907 shareholders of record which does not include shareholders for whom shares are held in a &#8220;nominee&#8221; or &#8220;street&#8221; name.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Dividends</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We have never declared or paid any cash dividends on our common stock. We currently intend to retain future earnings and other cash resources, if any, for the operation and development of our business and do not anticipate paying any cash dividends on our common stock in the foreseeable future. Payment of any future dividends will be at the discretion of our Board of Directors after taking into account many factors, including our financial condition, operating results, current and anticipated cash needs and plans for expansion. In addition, our current bank loan prohibits us from paying cash dividends on our common stock. Any future dividends may also be restricted by any loan agreements which we may enter into from time to time.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Securities Authorized for Issuance Under Compensation Plans</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The following table includes certain information about our Employee Incentive Stock Plan as of March 31, 2015, which has been approved by our stockholders.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="6542475106ae4ef7a301427cd3fb01f0" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 39px">
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Number of Shares Authorized for Issuance under Plan</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Number of Shares to be Issued upon Exercise of Outstanding Options</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Weighted Average Exercise Price of Outstanding Options</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Number of Shares Remaining Available for Future Issuance under Plan</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2009 Plan</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">200,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">153,600</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.52</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">45,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">Total</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">200,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">153,600</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.52</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">45,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">25</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Issuer Repurchases</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">In June 2014, the Board of Directors authorized the use of up to $250,000 to repurchase shares of our common stock for the treasury account. This program does not have an expiration date. Under the repurchase program, shares of common stock may be purchased from time to time through open market purchases or other transactions. The amount and timing of repurchases will be subject to the availability of stock, prevailing market conditions, the trading price of the stock, our financial performance and other conditions. Repurchases may also be made from time-to-time in connection with the settlement of our share-based compensation awards. Repurchases will be funded from cash flow from operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The following table provides information related to repurchases of our common stock for the treasury account during the year ended March 31, 2015:</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="39a21eeeefbe4a00b1f60776cf8ab37a" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 41%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt" valign="bottom"></td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; PADDING-LEFT: 9pt" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Total Number</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">of Shares</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Purchased</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Average</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Price Paid</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">per Share</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Total Number of Shares Purchased as Part of Publicly Announced Program</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Approximate Dollar Value of Shares that May Yet be Purchased Under the Program (1)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 41%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5.01</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">244,991</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="5750ad5dcedd42948790fd1323c50a8c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(1)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The program authorizing the use of up to $250,000 to repurchase shares of our common stock for the treasury account was approved by the board of directors on June 29, 2012 and does not have an expiration date. As of March 31, 2015, 1,000 shares of Mexco&#8217;s common stock have been purchased for a total of $5,009.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">During the fiscal year ended March 31, 2015, we repurchased 1,000 shares for the treasury at an aggregate cost of $5,009. There were no shares of our common stock repurchased for the treasury account during fiscal 2014. During the fiscal year ended March 31, 2013, we repurchased 2,833 shares at an aggregate cost of $15,547.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Not applicable.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">ITEM 7. MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The following discussion is intended to provide information relevant to an understanding of our financial condition, changes in our financial condition and our results of operations and cash flows and should be read in conjunction with our consolidated financial statements and notes thereto included elsewhere in this Form 10-K.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Liquidity and Capital Resources and Commitments</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Historically, we have funded our operations, acquisitions, exploration and development expenditures from cash generated by operating activities, bank borrowings and issuance of common stock. Our primary financial resource is our base of oil and gas reserves. We pledge our producing oil and gas properties to secure our revolving line of credit. We do not have any delivery commitments to provide a fixed and determinable quantity of our oil and gas under any existing contract or agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our long term strategy is on increasing profit margins while concentrating on obtaining reserves with low cost operations by acquiring and developing oil and gas properties with potential for long-lived production. We focus our efforts on the acquisition of royalties and working interest, non-operated properties in areas with significant development potential.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">For the year ending March 31, 2015, cash flow from operations was $1,176,979, a 35% decrease when compared to the corresponding period of fiscal 2014. Net cash of $3,525,000 was provided by the line of credit; net cash of $4,774,705 was used for activity associated with oil and gas properties and other property and equipment; and cash of $57,089 was provided by settlement of derivatives. Accordingly, net cash decreased $59,998.</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">26</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We had working capital of $166,650 as of March 31, 2015 compared to working capital of $522,216 as of March 31, 2014, a decrease of $355,566 for the reasons set forth below.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Acquisitions</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Effective August 2014, Mexco purchased various royalty interests for $200,000 covering 43 wells in 12 counties of eight states. Of these oil and gas reserves, approximately 54% are in Texas and 10% in Lousiana where there is acreage available for further development by horizontal drilling and fracturing. These royalty interests are free of expenses to Mexco for drilling and operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Effective September 2014, Mexco purchased various royalty interests ranging from .0018% to 1.1% revenue interests at a price of $580,000 covering approximately 580 wells in 87 counties of eight states. Of this oil and gas production, virtually all is natural gas. Mexco believes that there is potential for further development of several of these royalties. These royalty interests are free of expenses to Mexco for drilling and operations. Approximately 90% of the net revenue from these royalties is produced by 157 wells located in the Barnett Shale of the Fort Worth Basin of Texas. Also included are interests in 423 wells in Alabama, Arkansas, Kansas, Louisiana, Mississippi, North Dakota, Oklahoma and Texas.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Effective October 2014, Mexco purchased for $525,000 long lived non-operated working interests of 12.5% (approximately 10% net revenue interest). Six wells are producing oil from the Lower Tubb formation in Pecos County, Texas. These wells are on 20-acre spacing with four additional proven undeveloped locations at approximately 3,600 foot depth on the 190 acres. The operator has agreed to pay for the drilling and completion costs of one additional well and fracture treatment of one of the existing wells, as well as pay all operating expenses of all wells on these leases. In addition, Mexco will receive 100% of the gross disposal fees from one disposal well located on these properties paid by an adjacent operator. Mexco would be responsible for payment of the cost of drilling and completion on the balance of any development wells.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Effective October 2014, Mexco purchased various royalty interests at a price of $1,000,000 covering approximately 1,800 wells in 27 counties of Texas. Of these oil and gas reserves, approximately 80% is natural gas and 20% oil. Mexco believes that there is potential for further development of a number of these royalties especially through horizontal drilling and fracturing. These royalty interests are free of expenses to Mexco for drilling and operations. Approximately 15% of the net revenue from these royalties comes from 237 wells located in Reagan County, Texas. Also included are interests in 21 wells in Glasscock County, Texas. Both of these counties are in the horizontal Spraberry Wolfcamp trend. The second largest source of net income is in Webb County, Texas from 202 wells producing 13.5 % of net income. Royalties in Karnes County, Texas amount to approximately 5% of net revenue from interests in 30 wells. Both Karnes and Webb counties are in the Eagle Ford trend.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Effective November 2014, Mexco purchased various long-lived non-operated working interests at a price of $840,000 covering 70 wells in 5 counties of Oklahoma.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">During fiscal year 2015, total oil and gas drilling and development expenditures were approximately $1,750,000 of which 49% were in Texas and 51% were in New Mexico. We participated in 57 gross (.50 net) wells of which 17 gross (.20 net) wells were in Texas and 40 gross (.30 net) wells were in New Mexico. Of these wells all were development - 28 were horizontal and 29 vertical wells.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The Company currently expects to participate in the drilling and completion of 19 horizontal wells and 1 vertical disposal well at an estimated aggregate cost of approximately $954,000 for the fiscal year ended March 31, 2016. Of these estimated expenditures 23% have been paid to date. The operators of these wells include Apache Corporation, Bold Energy III, LLC, Concho Resources, Inc., Endurance Resources, LLC, QEP Resources, Inc., XTO Energy, Inc. and others. Approximately 74% of these expenditures are planned to be in Lea County, New Mexico. Mexco expects additional development in the Bone Springs-Wolfcamp area of Lea County because of greater pore space, permeability and consequent profitability compared to many other producing areas.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">27</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">At March 31, 2015, we reported estimated proved undeveloped reserves (&#8220;PUDs&#8221;) of 3.96 bcfe, which accounted for 39% of our total estimated proved oil and gas reserves. This figure primarily consists of a projected 73 new wells, six (6) of which we operate, and one new zone behind pipe from a currently producing wellbore that we also operate. We project five (5) operated wells to be drilled in fiscal 2016 with the one remaining in fiscal 2017. Regarding the remaining 67 PUD locations operated by others, twelve (12) wells currently are being drilled and two (2) locations currently are being prepared to drill with plans for eighteen (18) wells to follow in 2016, 27 wells in 2017, seven (7) wells in 2018 and four (4) wells in 2019.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We are participating in other projects and are reviewing projects in which we may participate. The cost of such projects would be funded, to the extent possible, from existing cash balances and cash flow from operations. The remainder may be funded through borrowings on the credit facility and, if appropriate, sales of our common stock. See Note 5 of Notes to Consolidated Financial Statements for a description of our revolving credit agreement with Bank of America, N.A.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Crude oil and natural gas prices have fluctuated significantly in recent years. Lower product prices reduce our cash flow from operations and diminish the present value of our oil and gas reserves. Lower product prices also offer us less incentive to assume the drilling risks that are inherent in our business. The volatility of the energy markets makes it extremely difficult to predict future oil and natural gas price movements with any certainty. For example in the last twelve months, the West Texas Intermediate (&#8220;WTI&#8221;) posted price for crude oil has ranged from a low of $44.00 per bbl in March 2015 to a high of $103.75 per bbl in June 2014. The Henry Hub Spot Market Price (&#8220;Henry Hub&#8221;) for natural gas has ranged from a low of $2.62 per MMBtu in February 2015 to a high of $4.81 per MMBtu in April 2014. On March 31, 2015 the WTI posted price for crude oil was $44.00 per bbl and the Henry Hub spot price for natural gas was $2.65 per MMBtu. Management is of the opinion that cash flow from operations and funds available from financing may be sufficient to provide adequate liquidity for the next fiscal year.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Results of Operations</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Fiscal 2015 Compared to Fiscal 2014</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We had a net loss of $340,986 for the year ended March 31, 2015 compared to net income of $301,113 for the year ended March 31, 2014.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Oil and gas sales.</font> Revenue from oil and gas sales was $3,336,826 for the year ended March 31, 2015, a 16% decrease from $3,994,295 for the year ended March 31, 2014. This resulted from a decrease in oil and gas prices partially offset by an increase in oil and gas production. The following table sets forth our oil and gas revenues, production quantities and average prices received during the fiscal years ended March 31:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="5bd4e5674c4841baa04347adf37cf22f" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">% Difference</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Oil:</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Revenue</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,069,806</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,591,619</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(20.1%)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Volume (bbls)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">29,557</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">27,186</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">8.7%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Average Price (per bbl) <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(a)</font></div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">70.03</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">95.33</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(26.5%)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Gas:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Revenue</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,267,020</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,402,676</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(9.7%)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Volume (mcf)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">369,034</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">361,652</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2.0%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Average Price (per mcf)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3.43</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3.88</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(11.6%)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="13aada67beff46d7be2385ef25a31845" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(a)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">After giving effect to our derivative instruments, the average sales price per Bbl of oil was $73.48 for year ended March 31, 2015. After giving effect to our derivative instruments, the average sales price per Bbl of oil was $93.33 for year ended March 31, 2014.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Production and exploration.</font> Production costs were $1,300,820 in fiscal 2015, a 6% increase from $1,231,814 in fiscal 2014. This was the result of an increase in lease operating expenses resulting from acquisitions of working interests of non-operated properties partially offset by a decrease in production taxes due to the decrease in oil and gas revenue.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">28</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Depreciation, depletion and amortization. </font>Depreciation, depletion and amortization (&#8220;DD&amp;A&#8221;) expense was $1,362,862 in fiscal 2015, an 18% increase from $1,151,482 in fiscal 2014. This was due to an increase in oil and gas production and an increase in the full cost pool partially offset by an increase in oil and gas reserves.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">General and administrative expenses.</font> General and administrative expenses were $1,239,750 for the year ended March 31, 2015, a 9% increase from $1,136,939 for the year ended March 31, 2014. This was primarily due to an increase in accounting, salary and insurance expenses.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Interest expense.</font> Interest expense was $99,240 in fiscal 2015, a 52% increase from $65,387 in fiscal 2014, due to an increase in borrowings.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Derivatives. </font>Derivative realized gains of $102,069 were recorded during the year ended March 31, 2015 resulting from our oil swap agreement. This compared to derivative losses of $99,262 recorded during the year ended March 31, 2014 ($54,281 of realized losses and $44,981 of unrealized losses.)</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Income taxes.</font> There was an income tax benefit of $197,499 in fiscal 2015 compared to an income tax expense of $11,750 in fiscal 2014. The effective tax rate for fiscal 2015 was (37%) compared to 4% for fiscal 2014.</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Fiscal 2014 Compared to Fiscal 2013</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We had a net income of $301,113 for the year ended March 31, 2014 compared to a net loss of $176,374 for the year ended March 31, 2013.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Oil and gas sales.</font> Revenue from oil and gas sales was $3,994,295 for the year ended March 31, 2014, a 30% increase from $3,063,707 for the year ended March 31, 2013. This resulted from an increase in oil production and an increase in oil and gas prices partially offset by a decrease in gas production. The following table sets forth our oil and gas revenues, production quantities and average prices received during the fiscal years ended March 31:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="3bc841c57b33409eb17f0aa21de61a52" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">% Difference</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Oil:</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Revenue</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,591,619</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,961,766</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">32.1%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Volume (bbls)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">27,186</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">23,260</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">16.9%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Average Price (per bbl) <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(a)</font></div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">95.33</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">84.34</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">13.0%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Gas:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Revenue</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,402,676</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,101,941</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">27.3%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Volume (mcf)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">361,652</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">401,077</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(9.8%)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Average Price (per mcf)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3.88</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2.75</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">41.1%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="9ddcf88ca27f48e9911cbca7c83e81c3" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(a)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">After giving effect to our derivative instruments, the average sales price per Bbl of oil was $93.33 for year ended March 31, 2014. We did not have a price swap agreement on our oil production for the year ended March 31, 2013.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Production and exploration.</font> Production costs were $1,231,814 in fiscal 2014, a 14% increase from $1,082,043 in fiscal 2013. This was primarily the result of an increase in taxes related to an increase in sales, and fiscal 2014 includes twelve months of costs from the TBO wells compared to 3 months in fiscal 2013.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Depreciation, depletion and amortization. </font>Depreciation, depletion and amortization (&#8220;DD&amp;A&#8221;) expense was $1,151,482 in fiscal 2014, a 5% increase from $1,100,425 in fiscal 2013. This was due to an increase in oil production and a decrease in gas reserves partially offset by a decrease in gas production and an increase in oil reserves.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">General and administrative expenses.</font> General and administrative expenses were $1,136,939 for the year ended March 31, 2014, an 11% increase from $1,028,846 for the year ended March 31, 2013. This was primarily due to an increase in engineering services, insurance, salaries and stock option compensation expense.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Interest expense.</font> Interest expense was $65,387 in fiscal 2014, a 21% increase from $53,832 in fiscal 2013, due to an increase in borrowings.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">29</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Derivatives. </font>Derivative losses of $99,262 were recorded during the year ended March 31, 2014. This amount reflects $54,281 of realized losses and $44,981 of unrealized losses resulting from our oil swap agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Income taxes.</font> There was an income tax expense of $11,750 in fiscal 2014 compared to an income tax benefit of $31,504 in fiscal 2013. The effective tax rate for fiscal 2014 was 4% compared to (15%) for fiscal 2013.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Contractual Obligations</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We have no off-balance sheet debt or unrecorded obligations and have not guaranteed the debt of any other party. The following table summarizes future payments we are obligated to make based on agreements in place as of March 31, 2015:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="c81e5934dbe1444a987460d024c3293d" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="14">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Payments due in:</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Total</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">less than 1 year</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">1 - 3 years</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">over 3 years</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Contractual obligations:</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 18pt; LINE-HEIGHT: 1.15">Secured bank line of credit <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(1)</font></div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,950,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,950,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 18pt; LINE-HEIGHT: 1.15">Leases <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(2)</font></div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">27,860</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">23,440</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4,420</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="89d1995d450d45a38014452545632784" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(1)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">These amounts represent the balances outstanding under the bank line of credit. These repayments assume that interest will be paid on a monthly basis, no additional funds will be drawn and does not include estimated interest of $159,326 less than 1 year, $477,978 1-3 years and $265,544 over 3 years.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="9106f9f445cd499881f06e2756016b98" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(2)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The lease amount represents the monthly rent amount for our principal office space in Midland, Texas under one three year lease agreement effective April 1, 2013 and a second three year lease agreement effective April 1, 2014. The total obligation for the remainder of the leases is $37,100 which includes $9,240 billed to and reimbursed by our majority shareholder for his portion of the shared office space.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Alternative Capital Resources</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Although we have primarily used cash from operating activities and funding from the line of credit as our primary capital resources, we have in the past, and could in the future, use alternative capital resources. These could include joint ventures, carried working interests and the sale of assets and/or issuances of common stock through a private placement or public offering of our common stock.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Other Matters</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Critical Accounting Policies and Estimates</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">In preparing financial statements, management makes informed judgments, estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and affect the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management reviews its estimates, including those related to litigation, environmental liabilities, income taxes, fair value and determination of proved reserves. Changes in facts and circumstances may result in revised estimates and actual results may differ from these estimates.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The following represents those policies that management believes are particularly important to the financial statements and that require the use of estimates and assumptions to describe matters that are inherently uncertain.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Full Cost Method of Accounting for Crude Oil and Natural Gas Activities</font>. SEC Regulation S-X defines the financial accounting and reporting standards for companies engaged in crude oil and natural gas activities. Two methods are prescribed: the successful efforts method and the full cost method. We have chosen to follow the full cost method under which all costs associated with property acquisition, exploration and development are capitalized. We also capitalize internal costs that can be directly identified with acquisition, exploration and development activities and do not include any costs related to production, general corporate overhead or similar activities. The carrying amount of oil and gas properties also includes estimated asset retirement costs recorded based on the fair value of the asset retirement obligation ("ARO") when incurred.</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">30</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Gain or loss on the sale or other disposition of oil and gas properties is not recognized, unless the gain or loss would significantly alter the relationship between capitalized costs and proved reserves of oil and natural gas attributable to a country. Under the successful efforts method, geological and geophysical costs and costs of carrying and retaining undeveloped properties are charged to expense as incurred. Costs of drilling exploratory wells that do not result in proved reserves are charged to expense. Depreciation, depletion, amortization and impairment of crude oil and natural gas properties are generally calculated on a well by well or lease or field basis versus the "full cost" pool basis. Additionally, gain or loss is generally recognized on all sales of crude oil and natural gas properties under the successful efforts method. As a result our financial statements will differ from companies that apply the successful efforts method since we will generally reflect a higher level of capitalized costs as well as a higher DD&amp;A rate on our crude oil and natural gas properties.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">At the time it was adopted, management believed that the full cost method would be preferable, as earnings tend to be less volatile than under the successful efforts method. However, the full cost method makes us more susceptible to significant non-cash charges during times of volatile commodity prices because the full cost pool may be impaired when prices are low. These charges are not recoverable when prices return to higher levels. Our crude oil and natural gas reserves have a relatively long life. However, temporary drops in commodity prices can have a material impact on our business including impact from the full cost method of accounting.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Ceiling Test</font>. Companies that use the full cost method of accounting for oil and gas exploration and development activities are required to perform a ceiling test each quarter. The full cost ceiling test is an impairment test to determine a limit, or ceiling, on the book value of oil and gas properties. That limit is basically the after tax present value of the future net cash flows from proved crude oil and natural gas reserves plus the lower of cost or fair market value of unproved properties. If net capitalized costs of crude oil and natural gas properties exceed the ceiling limit, we must charge the amount of the excess to earnings. This is called a "ceiling limitation write-down." This charge does not impact cash flow from operating activities, but does reduce our stockholders' equity and reported earnings.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The risk that we will be required to write down the carrying value of crude oil and natural gas properties increases when crude oil and natural gas prices are depressed or volatile. In addition, write-downs may occur if we experience substantial downward adjustments to our estimated proved reserves or if purchasers cancel long-term contracts for natural gas production. An expense recorded in one period may not be reversed in a subsequent period even though higher crude oil and natural gas prices may have increased the ceiling applicable to the subsequent period.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Estimates of our proved reserves are based on the quantities of oil and gas that engineering and geological analysis demonstrates, with reasonable certainty, to be recoverable from established reservoirs in the future under current operating and economic parameters. Our reserve estimates and the projected cash flows are derived from these reserve estimates, in accordance with SEC guidelines by an independent engineering firm based in part on data provided by us. The accuracy of a reserve estimate is a function of the quality and quantity of available data, the interpretation of that data, the accuracy of various mandated economic assumptions, and the judgment of the persons preparing the estimate. Estimates prepared by other third parties may be higher or lower than those included herein. Because these estimates depend on many assumptions, all of which may substantially differ from future actual results, reserve estimates will be different from the quantities of oil and gas that are ultimately recovered. In addition, results of drilling, testing and production after the date of an estimate may justify material revisions to the estimate.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">It should not be assumed that the present value of future net cash flows is the current market value of our estimated proved reserves. In accordance with SEC requirements, the cost ceiling represents the present value (discounted at 10%) of net cash flows from sales of future production using the average price over the prior 12-month period.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The estimates of proved reserves materially impact DD&amp;A expense. If the estimates of proved reserves decline, the rate at which we record DD&amp;A expense will increase, reducing future net income. Such a decline may result from lower market prices, which may make it uneconomic to drill for and produce higher cost projects.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">31</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Use of Estimates</font>. In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make informed judgments, estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and affect the reported amounts of revenues and expenses during the reporting period. In addition, significant estimates are used in determining year end proved oil and gas reserves. Although management believes its estimates and assumptions are reasonable, actual results may differ materially from those estimates. The estimate of our oil and natural gas reserves, which is used to compute DD&amp;A and impairment of oil and gas properties, is the most significant of the estimates and assumptions that affect these reported results.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Excluded Costs</font>. Oil and gas properties include costs that are excluded from capitalized costs being amortized. These amounts represent investments in unproved properties and major development projects. These costs are excluded until proved reserves are found or until it is determined that the costs are impaired. All costs excluded are reviewed at least quarterly to determine if impairment has occurred. The amount of any impairment is transferred to the capitalized costs being amortized (the DD&amp;A pool). Impairments transferred to the DD&amp;A pool increase the DD&amp;A rate.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Revenue Recognition</font>. We recognize crude oil and natural gas revenue from our interest in producing wells as crude oil and natural gas are sold from those wells, net of royalties. We utilize the sales method to account for gas production volume imbalances. Under this method, income is recorded based on our net revenue interest in production taken for delivery.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Asset Retirement Obligations</font>. The estimated costs of plugging, restoration and removal of facilities are accrued. The fair value of a liability for an asset's retirement obligation is recorded in the period in which it is incurred and the corresponding cost capitalized by increasing the carrying amount of the related long-lived asset. The liability is accreted to its then present value each period, and the capitalized cost is depreciated by the units of production method. If the liability is settled for an amount other than the recorded amount, a gain or loss is recognized. For all periods presented, we have included estimated future costs of abandonment and dismantlement in the full cost amortization base and amortize these costs as a component of our depletion expense.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Derivatives.</font> The Company uses price swap contracts to reduce price volatility associated with certain of its oil sales. All derivative financial instruments are recorded at fair value on the balance sheet as either assets or liabilities. The Company has not designated its derivative instruments as hedges for accounting purposes and, as a result, marks its derivative instruments to fair value and recognizes the realized and unrealized changes in fair value in the Consolidated Statements of Operations under the caption &#8220;Gain (loss) on derivative instruments.&#8221;</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Gas Balancing</font>. Gas imbalances are accounted for under the sales method whereby revenues are recognized based on production sold. A liability is recorded when our excess takes of natural gas volumes exceed our estimated remaining recoverable reserves (over produced). No receivables are recorded for those wells where Mexco has taken less than its ownership share of gas production (under produced).</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Stock-based Compensation</font>. We use the Binomial option pricing model to estimate the fair value of stock based compensation expenses at grant date. This expense is recognized as compensation expense in our financial statements over the vesting period. We recognize the fair value of stock based compensation awards as wages in the Consolidated Statements of Operations based on a graded-vesting schedule over the vesting period.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Accounts Receivable.</font> Our accounts receivable include trade receivables from joint interest owners and oil and gas purchasers. Credit is extended based on an evaluation of a customer's financial condition and, generally, is uncollateralized. Accounts receivable under joint operating agreements have a right of offset against future oil and gas revenues if a producing well is completed. The collectability of receivables is assessed and an allowance is made for any doubtful accounts. The allowance for doubtful accounts is determined based on our previous loss history.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">32</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Income Taxes</font>. The Company recognizes deferred tax assets and liabilities for future tax consequences of temporary differences between the carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates applicable to the years in which those differences are expected to be settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in net income in the period that includes the enactment date. Any interest and penalties are recorded as interest expense and general and administrative expense, respectively.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Other Property and Equipment</font>. Provisions for depreciation of office furniture and equipment are computed on the straight-line method based on estimated useful lives of three to ten years.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Recent Accounting Pronouncements. </font>In May 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) No. 2014-09, Topic 606: Revenue from Contracts with Customers. ASU No. 2014-09 is effective for Mexco as of April 1, 2017. Management is evaluating the effect, if any this pronouncement will have on our consolidated financial statements.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The primary source of market risk for us includes fluctuations in commodity prices and interest rates. All of our financial instruments are for purposes other than trading.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Interest Rate Risk.</font> On March 31, 2015, we had an outstanding loan balance of $5,950,000 under our $6.3 million revolving credit agreement, which bears interest at an annual rate equal to the British Bankers Association London Interbank Offered Rate ("BBA LIBOR") daily floating rate, plus 2.5 percentage points. If the interest rate on our bank debt increases or decreases by one percentage point our annual pretax income would change by $59,500 based on borrowings at March 31, 2015.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Credit Risk.</font> Credit risk is the risk of loss as a result of nonperformance by other parties of their contractual obligations. Our primary credit risk is related to oil and gas production sold to various purchasers and the receivables are generally not collateralized. At March 31, 2015, our largest credit risk associated with any single purchaser was $74,392 or 19% of our total oil and gas receivables. We are also exposed to credit risk in the event of nonperformance from any of our working interest co-owners. At March 31, 2015, our largest credit risk associated with any working interest co-owner was $14,485 or 22% of our total trade receivables. We have not experienced any significant credit losses.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Energy Price Risk</font>. Our most significant market risk is the pricing for natural gas and crude oil. Our financial condition, results of operations, and capital resources are highly dependent upon the prevailing market prices of, and demand for, oil and natural gas. Prices for oil and natural gas fluctuate widely. We cannot predict future oil and natural gas prices with any certainty. Historically, the markets for oil and gas have been volatile, and they are likely to continue to be volatile. Factors that can cause price fluctuations include the level of global demand for petroleum products, foreign supply of oil and gas, the establishment of and compliance with production quotas by oil-exporting countries, weather conditions, the price and availability of alternative fuels and overall political and economic conditions in oil producing countries.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Declines in oil and natural gas prices will materially adversely affect our financial condition, liquidity, ability to obtain financing and operating results. Changes in oil and gas prices impact both estimated future net revenue and the estimated quantity of proved reserves. Any reduction in reserves, including reductions due to price fluctuations, can reduce the borrowing base under our revolving credit facility and adversely affect the amount of cash flow available for capital expenditures and our ability to obtain additional capital for our acquisition, exploration and development activities. In addition, a noncash write-down of our oil and gas properties could be required under full cost accounting rules if prices declined significantly, even if it is only for a short period of time. See Critical Accounting Policies and Estimates &#8212; Ceiling Test under Item 7 of this report on Form 10-K. Lower prices may also reduce the amount of crude oil and natural gas that can be produced economically. Thus, we may experience material increases or decreases in reserve quantities solely as a result of price changes and not as a result of drilling or well performance.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">33</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Similarly, any improvements in oil and gas prices can have a favorable impact on our financial condition, results of operations and capital resources. Oil and natural gas prices do not necessarily fluctuate in direct relationship to each other. Our financial results are more sensitive to movements in natural gas prices than oil prices because most of our reserves are natural gas. If the average oil price had increased or decreased by five dollars per barrel for fiscal 2015, our oil and gas revenue would have changed by $147,785. If the average gas price had increased or decreased by one dollar per mcf for fiscal 2015, oil and gas revenue would have changed by $369,034.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The information required by this item appears on pages F1 through F20 hereof and are incorporated herein by reference.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">None.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 9A. CONTROLS AND PROCEDURES</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Management&#8217;s Annual Report on Internal Control over Financial Reporting. </font>The management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting as such term is defined in Exchange Act Rule 13a-15(f) and 15d-15(f). The Company's internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the consolidated financial statements. Our internal control over financial reporting is supported by appropriate reviews by management, written policies and guidelines, careful selection and training of qualified personnel, and a written Code of Conduct adopted by our Board of Directors, applicable to all directors, officers and employees of Mexco.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Our chief executive officer and chief financial officer assessed the effectiveness our internal control over financial reporting using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in the 2013 &#8220;Internal Control - Integrated Framework&#8221;.<font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">&#160;</font>Based upon that evaluation, our chief executive officer and chief financial officer concluded that our internal control over financial reporting was effective as of March 31, 2015.</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Evaluation of Disclosure Controls and Procedures. </font>We maintain disclosure controls and procedures to ensure that the information we must disclose in our filings with the SEC is recorded, processed, summarized and reported on a timely basis. At the end of the period covered by this report, our principal executive officer and principal financial officer reviewed and evaluated the effectiveness of our disclosure controls and procedures, as defined in Exchange Act Rule 13a-15(e). Based on such evaluation, such officers concluded that, as of March 31, 2015, our disclosure controls and procedures were effective.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Changes in Internal Control over Financial Reporting. </font>No changes in the Company&#8217;s internal control over financial reporting occurred during the year ended March 31, 2015 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 9B. OTHER INFORMATION</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">None</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">34</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><u>PART III</u></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">See "Mexco Energy Corporation Board of Directors&#8221;, &#8220;Named Executive Officers Who Are Not Directors&#8221;, &#8220;Section&#160;16(a) Beneficial Ownership Reporting Compliance&#8221;, &#8220;Corporate Governance and Code of Business Conduct&#8221; and &#8220;Meetings and Committees of the Board of Directors&#8221; in the Proxy Statement of Mexco Energy Corporation for our Annual Meeting of Stockholders to be held September 15, 2015 (&#8220;Proxy Statement&#8221;) to be filed with the SEC within 120&#160;days after the end of our fiscal year ended March 31, 2015, which is incorporated herein by reference.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The information required by this item with respect to executive officers of the Company is also set forth in Part I of this report.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 11. EXECUTIVE COMPENSATION</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The information required by this item will be contained in the Proxy Statement under the caption &#8220;Executive Compensation&#8221;, and is hereby incorporated herein by reference.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The information required by this item will be contained in the Proxy Statement under the captions &#8220;Security Ownership of Certain Beneficial Owners and Management&#8221; and &#8220;Employee Incentive Stock Option Plans&#8221;, and is hereby incorporated herein by reference.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The information required by this item will be contained in the Proxy Statement under the captions &#8220;Certain Relationships and Related Transactions&#8221; and &#8220;Meetings and Committees of the Board of Directors&#8221;, and is hereby incorporated by reference herein.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The information required by this item will be contained in the Proxy Statement under the caption &#8220;Audit Fees and Services&#8221;, and is hereby incorporated by reference herein.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><u>PART IV</u></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Consolidated Financial Statements. </font>For a list of the consolidated financial statements filed as part of this Form 10-K, see the &#8220;Index to Consolidated Financial Statements&#8221; set forth on page F1 of this report.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Financial Statement Schedules. </font>All schedules have been omitted because they are not applicable, not required under the instructions or the information requested is set forth in the consolidated financial statements or related notes thereto.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Exhibits. </font>For a list of the exhibits required by this Item and accompanying this Form 10-K see the &#8220;Index to Exhibits&#8221; set forth on page F21 of this report.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">35</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">SIGNATURES</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="d78e144b09a64c849b6ca02492ce89de" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px"></td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">/s/ Tamala L. McComic</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px"></td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top"></td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">President and Chief Financial Officer</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top"></td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Dated: June 25, 2015</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below as of June 25, 2015, by the following persons on behalf of the Registrant and in the capacity indicated.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="646953963e8947e9bc6417816697db03" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">/s/</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Chief Executive Officer, Chairman of the Board of Directors</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">/s/</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Tamala L. McComic</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Tamala L. McComic</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Chief Financial Officer, President, Treasurer and Assistant Secretary</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">/s/</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Michael J. Banschbach</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Michael J. Banschbach</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Director</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">/s/</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Kenneth L. Clayton</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Kenneth L. Clayton</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Director</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">/s/</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Thomas R. Craddick</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Thomas R. Craddick</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Director</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">/s/</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Paul G. Hines</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Paul G. Hines</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Director</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">/s/</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Christopher M. Schroeder</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Christopher M. Schroeder</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Director</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">36</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Glossary of Abbreviations and Terms</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The following are abbreviations and definitions of terms commonly used in the oil and gas industry and this report.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">BBA LIBOR. </font>British Bankers Association London Interbank Offered Rate. BBA Libor is the most widely used rate for short term interest rates worldwide.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Bbl</font>. One stock tank barrel, or 42 U.S. gallons of liquid volume, used herein in reference to crude oil, condensate or natural gas liquids hydrocarbons.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Bcf</font>. One billion cubic feet of natural gas at standard atmospheric conditions.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">BTU. </font>British thermal unit.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Completion</font>. The installation of permanent equipment for the production of oil or natural gas.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Condensate.</font> Liquid hydrocarbons associated with the production of a primarily natural gas reserve.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Credit Facility.</font> A line of credit provided by a bank or group of banks, secured by oil and gas properties.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">DD&amp;A.</font> Refers to depreciation, depletion and amortization of the Company&#8217;s property and equipment.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Developed acreage</font>. The number of acres which are allocated or assignable to producing wells or wells capable of production.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Development costs. </font>Capital costs incurred in the acquisition, exploitation and exploration of proved oil and natural gas reserves divided by proved reserve additions and revisions to proved reserves.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Development well</font>. A well drilled into a proved oil or natural gas reservoir to the depth of a stratigraphic horizon known to be productive.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Dry hole</font>. A well found to be incapable of producing hydrocarbons in sufficient quantities such that proceeds from the sale of such production exceed production expenses and taxes.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Exploration. </font>The search for natural accumulations of oil and natural gas by any geological, geophysical or other suitable means.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Exploratory well</font>. A well drilled to find and produce oil or natural gas reserves not classified as proved, to find a new reservoir in a field previously found to be productive of oil or natural gas in another reservoir or to extend a known reservoir.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Extensions and discoveries</font>. As to any period, the increases to proved reserves from all sources other than the acquisition of proved properties or revisions of previous estimates.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Field. </font>An area consisting of either a single reservoir or multiple reservoirs, all grouped on or related to the same individual geological structural feature and/or stratigraphic condition.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Formation. </font>A layer of rock which has distinct characteristics that differs from nearby rock.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Gross acres or wells. </font>Refers to the total acres or wells in which the Company owns any amount of working interest.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Lease.</font> An instrument which grants to another (the lessee) the exclusive right to enter and explore for, drill for, produce, store and remove oil and natural gas from the mineral interest, in consideration for which the lessor is entitled to certain rents and royalties payable under the terms of the lease. Typically, the duration of the lessee&#8217;s authorization is for a stated term of years and &#8220;for so long thereafter&#8221; as minerals are producing.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">37</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Mcf</font>. One thousand cubic feet of natural gas at standard atmospheric conditions.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Mcfe. </font>One thousand cubic feet equivalent of natural gas, calculated by converting oil to equivalent Mcf at a ratio of 6 Mcf for each Bbl of oil.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">MMBtu</font>. One million British thermal units of energy commonly used to measure heat value or energy content of natural gas.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Natural gas liquids ("NGLs")</font>. Liquid hydrocarbons that have been extracted from natural gas, such as ethane, propane, butane and natural gasoline.</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Net acres or wells. </font>Refers to gross acres or wells multiplied, in each case, by the percentage interest owned by the Company.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Net production</font>. Oil and gas production that is owned by the Company, less royalties and production due others.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Net revenue interest. </font>An owner&#8217;s interest in the revenues of a well after deducting proceeds allocated to royalty and overriding interests.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Oil</font>. Crude oil or condensate.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Operator</font>. The individual or company responsible for the exploration, development and production of an oil or natural gas well or lease.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Overriding royalty interest (&#8220;ORRI&#8221;). </font>A royalty interest that is created out of the operating or working interest. Its term is coextensive with that of the operating interest from which it was created.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Pay zone.&#160; </font>A geological deposit in which oil and natural gas is found in commercial quantities.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Plugging and abandonment. </font>Refers to the sealing off of fluids in the strata penetrated by a well so that the fluids from one stratum will not escape into another or to the surface. Regulations of all states require plugging of abandoned wells.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Productive well. </font>A well that is found to be capable of producing hydrocarbons in sufficient quantities such that proceeds from the sale of the production exceed operating and production expenses and taxes.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Prospect. </font>A specific geographic area which, based on supporting geological, geophysical or other data and also preliminary economic analysis using reasonably anticipated prices and costs, is deemed to have potential for the discovery of commercial hydrocarbons.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Proved developed nonproducing reserves ("PDNP")</font>. Reserves that consist of (i) proved reserves from wells which have been completed and tested but are not producing due to lack of market or minor completion problems which are expected to be corrected and (ii) proved reserves currently behind the pipe in existing wells and which are expected to be productive due to both the well log characteristics and analogous production in the immediate vicinity of the wells.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Proved developed producing reserves ("PDP").</font> Proved reserves that can be expected to be recovered from currently producing zones under the continuation of present operating methods.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Proved developed reserves.</font> The combination of proved developed producing and proved developed nonproducing reserves.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Proved reserves. </font>The estimated quantities of oil, natural gas, and natural gas liquids which geological and engineering data demonstrate with reasonable certainty to be commercially recoverable in future years from known reservoirs under existing economic and operating conditions.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Proved undeveloped reserves ("PUD")</font>. Proved reserves that are expected to be recovered from new wells on undrilled acreage or from existing wells where a relatively major expenditure is required for recompletion.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">38</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">PV-10. </font>When used with respect to oil and natural gas reserves, PV-10 means the estimated future gross revenue to be generated from the production of proved reserves, net of estimated production and future development and abandonment costs, using prices and costs in effect at the determination date, before income taxes, and without giving effect to non-property-related expenses except for specific general and administrative expenses incurred to operate the properties, discounted to a present value using an annual discount rate of 10%.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Recompletion. </font>A process of re-entering an existing wellbore that is either producing or not producing and completing new reservoirs in an attempt to establish or increase existing production.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Re-entry. </font>Entering an existing well bore to redrill or repair.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Reservoir. </font>A porous and permeable underground formation containing a natural accumulation of producible natural gas and/or oil that is confined by impermeable rock or water barriers and is separate from other reservoirs.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Royalty</font>. An interest in an oil and natural gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage, or of the proceeds of the sale thereof, but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage. Royalties may be either landowner&#8217;s royalties, which are reserved by the owner of the leased acreage at the time the lease is granted, or overriding royalties, which are usually reserved by an owner of the leasehold in connection with a transfer to a subsequent owner.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Shut in.&#160; </font>A well suspended from production or injection but not abandoned.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Spacing. </font>The distance between wells producing from the same reservoir. Spacing is often expressed in terms of acres (e.g., 640-acre spacing) and is often established by regulatory agencies.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Standardized measure of discounted future net cash flows</font>. The discounted future net cash flows relating to proved reserves based on prices used in estimating the reserves, year-end costs, and statutory tax rates, and a 10% annual discount rate. The information for this calculation is included in the note regarding disclosures about oil and gas reserve data contained in the Notes to Consolidated Financial Statements included in this Form 10-K.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Undeveloped acreage</font>. Leased acreage on which wells have not been drilled or completed to a point that would permit the production of commercial quantities of oil and natural gas regardless of whether such acreage contains proved reserves.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Unit. </font>The joining of all or substantially all interests in a reservoir or field, rather than a single tract, to provide for development and operation without regard to separate property interests. Also, the area covered by a unitization agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Wellbore. </font>The hole drilled by the bit that is equipped for crude oil or natural gas production on a completed well. Also called well or borehole.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Working interest</font>. An interest in an oil and gas lease that gives the owner of the interest the right to drill for and produce oil and natural gas on the leased acreage and requires the owner to pay a share of the costs of drilling and production operations. The share of production to which a working interest is entitled will be smaller than the share of costs that the working interest owner is required to bear to the extent of any royalty burden.</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">39</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">INDEX TO CONSOLIDATED FINANCIAL STATEMENTS</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="2bee34f9c9c1404aa71ed9fa1443f408" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 80%" cellspacing="0" cellpadding="4" align="center" border="0">
<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Report of Independent Registered Public Accounting Firm</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">F-2</div>
</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Consolidated Balance Sheets</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">F-3</div>
</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Consolidated Statements of Operations</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">F-4</div>
</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Consolidated Statements of Changes in Stockholders&#8217; Equity</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">F-5</div>
</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Consolidated Statements of Cash Flows</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">F-6</div>
</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Notes to Consolidated Financial Statements</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">F-7</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center">&#160;</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Report of Independent Registered Public Accounting Firm</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Board of Directors and Shareholders</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Mexco Energy Corporation</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We have audited the accompanying consolidated balance sheets of Mexco Energy Corporation (a Colorado corporation) and Subsidiaries (the &#8220;Company&#8221;) as of March 31, 2015 and 2014 and the related consolidated statements of operations, changes in stockholders&#8217; equity and cash flows for each of the three years in the period ended March 31, 2015. These financial statements are the responsibility of the Company&#8217;s management. Our responsibility is to express an opinion on these financial statements based on our audits.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Company&#8217;s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company&#8217;s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Mexco Energy Corporation and Subsidiaries as of March 31, 2015 and 2014, and the results of their operations and their cash flows for each of the three years in the period ended March 31, 2015, in conformity with accounting principles generally accepted in the United States of America.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">/s/ GRANT THORNTON LLP</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Wichita, Kansas</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">June 25, 2015</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-2</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<table id="0a6af61e47cd4cbea9c9237d9738ccd4" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="8">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Mexco Energy Corporation and Subsidiaries</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="8">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">CONSOLIDATED BALANCE SHEETS</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">March 31,</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">March 31,</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">ASSETS</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Current assets</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Cash and cash equivalents</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">96,084</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">156,082</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Accounts receivable:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 2%; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 18pt; LINE-HEIGHT: 1.15">Oil and gas sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">384,485</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">628,098</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 2%; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 18pt; LINE-HEIGHT: 1.15">Trade</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">64,584</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">18,144</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Prepaid costs and expenses</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">44,618</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">28,804</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 4%; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 27pt; LINE-HEIGHT: 1.15">Total current assets</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">589,771</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">831,128</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Property and equipment, at cost</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Oil and gas properties, using the full cost method</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">40,563,443</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">35,460,741</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Other</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">106,792</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">94,356</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Accumulated depreciation, depletion and amortization</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(19,838,036</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(18,475,174</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 4%; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 27pt; LINE-HEIGHT: 1.15">Property and equipment, net</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">20,832,199</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">17,079,923</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Other noncurrent assets</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">48,980</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">7,239</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; PADDING-LEFT: 4%; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 27pt; LINE-HEIGHT: 1.15">Total assets</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">21,470,950</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">17,918,290</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">LIABILITIES AND STOCKHOLDERS' EQUITY</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Current liabilities</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Accounts payable and accrued expenses</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">423,121</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">257,431</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Income tax payable</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6,500</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Derivative instruments</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">44,981</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 4%; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 27pt; LINE-HEIGHT: 1.15">Total current liabilities</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">423,121</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">308,912</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Long-term debt</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,950,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,425,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Asset retirement obligations</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,230,216</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">926,577</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Deferred income tax liabilities</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">660,870</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">858,449</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 4%; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 27pt; LINE-HEIGHT: 1.15">Total liabilities</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">8,264,207</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4,518,938</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Commitments and contingencies</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Stockholders' equity</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Preferred stock - $1.00 par value;</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 2%; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 27pt; LINE-HEIGHT: 1.15">10,000,000 shares authorized; none outstanding</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Common stock - $0.50 par value; 40,000,000 shares authorized;</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 2%; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 27pt; LINE-HEIGHT: 1.15">2,104,266 shares issued; 2,037,266 and 2,038,266 shares</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 2%; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 27pt; LINE-HEIGHT: 1.15">&#160;outstanding as of March 31, 2015 and 2014, respectively</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,052,133</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,052,133</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Additional paid-in capital</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">7,075,031</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6,921,645</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Retained earnings</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,425,580</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,766,566</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Treasury stock, at cost (67,000 and 66,000 shares, respectively)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(346,001</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(340,992</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total stockholders' equity</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">13,206,743</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">13,399,352</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">21,470,950</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">17,918,290</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">The accompanying notes to the consolidated financial statements</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">are an integral part of these statements.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-3</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<table id="652801659c794c549ded02b5e19fe8dc" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="12">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Mexco Energy Corporation and Subsidiaries</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="12">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">CONSOLIDATED STATEMENTS OF OPERATIONS</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="12">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Year ended March 31,</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 18pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 18pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Operating revenues:</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Oil and gas</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,336,826</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,994,295</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,063,707</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Other</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">53,179</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">47,646</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">32,708</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total operating revenues</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,390,005</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4,041,941</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,096,415</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Operating expenses:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Production</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,300,820</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,231,814</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,082,043</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Accretion of asset retirement obligation</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">27,932</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">44,366</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">39,376</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Depreciation, depletion and amortization</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,362,862</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,151,482</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,100,425</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">General and administrative</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,239,750</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,136,939</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,028,846</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total operating expenses</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,931,364</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,564,601</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,250,690</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Operating (loss) income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(541,359</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">477,340</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(154,275</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Other income (expenses):</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Interest income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">45</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">172</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">229</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Interest expense</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(99,240</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(65,387</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(53,832</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Gain (loss) on derivative instruments</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">102,069</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(99,262</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Net other income (expense)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,874</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(164,477</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(53,603</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">(Loss) earnings before provision for income taxes</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(538,485</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">312,863</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(207,878</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Income tax (benefit) expense:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Current</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6,500</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Deferred</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(197,499</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,250</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(31,504</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(197,499</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">11,750</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(31,504</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 24px">
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Net (loss) income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(340,986</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">301,113</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(176,374</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">(Loss) income per common share:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Basic:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(0.17</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(0.09</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Diluted:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(0.17</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(0.09</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Weighted average common shares outstanding:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Basic:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,038,250</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,036,950</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,036,959</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Diluted:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,038,250</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,042,184</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,036,959</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">The accompanying notes to the consolidated financial statements</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">are an integral part of these statements.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-4</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<table id="9684ae4676434ba9902f0d05f2d477d2" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="20">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Mexco Energy Corporation and Subsidiaries</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="20">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="20">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Years ended March 31, 2015, 2014 and 2013</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2"></td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2"></td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2"></td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2"></td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="2"></td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Common Stock Par Value</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Treasury</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Stock</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Additional</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Paid-In</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Capital</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Retained</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Earnings</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Total Stockholders&#8217; Equity</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Balance at April 1, 2012</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,049,558</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(325,445</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6,608,350</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,641,827</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">12,974,290</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">Net loss</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(176,374</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(176,374</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">Purchase of stock</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(15,547</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(15,547</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">Issuance of stock through</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 3%; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 18pt; LINE-HEIGHT: 1.15">options exercised</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,875</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">14,438</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">16,313</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">Stock based compensation</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">138,303</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">138,303</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Balance at March 31, 2013</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,051,433</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(340,992</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6,761,091</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,465,453</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">12,936,985</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">Net income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">301,113</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">301,113</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">Issuance of stock through</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 3%; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 18pt; LINE-HEIGHT: 1.15">options exercised</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">700</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">8,106</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">8,806</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">Stock based compensation</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">152,448</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">152,448</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Balance at March 31, 2014</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,052,133</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(340,992</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6,921,645</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,766,566</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">13,399,352</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">Net loss</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(340,986</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(340,986</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">Purchase of stock</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(5,009</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(5,009</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">Stock based compensation</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">153,386</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">153,386</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Balance at March 31, 2015</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,052,133</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(346,001</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">7,075,031</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,425,580</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">13,206,743</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">SHARE ACTIVITY</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Common stock shares, issued:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">At beginning of year</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,104,266</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,102,866</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,099,116</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 6%; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">Issued</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,400</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,750</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">At end of year</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,104,266</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,104,266</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,102,866</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom" colspan="4">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Common stock shares, held in treasury:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">At beginning of year</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(66,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(66,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(63,167</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 6%; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">Acquisitions</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(1,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(2,833</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">At end of year</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(67,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(66,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(66,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="4">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Common stock shares, outstanding</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 35%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt; LINE-HEIGHT: 1.15">At end of year</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,037,266</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,038,266</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,036,866</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">The accompanying notes to the consolidated financial statements</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">are an integral part of these statements.</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-5</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<table id="3a62246fc3d1465684efa5773995df92" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="12">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Mexco Energy Corporation and Subsidiaries</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="12">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">CONSOLIDATED STATEMENTS OF CASH FLOWS</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="12">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Year ended March 31,</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 45pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 45pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Cash flows from operating activities:</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Net (loss) income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(340,986</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">301,113</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(176,374</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Adjustments to reconcile net (loss) income to net cash</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 18pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">provided by operating activities:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 27pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Deferred income tax (benefit) expense</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(197,499</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,250</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(31,504</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 27pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Stock-based compensation</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">153,386</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">152,448</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">138,303</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 27pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Depreciation, depletion and amortization</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,362,862</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,151,482</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,100,425</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 27pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Accretion of asset retirement obligations</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">27,932</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">44,366</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">39,376</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 27pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(Gain) loss on derivative instruments</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(102,069</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">99,262</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 27pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Changes in assets and liabilities, net of business combination:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 36pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Decrease (increase) in accounts receivable</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">197,173</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(90,901</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(117,123</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 36pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Increase in prepaid expenses</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(15,814</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(9,523</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(2,499</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 36pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Decrease (increase) in noncurrent assets</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">109,215</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(116,454</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 36pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(Decrease) increase in income tax payable</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(6,500</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6,500</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 36pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Increase (decrease) in accounts payable and accrued expenses</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">98,494</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">43,289</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(17,358</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 45pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Net cash provided by operating activities</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,176,979</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,812,501</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">816,792</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 45pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Cash flows from investing activities:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Additions to oil and gas properties</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(4,777,979</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(2,150,478</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(1,300,151</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Acquisition of business</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(1,150,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Additions to other property and equipment</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(12,436</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(2,030</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(13,806</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Settlement of asset retirement obligations</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(39,352</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(63,230</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(4,918</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Settlement of derivatives</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">57,089</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(54,281</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proceeds from sale of oil and gas properties and equipment</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">15,710</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">963,388</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">69,042</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 45pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Net cash used in investing activities</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(4,756,968</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(1,306,631</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(2,399,833</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 45pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Cash flows from financing activities:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Acquisition of treasury stock</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(5,009</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(15,547</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proceeds from exercise of stock options</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">8,806</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">16,313</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Reduction of long-term debt</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(150,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(1,375,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(350,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proceeds from long-term debt</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,675,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">850,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,600,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 18px">
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 45pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Net cash provided by (used in) financing activities</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,519,991</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(516,194</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,250,766</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 45pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Net decrease in cash and cash equivalents</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(59,998</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(10,324</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(332,275</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: bottom; PADDING-LEFT: 45pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Cash and cash equivalents at beginning of period</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">156,082</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">166,406</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">498,681</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 45pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BORDER-BOTTOM-COLOR: ; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Cash and cash equivalents at end of period</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">96,084</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">156,082</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">166,406</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 45pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Supplemental disclosure of cash flow information:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Cash paid for interest</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">91,264</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">67,170</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">49,158</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Income taxes paid</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">13,032</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Non-cash investing and financing activities:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Asset retirement obligations</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">274,148</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">134,113</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">114,003</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Acquisition of subsidiary resulting in the assumption of&#160;liabilities as follows:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 27pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Fair value of assets</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,276,636</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 27pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Cash paid</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(1,150,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; PADDING-LEFT: 36pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Liabilities assumed</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">126,636</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">The accompanying notes to the consolidated financial statements</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">are an integral part of these statements.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-6</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION AND SUBSIDIARIES</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Years Ended March 31, 2015, 2014 and 2013</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">1. Nature of Operations</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Mexco Energy Corporation (a Colorado corporation) and its wholly owned subsidiaries, Forman Energy Corporation (a New York corporation), Southwest Texas Disposal Corporation (a Texas corporation) and TBO Oil &amp; Gas, LLC (a Texas limited liability company) (collectively, the &#8220;Company&#8221;) are engaged in the exploration, development and production of natural gas, crude oil, condensate and natural gas liquids (&#8220;NGLs&#8221;). Most of the Company&#8217;s oil and gas interests are centered in West Texas; however, the Company owns producing properties and undeveloped acreage in thirteen states. Although most of the Company oil and gas interests are operated by others, the Company operates several properties in which it owns an interest.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">2. Summary of Significant Accounting Policies</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Principles of Consolidation</font>. The consolidated financial statements include the accounts of Mexco Energy Corporation and its wholly owned subsidiaries. All significant intercompany balances and transactions associated with the consolidated operations have been eliminated.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Estimates and Assumptions</font>. In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make informed judgments, estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and affect the reported amounts of revenues and expenses during the reporting period. In addition, significant estimates are used in determining year end proved oil and gas reserves. Although management believes its estimates and assumptions are reasonable, actual results may differ materially from those estimates. The estimate of the Company&#8217;s oil and natural gas reserves, which is used to compute depreciation, depletion, amortization and impairment of oil and gas properties, is the most significant of the estimates and assumptions that affect these reported results.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Cash and Cash Equivalents</font>. The Company considers all highly liquid debt instruments purchased with maturities of three months or less and money market funds to be cash equivalents. The Company maintains cash in bank deposit accounts that may, at times, exceed federally insured limits. At March 31, 2015, the Company had the majority of its cash and cash equivalents with one financial institution. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Accounts Receivable.</font> Accounts receivable includes trade receivables from joint interest owners and oil and gas purchasers. Credit is extended based on an evaluation of a customer's financial condition and, generally, is uncollateralized. Accounts receivable under joint operating agreements have a right of offset against future oil and gas revenues if a producing well is completed. The collectability of receivables is assessed and an allowance is made for any doubtful accounts. The allowance for doubtful accounts is determined based on the Company&#8217;s previous loss history. The Company has not experienced any significant credit losses. For the years ending March 31, 2015, 2014 and 2013, no allowance has been made for doubtful accounts.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Oil and Gas Properties</font>. Oil and gas properties are accounted for using the full cost method of accounting. Under this method of accounting, the costs of unsuccessful, as well as successful, acquisition, exploration and development activities are capitalized as property and equipment. This includes any internal costs that are directly related to exploration and development activities but does not include any costs related to production, general corporate overhead or similar activities. The carrying amount of oil and gas properties also includes estimated asset retirement costs recorded based on the fair value of the asset retirement obligation (&#8220;ARO&#8221;) when incurred. Generally, no gains or losses are recognized on the sale or disposition of oil and gas properties.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Excluded Costs</font>. Oil and gas properties include costs that are excluded from capitalized costs being amortized. These amounts represent investments in unproved properties and major development projects. These costs are excluded until proved reserves are found or until it is determined that the costs are impaired. All costs excluded are reviewed at least quarterly to determine if impairment has occurred. The amount of any impairment is transferred to the capitalized costs being amortized (the depreciation, depletion and amortization (&#8220;DD&amp;A&#8221;) pool). Impairments transferred to the DD&amp;A pool increase the DD&amp;A rate.</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-7</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Ceiling Test</font>. Under the full cost method of accounting, a ceiling test is performed each quarter. The full cost ceiling test is an impairment test to determine a limit, or ceiling, on the book value of oil and gas properties. That limit is basically the after tax present value of the future net cash flows from proved crude oil and natural gas reserves and using an average price over the prior 12-month period held flat for the life of production plus the lower of cost or fair market value of unproved properties. If net capitalized costs of crude oil and natural gas properties exceed the ceiling limit, the Company must charge the amount of the excess to earnings as an expense reflected in additional accumulated DD&amp;A. This is called a "ceiling limitation write-down." This charge does not impact cash flow from operating activities, but does reduce stockholders' equity and reported earnings.</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Depreciation, Depletion and Amortization</font>. The depreciable base for oil and gas properties includes the sum of capitalized costs, net of accumulated DD&amp;A, estimated future development costs and asset retirement costs not accrued in oil and gas properties, less costs excluded from amortization and salvage. The depreciable base of oil and gas properties is amortized using the unit-of-production method.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Asset Retirement Obligations</font>. The Company has significant obligations to plug and abandon natural gas and crude oil wells and related equipment at the end of oil and gas production operations. The Company records the fair value of a liability for an ARO in the period in which it is incurred and a corresponding increase in the carrying amount of the related asset. Subsequently, the asset retirement costs included in the carrying amount of the related asset are allocated to expense using the units of production method. In addition, increases in the discounted ARO liability resulting from the passage of time are reflected as accretion expense in the Consolidated Statement of Operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Estimating the future ARO requires management to make estimates and judgments regarding timing and existence of a liability, as well as what constitutes adequate restoration. The Company uses the present value of estimated cash flows related to the ARO to determine the fair value. Inherent in the present value calculation are numerous assumptions and judgments including the ultimate costs, inflation factors, credit adjusted discount rates, timing of settlement, and changes in the legal, regulatory, environmental and political environments. To the extent future revisions to these assumptions impact the present value of the existing ARO liability, a corresponding adjustment is made to the related asset.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Income Taxes</font>. The Company recognizes deferred tax assets and liabilities for future tax consequences of temporary differences between the carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates applicable to the years in which those differences are expected to be settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in net income in the period that includes the enactment date. Any interest and penalties are recorded as interest expense and general and administrative expense, respectively.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Other Property and Equipment</font>. Provisions for depreciation of office furniture and equipment are computed on the straight-line method based on estimated useful lives of three to ten years.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Derivatives. </font>The Company is required to recognize its derivative instruments on the consolidated balance sheets as assets or liabilities at fair value with such amounts classified as current or long-term based on their anticipated settlement dates. The accounting for the changes in fair value of a derivative depends on the intended use of the derivative and resulting designation. The Company has not designated its derivative instruments as hedges for accounting purposes and, as a result, marks its derivative instruments to fair value and recognizes the realized and unrealized change in fair value on derivative instruments in the consolidated statements of operations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">(Loss) Income Per Common Share</font>. Basic net (loss) income per share is computed by dividing net (loss) income by the weighted average number of common shares outstanding during the period. Diluted net (loss) income per share assumes the exercise of all stock options having exercise prices less than the average market price of the common stock during the period using the treasury stock method and is computed by dividing net (loss) income by the weighted average number of common shares and dilutive potential common shares (stock options) outstanding during the period. In periods where losses are reported, the weighted-average number of common shares outstanding excludes potential common shares, because their inclusion would be anti-dilutive.</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-8</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Revenue Recognition. </font>Oil and gas sales and resulting receivables are recognized when the product is delivered to the purchaser and title has transferred. Sales are to credit-worthy energy purchasers with payments generally received within 60 days of transportation from the well site. The Company has historically had little, if any, uncollectible oil and gas receivables.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Gas Balancing</font>. Gas imbalances are accounted for under the sales method whereby revenues are recognized based on production sold. A liability is recorded when excess takes of natural gas volumes exceed estimated remaining recoverable reserves (over produced). No receivables are recorded for those wells where the Company has taken less than its ownership share of gas production (under produced). The Company does not have any significant gas imbalances.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Stock-based Compensation</font>. The Company uses the Binomial option pricing model to estimate the fair value of stock based compensation expenses at grant date. This expense is recognized as compensation expense in its financial statements over the vesting period. The Company recognizes the fair value of stock-based compensation awards as wages in the Consolidated Statements of Operations based on a graded-vesting schedule over the vesting period.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Recent Accounting Pronouncements. </font>In May 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) No. 2014-09, Topic 606: Revenue from Contracts with Customers. ASU No. 2014-09 is effective for Mexco as of April 1, 2017. Management is evaluating the effect, if any this pronouncement will have on the Company&#8217;s consolidated financial statements.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">3. Business Combinations</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">On December 31, 2012, the Company purchased all of the outstanding ownership interests of TBO Oil &amp; Gas, LLC (&#8220;TBO&#8221;), a Texas limited liability company which owns non-operated working interests in approximately 280 wells producing primarily oil, expanding the Company&#8217;s revenues. The cash purchase price of $1,150,000 was funded from its $4.9 million bank credit facility.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The purchase price was allocated to the assets acquired and liabilities assumed at estimated fair values as follows:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="15fb72b577d0431c86cb96e73464b64c" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved oil and gas properties</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,202,013</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Accounts receivable</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">74,623</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Total assets acquired</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,276,636</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Accounts payable</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(45,876</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Asset retirement obligations assumed</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(80,760</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Net purchase price</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,150,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Company&#8217;s results of operations for fiscal year 2015 include approximately $366,000 in revenues and approximately $120,000 in earnings from TBO. The Company&#8217;s results of operations for fiscal year 2014 include approximately $705,000 in revenues and approximately $448,000 in earnings from TBO. The Company&#8217;s results of operations for fiscal year 2013 include approximately $119,800 in revenues and approximately $62,400 in earnings from TBO.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Company has not disclosed the pro forma information for this acquisition because the revenue and expenses for this acquisition were immaterial to its consolidated financial statements.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">4. Fair Value of Financial Instruments.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Fair value as defined by authoritative literature is the price that would be received to sell an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants at the measurement date. Fair value measurements are classified and disclosed in one of the following categories:</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-9</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Level 1 &#8211; Quoted prices in active markets for identical assets and liabilities.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Level 2 &#8211; Quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations whose inputs are observable or whose significant value drivers are observable.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Level 3 &#8211; Significant inputs to the valuation model are unobservable.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The carrying amount reported in the accompanying consolidated balance sheets for cash and cash equivalents, accounts receivable and accounts payable approximates fair value because of the immediate or short-term maturity of these financial instruments.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The fair value amount reported in the accompanying consolidated balance sheets for long term debt approximates fair value because the actual interest rates do not significantly differ from current rates offered for instruments with similar characteristics and is deemed to use Level 2 inputs. See the Company&#8217;s Note 5 on Credit Facility for further discussion.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The fair value of the Company&#8217;s crude oil swaps are measured internally using established commodity futures price strips for the underlying commodity provided by a reputable third party, the contracted notional volumes, and time to maturity. The valuation of the Company&#8217;s derivative instrument is deemed to use Level 2 inputs. See the Company&#8217;s Note 8 on Derivatives for further discussion.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">5. Credit Facility</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Company has a revolving credit agreement with Bank of America, N.A. (the &#8220;Agreement&#8221;), which provides for a credit facility of $6,300,000 with no monthly commitment reductions and a borrowing base evaluated annually, currently set at $6,300,000. Amounts borrowed under the Agreement are collateralized by the common stock of the Company&#8217;s wholly owned subsidiaries and substantially all of the Company&#8217;s oil and gas properties.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Agreement was renewed nine times with the ninth amendment on February 13, 2015, which revised the maturity date to November 30, 2020. Under the original and renewed agreements, interest on the facility accrues at an annual rate equal to the British Bankers Association London Interbank Offered Rate ("BBA LIBOR") daily floating rate, plus 2.50 percentage points, which was 2.68% on March 31, 2015. Interest on the outstanding amount under the credit agreement is payable monthly. In addition, the Company will pay an unused commitment fee in an amount equal to &#189; of 1 percent (.5%) times the daily average of the unadvanced amount of the commitment. The unused commitment fee is payable quarterly in arrears on the last day of each calendar quarter and is included in the consolidated statements of operations under the caption &#8220;General and administrative&#8221; expenses. Availability of this line of credit at March 31, 2015 was $300,000. No principal payments are anticipated to be required through November 30, 2020.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Agreement contains customary covenants for credit facilities of this type including limitations on disposition of assets, mergers and reorganizations. The Company is also obligated to meet certain financial covenants under the Agreement. The Company is in compliance with all covenants as of March 31, 2015. In addition, this Agreement prohibits the Company from paying cash dividends on its common stock. The Agreement does grant the Company permission to enter into hedge agreements; however, it is under no obligation to do so.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The amended Agreement allows for up to $500,000 of the facility to be used for outstanding letters of credits. As of March 31, 2015, one letter of credit for $50,000, in lieu of a plugging bond with the Texas Railroad Commission (&#8220;TRRC&#8221;) covering the properties the Company operates is outstanding under the facility. This letter of credit renews annually. The Company will pay a fee in an amount equal to 1 percent (1.0%) per annum of the outstanding undrawn amount of each standby letter of credit, payable monthly in arrears, on the basis of the face amount outstanding on the day the fee is calculated.</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-10</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The balance outstanding on the line of credit as of March 31, 2015 was $5,950,000 and as of June 23, 2015 was $6,100,000. The following table is a summary of activity on the Bank of America, N.A. line of credit for the year ended March 31, 2015:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="502b83d0526e4e3993d1b92d8d24e723" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Principal</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Balance at April 1, 2014:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,425,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Borrowings</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,675,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Repayments</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(150,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Balance at March 31, 2015:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,950,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">6. Asset Retirement Obligations</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Company&#8217;s asset retirement obligations relate to the plugging of wells, the removal of facilities and equipment, and site restoration on oil and gas properties. The fair value of a liability for an ARO is recorded in the period in which it is incurred, discounted to its present value using the credit adjusted risk-free interest rate, and a corresponding amount capitalized by increasing the carrying amount of the related long-lived asset. The liability is accreted each period, and the capitalized cost is depreciated over the useful life of the related asset. The ARO is included on the consolidated balance sheets with the current portion being included in the accounts payable and accrued expenses.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The following table provides a rollforward of the asset retirement obligations for fiscal years ended March 31:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="f8ba75d7158e4516a1571c62b3cb7582" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Carrying amount of asset retirement obligations as of April 1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">961,577</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">813,412</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Liabilities incurred</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">274,148</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">134,113</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Liabilities settled</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(23,441</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(30,314</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Accretion expense</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">27,932</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">44,366</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Carrying amount of asset retirement obligations as of March 31</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,240,216</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">961,577</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Less: Current portion</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">10,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">35,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Non-Current asset retirement obligation</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,230,216</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">926,577</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">7. Income Taxes</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Company files a consolidated federal income tax return and various state income tax returns. The amount of income taxes we record requires the interpretation of complex rules and regulations of federal and state taxing jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal and state income tax examinations by tax authorities for years prior to 2012. In January 2014, the Company was notified by the Internal Revenue Service that it had been selected at random for a compliance research examination of fiscal year ending March 31, 2012. The Company has been informally advised by an employee of the Internal Revenue Service that the audit resulted in no change to the Company&#8217;s federal income tax return.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Significant components of net deferred tax assets (liabilities) at March 31 are as follows:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="a27f4625ebb6443391a40a33b1415624" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Deferred tax assets:</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Percentage depletion carryforwards</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,535,126</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,463,834</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Deferred stock-based compensation</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">36,958</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">29,475</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Asset retirement obligation</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">384,467</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">298,089</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Net operating loss</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">720,308</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">298,736</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Derivative instruments</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">13,944</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Other</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">11,111</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">9,673</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,687,970</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,113,751</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Deferred tax liabilities:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Excess financial accounting bases over tax bases of&#160; &#160; property and equipment</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(3,348,840</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(2,972,200</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Net deferred tax liabilities</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(660,870</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(858,449</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-11</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">As of March 31, 2015, the Company has a statutory depletion carryforward of approximately $4,950,000, which does not expire. At March 31, 2015, the Company had a net operating loss carryforward for regular income tax reporting purposes of approximately $4,500,000, which will begin expiring in 2029. The Company&#8217;s ability to use some of its net operating loss carryforwards and certain other tax attributes to reduce current and future U.S. federal taxable income is subject to limitations under the Internal Revenue Code.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The income tax provision consists of the following for years ended March 31, 2015, 2014 and 2013:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="dafc1f1a096b461f9dca6efa9f5937ef" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Current income tax expense</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6,500</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Deferred income tax (benefit) expense</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(197,499</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;)</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,250</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(31,504</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total income tax provision:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(197,499</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;)</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">11,750</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(31,504</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Effective tax rate</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(37</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">%)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">%)</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The current income tax expense for fiscal year 2014 is the Company&#8217;s anticipated alternative minimum tax that cannot offset with its alternative minimum tax net operating loss.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">A reconciliation of the provision for income taxes to income taxes computed using the federal statutory rate for years ended March 31 follows:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="eda85d4ba8474360aaea05ada6f8af93" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Tax expense at federal statutory rate (1)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(183,085</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">106,374</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(70,678</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Statutory depletion carryforward</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(71,292</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(127,204</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Effect of graduated rates</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">12,221</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(13,841</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,391</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Permanent differences</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160; </td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;&#160;&#160;&#160; &#160; 44,657</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160; </td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;&#160; &#160;46,421</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160; </td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">&#160;35,783</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total income tax (benefit) expense</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(197,499</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">11,750</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(31,504</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Effective income tax rate</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(37</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">%)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">%)</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="664a1ac167b74c7b9ee0958d9bb09ab8" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(1)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The federal statutory rate was 34% for fiscal years ending March 31, 2015, 2014 and 2013.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">For the years ended March 31, 2015, 2014 and 2013, the Company did not have any uncertain tax positions.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">A reconciliation of the beginning and ending balances of unrecognized tax benefits is as follows:</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;</div>

<table id="9ea5edb46b7b4584b580b287abc9b859" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Unrecognized tax benefits at beginning of period</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">679,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">677,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">677,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Additions based on tax positions related to the current year</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Changes to tax positions of prior years</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Settlements</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Expirations</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Unrecognized tax benefits at end of period</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">679,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">679,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">677,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">While the amount of unrecognized tax benefits may change in the next 12 months, the Company does not expect any change to have a significant impact on its results of operations. The recognition of the total amount of the unrecognized tax benefits would have an impact on the effective tax rate. If these unrecognized tax benefits are disallowed, the Company will be required to pay additional taxes.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">8. Derivatives</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">All derivative financial instruments are recorded at fair value. The Company has not designated its derivative instruments as hedges for accounting purposes and, as a result, marks its derivative instruments to fair value and recognizes the realized and unrealized changes in fair value in the consolidated statements of operations under the caption &#8220;Gain (loss) on derivative instruments.&#8221;</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-12</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Company uses price swap contracts to reduce price volatility associated with certain of its oil sales. With respect to the Company&#8217;s fixed price swap contracts, the counterparty is required to make a payment to the Company if the settlement price for any settlement period is less than the swap price, and the Company is required to make a payment to the counterparty if the settlement price for any settlement period is greater than the swap price. The Company&#8217;s derivative contracts are based upon reported settlement prices on commodity exchanges, with crude oil derivative settlements based on New York Mercantile Exchange West Texas Intermediate (&#8220;NYMEX WTI&#8221;) pricing. The counterparty to the Company&#8217;s derivative contract is Merrill Lynch Commodities, Inc., which the Company believes is an acceptable credit risk.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The fair value of swaps is generally determined using established index prices and other sources which are based upon, among other things, futures prices and time to maturity.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">As of March 31, 2015 the Company does not have any open crude oil derivative positions with respect to future production.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The net fair value of the Company&#8217;s derivative assets and liabilities and their locations on the consolidated balance sheet are as follows for the years ended March 31:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="091a54d750194d80af1cc0973ca99632" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Current assets: Derivative instruments</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Noncurrent assets: Derivative instruments</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total assets</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Current liabilities: Derivative instruments</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">44,981</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Noncurrent liabilities: Derivative instruments</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total liabilities</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">44,981</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">None of the Company&#8217;s derivatives have been designated as hedges. As such, all changes in fair value are immediately recognized in earnings. The following summarizes the loss on derivative instruments included in the consolidated statements of operations for the year ended March 31, 2015 and 2014:</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="4b8612dc9e7740929f15710f4e24549b" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Unrealized loss on open non-hedge derivative instruments</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(44,981</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Gain (loss) on settlement of non-hedge derivative instruments</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">102,069</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(54,281</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total gain (loss) on derivative instruments</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">102,069</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(99,262</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">9. Major Customers</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Currently, the Company operates exclusively within the United States and its revenues and operating profit are derived from the oil and gas industry. Oil and gas production is sold to various purchasers and the receivables are unsecured. Historically, the Company has not experienced significant credit losses on its oil and gas accounts and management is of the opinion that significant credit risk does not exist. Management is of the opinion that the loss of any one purchaser would not have an adverse effect on the Company&#8217;s ability to sell its oil and gas production.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">In fiscal 2015, one customer accounted for 17% of the total oil and gas revenues and 19% of the total oil and gas accounts receivable. In fiscal 2014, one customer accounted for 22% of the total oil and gas revenues and 25% of the total oil and gas accounts receivable. In fiscal 2013, one customer accounted for 26% of the total oil and gas revenues and 24% of the total oil and gas accounts receivable.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-13</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">10. Oil and Gas Costs</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The costs related to the Company&#8217;s oil and gas activities were incurred as follows for the year ended March 31:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="b4d49fead5dd4825a3e6388b29954c6b" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Property acquisition costs:</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2"></td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,108,040</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">785,144</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">20,542</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Unproved</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Exploration</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">15,472</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">9,641</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">15,715</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Development</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,746,582</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,152,986</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,265,126</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Capitalized asset retirement obligations</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">274,148</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">134,113</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">114,003</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Total costs incurred for oil and gas properties</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,144,242</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,081,884</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,415,386</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Company had the following aggregate capitalized costs relating to its oil and gas property activities at March 31:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="85442ac72215419b80868b2a64d7f305" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved oil and gas properties</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">40,489,453</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">35,386,751</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">34,138,841</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 9px">
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Unproved oil and gas properties:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">subject to amortization</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">73,990</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">73,990</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">170,487</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">not subject to amortization</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">40,563,443</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">35,460,741</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">34,309,328</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Less accumulated DD&amp;A</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">19,752,994</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">18,395,619</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">17,249,803</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">20,810,449</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">17,065,122</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">17,059,525</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">DD&amp;A amounted to $2.48, $2.18 and $2.03 per mcfe of production for the years ended March 31, 2015, 2014 and 2013, respectively.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">11. (Loss) Income Per Common Share</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Due to a net loss for the year ended March 31, 2015, the weighted average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. For the year ended March 31, 2014, 35,000 options were excluded from the diluted net income per share calculations because the options are anti-dilutive. Anti-dilutive stock options have a weighted average exercise price of $5.98 at March 31, 2014. Due to a net loss for the year ended March 31, 2013, the weighted average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The following is a reconciliation of the number of shares used in the calculation of basic income per share and diluted income per share for the periods ended March 31:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="85afda89fb00461abb1497430f9ec712" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top; PADDING-LEFT: 9pt" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Net (loss) income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(340,986</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">301,113</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(176,374</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Shares outstanding:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Weighted avg. common shares outstanding &#8211; basic</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,038,250</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,036,950</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,036,959</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Effect of the assumed exercise of dilutive stock options</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5,234</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Weighted avg. common shares outstanding &#8211; dilutive</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,038,250</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,042,184</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,036,959</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">(Loss) income per common share:</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Basic</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(0.17</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(0.09</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Diluted</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(0.17</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(0.09</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-14</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">12. Stockholders&#8217; Equity</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">In June 2014, the Board of Directors authorized the use of up to $250,000 to repurchase shares of the Company&#8217;s common stock for the treasury account. During the fiscal year ended March 31, 2015, the Company repurchased 1,000 shares for the treasury at an aggregate cost of $5,009. There were no shares of common stock repurchased for the treasury account during fiscal 2014. During the fiscal year ended March 31, 2013, the Company repurchased 2,833 shares at an aggregate cost of $15,547.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">13. Stock Options</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">In September 2009, the Company adopted the 2009 Employee Incentive Stock Plan (the &#8220;2009 Plan&#8221;). The 2009 Plan provides for the award of stock options up to 200,000 shares and includes option awards as well as stock awards. Option awards are granted with the restriction of requiring payment for the shares. Stock awards are granted without restrictions and without payment by the recipient. Neither option awards nor stock awards may exceed 25,000 shares granted to any one individual in any fiscal year. Stock options may be an incentive stock option or a nonqualified stock option. Options to purchase common stock under the plan are granted at the fair market value of the common stock at the date of grant, become exercisable to the extent of 25% of the shares optioned on each of four anniversaries of the date of grant, expire ten years from the date of grant and are subject to forfeiture if employment terminates. The 2009 Plan expires ten years from the date of adoption.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">According to the Company&#8217;s employee stock incentive plan, new shares will be issued upon the exercise of stock options and the Company can repurchase shares exercised under the plan. The plan also provides for the granting of stock awards. No stock awards were granted during fiscal 2015, 2014 and 2013.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Company recognized compensation expense of $153,386, $152,448 and $138,303 in general and administrative expense in the Consolidated Statements of Operations for fiscal 2015, 2014 and 2013, respectively. The total cost related to non-vested awards not yet recognized at March 31, 2015 totals $195,606, which is expected to be recognized over a weighted average of 2.6 years.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The fair value of each stock option is estimated on the date of grant using the Binomial valuation model. Expected volatilities are based on historical volatility of the Company&#8217;s stock over the contractual term of 120 months and other factors. The Company uses historical data to estimate option exercise and employee termination within the valuation model. The expected term of options granted is derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. As the Company has never declared dividends, no dividend yield is used in the calculation. Actual value realized, if any, is dependent on the future performance of the Company&#8217;s common stock and overall stock market conditions. There is no assurance the value realized by an optionee will be at or near the value estimated by the Binomial model.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">During the year ended March 31, 2015, the Compensation Committee of the Board of Directors approved and the Company granted 40,000 stock options to officers and employees of the Company exercisable at $7.00 per share. During the year ended March 31, 2014, the Compensation Committee of the Board of Directors approved and the Company granted 35,000 stock options to officers and employees of the Company exercisable at $5.98 per share. During the year ended March 31, 2013, no stock options were granted. These options are exercisable at a price not less than the fair market value of the stock at the date of grant, have an exercise period of ten years and generally vest over four years.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Included in the following table is a summary of the grant-date fair value of stock options granted and the related assumptions used in the Binomial models for stock options granted in fiscal 2015, 2014 and 2013. All such amounts represent the weighted average amounts for each period.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="4da80b46756f48d0a80314d436d39dab" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="10">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">For the year ended March 31,</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Grant-date fair value</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5.59</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4.75</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Volatility factor</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">76.23</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">77.01</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Dividend yield</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Risk-free interest rate</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2.52</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1.74</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">%</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Expected term (in years)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">10</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-15</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">No forfeiture rate is assumed for stock options granted to directors or employees due to the forfeiture rate history for these types of awards. There were no stock options forfeited or expired during the years ended March 31, 2015, 2014 and 2013.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The following table is a summary of activity of stock options for the year ended March 31, 2015, 2014 and 2013:</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="d877fc7f433e4f0a935e779ab8d99caf" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr style="HEIGHT: 103px">
<td style="WIDTH: 42%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: center; PADDING-LEFT: 9pt">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Number</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">of Shares</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: center" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: center">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Weighted Average Exercise Price</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Per Share</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: center" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Weighted Aggregate Average Remaining Contract Life in Years</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: center" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: center">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Intrinsic</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Value</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: center" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Outstanding at April 1, 2012</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">83,750</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.42</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">8.65</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">127,363</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Granted</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Exercised</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(3,750</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4.35</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Forfeited or Expired</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Outstanding at March 31, 2013</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">80,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.52</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">8.03</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Granted</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">35,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5.98</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Exercised</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(1,400</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.29</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Forfeited or Expired</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Outstanding at March 31, 2014</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">113,600</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.35</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">7.66</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">154,062</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 18px">
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Granted</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">40,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">7.00</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Exercised</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; PADDING-LEFT: 9pt; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Forfeited or Expired</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 19px">
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Outstanding at March 31, 2015</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">153,600</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.52</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">7.36</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Vested at March 31, 2015</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">77,350</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.42</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.19</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Exercisable at March 31, 2015</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">77,350</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.42</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6.19</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12.11%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Other information pertaining to option activity was as follows during the year ended March 31:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="08635328c6bd4664a06c58d7255d7490" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="WIDTH: 202px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="WIDTH: 19px; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 19px">
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Weighted average grant-date fair value of stock options granted (per share)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 11.81%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">5.59</div>
</td>
<td style="WIDTH: 1.21%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4.75</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total fair value of options vested</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 11.81%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">150,063</div>
</td>
<td style="WIDTH: 1.21%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">108,500</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">108,500</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total intrinsic value of options exercised</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 11.81%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 1.21%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6,244</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,138</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The following table summarizes information about options outstanding at March 31, 2015:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="99cf640ca4f74a7e937e91187aa092cb" style="WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr style="HEIGHT: 52px">
<td style="FONT-SIZE: 11pt; WIDTH: 28%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" valign="bottom" colspan="2">
<div>Range of Exercise Prices</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" valign="bottom">
<div style="FONT-SIZE: 11pt">Number of</div>

<div style="FONT-SIZE: 11pt">Options</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" valign="bottom" colspan="2">
<div>Weighted Average Exercise Price</div>

<div>Per Share</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 12%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" valign="bottom">
<div style="FONT-SIZE: 11pt">Weighted Average</div>

<div style="FONT-SIZE: 11pt">Remaining Contract</div>

<div style="FONT-SIZE: 11pt">Life in Years</div>
</td>
<td style="WIDTH: 1%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" valign="bottom"></td>
<td style="WIDTH: 1%; PADDING-BOTTOM: 2px; TEXT-ALIGN: center" valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt">Aggregate</div>

<div style="FONT-SIZE: 11pt">Intrinsic</div>

<div style="FONT-SIZE: 11pt">Value</div>
</td>
<td style="WIDTH: 1%; PADDING-BOTTOM: 2px; TEXT-ALIGN: center" valign="bottom"></td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 28%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="TEXT-ALIGN: left">$</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div>5.98 &#8211; 6.25</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div>45,000</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="TEXT-ALIGN: left">$</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div>6.00</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom" colspan="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 28%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div>6.26 &#8211; 6.50</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div>28,600</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div>6.29</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom"></td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 28%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div>6.51 &#8211; 6.80</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div>40,000</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div>6.80</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom" colspan="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 28%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div>6.81 &#8211; 7.00</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div>40,000</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div>7.00</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff" valign="bottom"></td>
</tr>

<tr style="HEIGHT: 14px">
<td style="FONT-SIZE: 11pt; WIDTH: 28%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="TEXT-ALIGN: left">$</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div>5.98 &#8211; 7.00</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div>153,600</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="TEXT-ALIGN: left">$</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div>6.52</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="TEXT-ALIGN: right">7.36</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="TEXT-ALIGN: left">$</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 12%; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">-</td>
<td style="FONT-SIZE: 11pt; WIDTH: 1%; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom"></td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Outstanding options at March 31, 2015 expire between August 2020 and August 2024 and have exercise prices ranging from $5.98 to $7.00.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">14. Related Party Transactions</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Related party transactions for the fiscal year ended March 31, 2015 relate to shared office expenditures in addition to administrative and operating expenses paid on behalf of the majority stockholder. The total billed to and reimbursed by the stockholder for the years ended March 31, 2015, 2014 and 2013 were $125,209, $133,861 and $144,404, respectively.</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-16</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">15. Lease Commitments</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Company leases its principal office space. On April 1, 2013, the Company agreed to a three year lease, with an option to renew for an additional two years. On April 1, 2014, the Company agreed to a three year lease for an additional office space. The following table summarizes future payments we are obligated to make based on the lease commitments in place as of March 31, 2015:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="8cee9a985c814a65a7261ed7e7f1129a" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Commitment Amount (1)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Fiscal Year 2016</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">23,440</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 85%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Fiscal Year 2017</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4,420</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="034d7f3dfa6d4f7b9169c7796ec003bf" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 27pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(1)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The total commitment for the remainder of the leases is $37,100 which includes $9,240 billed to and reimbursed by our majority shareholder for his portion of the shared office space.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">16. Oil and Gas Reserve Data (Unaudited)</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The estimates of the Company&#8217;s proved oil and gas reserves, which are located entirely within the United States, were prepared in accordance with the guidelines established by the SEC. The estimates as of March 31, 2015, 2014, and 2013 are based on evaluations prepared by Joe C. Neal and Associates, Petroleum Consultants. Management emphasizes that reserve estimates are inherently imprecise and are expected to change as new information becomes available and as economic conditions in the industry change.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved reserves are estimated quantities of oil, natural gas, and natural gas liquids which geological and engineering data demonstrate with reasonable certainty to be commercially recoverable in future years from known reservoirs under existing economic and operating conditions.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Changes in Proved Reserves</font>:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="a606bda8ae0641798a906371806e93e5" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top" colspan="2">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Oil</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(Bbls)</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Natural Gas</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(Mcf)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Proved Developed and Undeveloped Reserves:</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">As of April 1, 2012</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">346,000</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">8,445,000</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Revision of previous estimates</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(10,000)</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(589,000)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Purchase of minerals in place</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">48,000</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">71,000</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Extensions and discoveries</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">5,000</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">318,000</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Sales of minerals in place</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">-</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Production</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(23,000)</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(401,000)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">As of March 31, 2013</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">366,000</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">7,844,000</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Revision of previous estimates</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">12,000</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(1,404,000)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Purchase of minerals in place</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">50,000</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">18,000</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Extensions and discoveries</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">101,000</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">163,000</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Sales of minerals in place</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">-</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Production</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(27,000)</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(362,000)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">As of March 31, 2014</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">502,000</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">6,259,000</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Revision of previous estimates</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(90,000)</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(665,000)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Purchase of minerals in place</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">43,000</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">795,000</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Extensions and discoveries</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">235,000</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">269,000</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Sales of minerals in place</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">-</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">-</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 66%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Production</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(30,000)</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(369,000)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">As of March 31, 2015</div>
</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">660,000</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 13%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">6,289,000</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved developed reserves are those expected to be recovered through existing wells, equipment and operating methods. Proved undeveloped reserves ("PUD") are proved reserves are expected to be recovered from new wells on undrilled acreage or from existing wells where a relatively major expenditure is required for recompletion. The downward revision of oil and natural gas is primarily the result of SEC rules which require such reserves to be developed within five years and because of the participation in one unsuccessful well. Reserves written off due to the five year limitation are in the El Cinco field which are on leases held by production and are still in place to be developed in the future.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-17</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Summary of Proved Developed and Undeveloped Reserves as of March 31, 2015, 2014 and 2013</font>:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="169b003181564bc28e8b70a37443e5d1" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="WIDTH: 65%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Oil</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(Bbls)</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Natural Gas</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(Mcf)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 65%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Proved Developed Reserves:</div>
</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">As of April 1, 2012</div>
</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">194,620</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">5,359,670</div>
</td>
</tr>

<tr>
<td style="WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">As of March 31, 2013</div>
</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">237,420</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">4,807,020</div>
</td>
</tr>

<tr>
<td style="WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">As of March 31, 2014</div>
</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">294,620</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">4,081,470</div>
</td>
</tr>

<tr>
<td style="WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">As of March 31, 2015</div>
</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">283,670</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">4,584,790</div>
</td>
</tr>

<tr>
<td style="WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Proved Undeveloped Reserves:</div>
</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">As of April 1, 2012</div>
</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">151,730</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">3,085,060</div>
</td>
</tr>

<tr>
<td style="WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">As of March 31, 2013</div>
</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">128,290</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">3,037,180</div>
</td>
</tr>

<tr>
<td style="WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">As of March 31, 2014</div>
</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">206,930</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2,177,810</div>
</td>
</tr>

<tr>
<td style="WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">As of March 31, 2015</div>
</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">376,070</div>
</td>
<td style="WIDTH: 3.13%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 4px double; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">1,703,790</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">As of March 31, 2015, 2014 and 2013 reserves were computed using the 12-month unweighted average of the first-day-of-the-month prices, in accordance with current SEC rules.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">At March 31, 2015, the Company reported estimated PUDs of 3.96 bcfe, which accounted for 39% of its total estimated proved oil and gas reserves. This figure primarily consists of a projected 73 new wells (2.7 bcfe), 6 of which we operate, and 1 new zone behind pipe from a currently producing wellbore (.4 bcfe) that the Company also operates. The Company&#8217;s timetable for this well is totally dependent on the life of the currently producing zone. After the current zone has depleted, the Company will open the new productive zone. Of the 6 wells the Company operates (1.6 bcfe), 4 wells will be drilled on existing acreage in the Goldsmith field where the Company currently operates 3 wells. The Company projects 5 operated wells will be drilled in fiscal 2016, with the 1 remaining well in fiscal 2017. Regarding the remaining 67 PUD locations operated by others (1.1 bcfe), 12 wells are currently being drilled and 2 locations are currently being prepared to drill with plans for 18 wells to follow in 2016, 27 wells in 2017, 7 wells in 2018 and 1 well in 2019.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The following table discloses the Company&#8217;s progress toward the conversion of PUDs during fiscal 2015.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Progress of Converting Proved Undeveloped Reserves</font>:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="99359a878d104f05b8e863d0f061a435" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Oil &amp; Natural Gas</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Future</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(Mcfe)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Development Costs</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">PUDs, beginning of year</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,419,362</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4,620,320</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Revision of previous estimates</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(943,113</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(441,475</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Conversions to PD reserves</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(214,890</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(643,429</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Additional PUDs added</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,698,873</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,081,986</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 70%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">PUDs, end of year</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,960,232</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">6,617,402</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Estimated future net cash flows represent an estimate of future net revenues from the production of proved reserves using average prices for 2015, 2014 and 2013 along with estimates of the operating costs, production taxes and future development costs necessary to&#160; produce such reserves. No deduction has been made for depreciation, depletion or any indirect costs such as general corporate overhead or interest expense.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Operating costs and production taxes are estimated based on current costs with respect to producing oil and natural gas properties. Future development costs including abandonment costs are based on the best estimate of such costs assuming current economic and operating conditions. The future cash flows estimated to be spent to develop the Company&#8217;s share of proved undeveloped properties through March 31, 2020 are $6,617,402.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Income tax expense is computed based on applying the appropriate statutory tax rate to the excess of future cash inflows less future production and development costs over the current tax basis of the properties involved, less applicable carryforwards.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-18</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The future net revenue information assumes no escalation of costs or prices, except for oil and natural gas sales made under terms of contracts which include fixed and determinable escalation. Future costs and prices could significantly vary from current amounts and, accordingly, revisions in the future could be significant.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The current reporting rules require that year end reserve calculations and future cash inflows be based on the 12-month average market prices for sales of oil and gas on the first calendar day of each month during the fiscal year discounted at 10% per year and assuming continuation of existing economic conditions. The average prices used for fiscal 2015 were $74.84 per bbl of oil and $3.595 per mcf of natural gas. The average prices used for fiscal 2014 were $94.23 per bbl of oil and $3.67 per mcf of natural gas. The average prices used for fiscal 2013 were $85.53 per bbl of oil and $2.76 per mcf of natural gas.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The standardized measure of discounted future net cash flows were computed by applying 12-month average prices for oil and gas (with consideration of price changes only to the extent provided by contractual arrangements in existence at year end) to the estimated future production of proved oil and gas reserves, less estimated future expenditures (based on year end costs) to be incurred in developing and producing the proved reserves, less estimated future income tax expenses (based on the year end statutory tax rates with consideration of future tax rates already legislated) to be incurred on pretax net cash flows less tax basis of the properties and available credits and assuming continuation of existing economic conditions. The estimated future net cash flows are then discounted using a rate of 10%.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The basis for this table is the reserve studies prepared by an independent petroleum engineering consultant, which contain imprecise estimates of quantities and rates of production of reserves. Revisions of previous year estimates can have a significant impact on these results. Also, exploration costs in one year may lead to significant discoveries in later years and may significantly change previous estimates of proved reserves and their valuation. Therefore, the standardized measure of discounted future net cash flow is not necessarily indicative of the fair value of proved oil and gas properties.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The standardized measure of discounted future cash flows at March 31, 2015, 2014 and 2013, which represents the present value of estimated future cash flows using a discount rate of 10% a year, follows:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="72f6a7c1ef73468db44b61b08741d810" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="10">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">March 31</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Future cash inflows</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">72,238,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">70,252,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">52,900,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Future production costs and taxes</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(19,569,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(20,647,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(14,893,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Future development costs</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(6,617,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(4,826,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(4,850,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Future income taxes</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(9,254,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(9,801,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(6,374,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Future net cash flows</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">36,798,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">34,978,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">26,783,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Annual 10% discount for estimated timing of cash flows</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(17,860,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(15,649,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(12,414,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Standardized measure of discounted future net cash flows</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">18,938,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">19,329,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">14,369,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-19</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Changes in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="820decc3264e46ca888d2d139a15cac4" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="10">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">March 31</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2013</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Sales of oil and gas produced, net of production costs</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(2,036,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(2,762,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(1,982,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Net changes in price and production costs</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(4,066,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,464,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(5,881,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Changes in previously estimated development costs</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,627,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">270,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,150,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Revisions of quantity estimates</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(3,718,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(657,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(811,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Net change due to purchases and sales of minerals in place</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="LINE-HEIGHT: 1.15"></div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,777,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="LINE-HEIGHT: 1.15"></div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,332,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="LINE-HEIGHT: 1.15"></div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,471,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Extensions and discoveries, less related costs</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4,607,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">3,802,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">321,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Net change in income taxes</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">654,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(1,997,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,178,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Accretion of discount</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,474,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,779,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,495,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Changes in timing of estimated cash flows and other</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(3,710,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="LINE-HEIGHT: 1.15"></div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">729,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(3,928,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Changes in standardized measure</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(391,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">4,960,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(4,987,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Standardized measure, beginning of year</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">19,329,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">14,369,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">19,356,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 55%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Standardized measure, end of year</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">18,938,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">19,329,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">14,369,000</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">17. Selected Quarterly Financial Data (Unaudited)</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="69854221bc8d4236ac31ab77a6c223f0" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="14">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">FISCAL 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">4<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> QTR</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">3<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup> QTR</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> QTR</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup> QTR</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Oil and gas revenue</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">551,894</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">790,335</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">987,942</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,006,655</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Operating (loss) profit</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(412,332</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(240,224</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">60,128</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">51,069</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Net (loss)&#160;income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(270,975</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(175,321</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">86,256</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">19,054</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Net (loss)&#160;income per share &#8211; basic</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(0.13</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(0.09</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.04</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.01</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Net (loss) income per share &#8211; diluted</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(0.13</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">(0.09</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.04</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.01</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<table id="00227ad657724126a9aecc94fd2a6e7e" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="14">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">FISCAL 2014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">4<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> QTR</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">3<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup> QTR</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> QTR</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup> QTR</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Oil and gas revenue</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">953,291</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">948,633</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">1,108,102</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">984,269</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Operating profit</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">88,425</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">106,078</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">212,368</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">70,469</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Net income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">2,272</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">88,659</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">194,051</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">16,131</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Net income per share &#8211; basic</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.00</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.04</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.10</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.01</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 40%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Net income per share &#8211; diluted</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.00</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.04</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.10</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #dcdcdc" valign="bottom">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">0.01</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #dcdcdc" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-20</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">INDEX TO EXHIBITS</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><u>Exhibit</u></div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><u>Number</u></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="af73bd759cc94a51a4f403920ca02eaa" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">3.1</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Restated Articles of Incorporation of Mexco Energy Corporation filed as Exhibit 3.1 to the Company&#8217;s Annual Report on Form 10-K dated June 24, 1998, and incorporated herein by reference.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">3.2</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Amended Bylaws of Mexco Energy Corporation as amended on September 13, 2011 filed as Exhibit 3.1 to the Company&#8217;s Current Report on Form 8-K dated September 14, 2011, and incorporated herein by reference.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">10.1</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">2009 Employee Incentive Stock Plan of Mexco Energy Corporation filed as Exhibit A to the Company&#8217;s Proxy Statement on Form 14C dated July 15, 2009, and incorporated herein by reference.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">10.2</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Loan Agreement between Bank of America, N.A. and Mexco Energy Corporation dated December 31, 2008</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">10.3</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">First Amendment to Loan Agreement dated December 28, 2009 to the Loan Agreement between Bank of America, N.A. and Mexco Energy Corporation dated December 31, 2008</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">10.4</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Second Amendment to Loan Agreement dated March 1, 2010 to the Loan Agreement between Bank of America, N.A. and Mexco Energy Corporation dated December 31, 2008</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">10.5</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Third Amendment to Loan Agreement dated September 30, 2010 to the Loan Agreement between Bank of America, N.A. and Mexco Energy Corporation dated December 31, 2008</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">10.6</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Fourth Amendment to Loan Agreement dated October 22, 2010 to the Loan Agreement between Bank of America, N.A. and Mexco Energy Corporation dated December 31, 2008</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">10.7</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Fifth Amendment to Loan Agreement dated December 28, 2011 to the Loan Agreement between Bank of America, N.A. and Mexco Energy Corporation dated December 31, 2008</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">10.8</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Sixth Amendment to Loan Agreement dated October 22, 2012 to the Loan Agreement between Bank of America, N.A. and Mexco Energy Corporation dated December 31, 2008</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">10.9</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Seventh Amendment to Loan Agreement dated October 25, 2013 to the Loan Agreement between Bank of America, N.A. and Mexco Energy Corporation dated December 31, 2008</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">10.10</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Eighth Amendment to Loan Agreement dated September 10, 2014 to the Loan Agreement between Bank of America, N.A. and Mexco Energy Corporation dated December 31, 2008</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">10.11</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Ninth Amendment to Loan Agreement dated February 13, 2015 to the Loan Agreement between Bank of America, N.A. and Mexco Energy Corporation dated December 31, 2008</div>
</td>
</tr>
</table>

<div>&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-21</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<table id="0f9581385d5b483981ff828c47577a80" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">14.1</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Code of Business Conduct and Ethics of Mexco Energy Corporation filed with the Company&#8217;s Quarterly Report on Form 10-Q filed on November 15, 2004, and incorporated herein by reference.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">21.1</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Subsidiaries of Mexco Energy Corporation</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">23.1</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Consent of Grant Thornton LLP, Independent Registered Public Accounting Firm</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">23.2</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Consent of Joe C. Neal &amp; Associates, Independent Petroleum Engineers</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">31.1</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Certification of the Chief Executive Officer of the Company pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">31.2</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Certification of the Chief Financial Officer of the Company pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">32.1</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 6.61%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">99.1</div>
</td>
<td style="WIDTH: 93.39%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Report of Joe C. Neal &amp; Associates, Independent Petroleum Engineer</div>
</td>
</tr>
</table>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">___________________</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="LINE-HEIGHT: 1.15">&#160;</div>
</div>

<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">F-22</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>fp0014808_ex102.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div style="FONT-WEIGHT: normal">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">EXHIBIT 10.2</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">LOAN AGREEMENT</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">This Agreement dated as of December 31, 2008, is between <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Bank of America, N.A.</font> (the "Bank") and <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">MEXCO ENERGY CORPORATION</font>, a Colorado corporation ("Mexco") and <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">FORMAN ENERGY CORPORATION</font>, a New York corporation (&#8220;Forman,&#8221; and together with Mexco, &#8220;Borrowers&#8221; or individually, a &#8220;Borrower&#8221;).</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="fb7218d536744873911d58b91c4b7738" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">1.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">FACILITY NO. 1: LINE OF CREDIT AMOUNT AND TERMS</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="e8486544bcdd4b118f311eca693e24dd" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">1.1</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Line of Credit Amount</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="cccfccaeed4e49f789a2c183f4e2a76a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">During the availability period described below, the Bank will provide a line of credit to the Borrowers. The amount of the line of credit (the "Facility No. 1 Commitment") is the lesser of (i) <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">FIVE MILLION AND NO/100 DOLLARS</font>&#160;<font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">($5,000,000.00</font>), or (ii) the Borrowing Base as determined by Bank from time to time in accordance with this Agreement.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="84df7ed2903748a6b867125ae40922fe" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">This is a revolving line of credit. Subject to the terms hereof, during the availability period, the Borrowers may repay principal amounts and reborrow them.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="1a951a4a12f145f3a189b352ed70744f" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">1.2</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Availability Period</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The line of credit is available between the date of this Agreement and October 31, 2010, or such earlier date as the availability may terminate as provided in this Agreement (the "Facility No. 1 Expiration Date").</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="5ebf373fc1b14158ab30c81954d436c0" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">1.3</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Borrowing Base</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The &#8220;Borrowing Base&#8221; is the amount of the loan value which Bank assigns, in the exercise of its sole discretion, to the collateral pledged by Borrowers to the Bank as security for Facility No. 1. The Borrowing Base is initially set at the amount of $4,900,000, but may be redetermined at least annually by Bank and at any time that it appears to the Bank, in its sole discretion, that there has been a material change in the value of the collateral securing Borrowers&#8217; obligations to the Bank under this Agreement. In the event that the unpaid principal under this facility shall, at any time, be in excess of the Borrowing Base as a result of any Borrowing Base redetermination made by the Bank hereunder, Borrower shall, within fifteen (15) days thereafter (a) by instruments satisfactory in form and substance to the Bank, provide the Bank with additional collateral with value in an amount satisfactory to the Bank in order to increase the Borrowing Base by an amount at least equal to such excess, or (b) prepay the principal outstanding under this facility in an amount at least equal to such excess.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="06c1a22f1d7f4f148408301c91fe19dd" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">1.4</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Repayment Terms</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="6d8f6765c70e4cd5b65e4e9fcfeab699" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The Borrowers will pay interest on January 5, 2009, and then on the same day of each month thereafter until payment in full of any principal outstanding under this facility.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="1f0dcb425f704319834109991681a6df" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The Borrowers will repay in full any principal, interest or other charges outstanding under this facility no later than the Facility No. 1 Expiration Date.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="943f2b7abfc840998c122795081a0258" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The Borrowers may prepay the loan in full or in part at any time. The prepayment will be applied to the most remote payment of principal due under this Agreement.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="8fafa00cf7a64e35b75a23afff9fea3a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">1.5</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Interest Rate</u></font>.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="8c80bc9946674baea081489104d61194" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The interest rate is a rate per year equal to the lesser of (i) the BBA LIBOR Daily Floating Rate, plus 2.50 percentage points, or (ii) the maximum lawful rate of interest permitted under applicable usury laws, now or hereafter enacted (the "Maximum Rate").</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center">&#160;</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="d1da070aefb44adcb167255555b14ae1" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The BBA LIBOR Daily Floating Rate is a fluctuating rate of interest equal to the rate per annum equal to the British Bankers Association LIBOR Rate (&#8220;BBA LIBOR&#8221;), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as selected by the Bank from time to time) as determined for each banking day at approximately 11:00 a.m. London Time two (2) London Banking Days prior to the date in question, for U.S. Dollar deposits (for delivery on the first day of such interest period) with a one-month term, as adjusted from time to time in the Bank&#8217;s sole discretion for reserve requirements, deposit insurance assessment rates and regulatory costs. If such rate is not available at such time for any reason, then the rate for that interest period will be determined by such alternate method as reasonably selected by the Bank. A &#8220;London Banking Day&#8221; is a day on which banks in London are open for business and dealing in offshore dollars.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="9d27aaa316d6471bb761021093e1a2f1" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">2.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">FEES AND EXPENSES</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="8719c0fc1ef5481ab7bbc1771434f5f2" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">2.1</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Unused Commitment Fee</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Borrowers shall pay to the Bank an unused commitment fee (the &#8220;Unused Commitment Fee&#8221;) in an amount equal to one half of one percent (.50%) times the daily average of the unadvanced amount of the Facility No. 1 Commitment. Such Unused Commitment Fee shall be calculated on the basis of a year consisting of 360 days. The Unused Commitment Fee shall be payable quarterly in arrears on the last day of each calendar quarter beginning March 31, 2009, with the first payment being for the period from the date of this Agreement through March 31, 2009, and with the final fee payment due on the Facility No.&#160;1 Expiration Date for any period then ending for which the Unused Commitment Fee shall not have been theretofore paid. In the event the Facility No. 1 Expiration Date terminates on any date prior to the end of such quarterly period, Borrowers shall pay to the Bank on the date of such termination, the total Unused Commitment Fee due for the period in which such termination occurred.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="72ffb29f478b493da96b44119114a8f1" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">2.2</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Expenses</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers agree to immediately repay the Bank for expenses that include, but are not limited to, filing, recording and search fees, appraisal fees, title report fees, and documentation fees.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="f9797b032141452e8b3fb3c6909ef6b5" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">2.3</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Reimbursement Costs</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="7a4bfd494c004277a8e7d279b6f33ea8" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The Borrowers agree to reimburse the Bank for any expenses it incurs in the preparation of this Agreement and any agreement or instrument required by this Agreement. Expenses include, but are not limited to, reasonable attorneys' fees, including any allocated costs of the Bank's in-house counsel to the extent permitted by applicable law.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="04c8c7c4c59e43588bc13f984d6861a0" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The Borrowers agree to reimburse the Bank for the cost of periodic field examinations of the Borrowers&#8217; books, records and collateral, and appraisals of the collateral, at such intervals as the Bank may reasonably require. The actions described in this paragraph may be performed by employees of the Bank or by independent appraisers.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="f36b2fc905d8497491e42a382875d3c6" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">2.4</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>No Excess Fees</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Notwithstanding anything to the contrary in this Section 2, in no event shall any sum payable under this Section 2 (to the extent, if any, constituting interest under applicable laws), together with all other amounts constituting interest under applicable laws and payable in connection with the credit evidenced hereby, exceed the amount of interest computed at the Maximum Rate.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">2</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="fba955df81a94c5aa9101ea08e5448e9" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">3.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">COLLATERAL</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="f1caea8e233d4025b118a07308d266ca" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">3.1</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Real and Personal Property</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers&#8217; obligations to the Bank under this Agreement will be secured by liens covering Mexco&#8217;s interest in the oil and gas real and personal property collateral described in the Deed of Trust executed by Mexco and by liens covering Mexco&#8217;s interest in all of the issued and outstanding capital stock of Forman.</div>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="c46cc5fa04334d4fbc0e9343e5d06b77" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">4.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">DISBURSEMENTS, PAYMENTS AND COSTS</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="46342ceff51d482bb0df8cb123a50892" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">4.1</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Disbursements and Payments</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="1efcfb36f6674028806821daa03b1807" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Each payment by the Borrowers will be made in U.S. Dollars and immediately available funds by debit to a deposit account, as described in this Agreement or otherwise authorized by the Borrowers. For payments not made by direct debit, payments will be made by mail to the address shown on the Borrowers&#8217; statement or at one of the Bank&#8217;s banking centers in the United States, or by such other method as may be permitted by the Bank.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="579d0e58654e4bc98c2476cd0c8bf46b" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The Bank may honor instructions for advances or repayments given by the Borrowers (if an individual), or by any one of the individuals authorized to sign loan agreements on behalf of the Borrowers, or any other individual designated by any one of such authorized signers (each an &#8220;Authorized Individual&#8221;).</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="fe873edc330044f0bbd74e336dd0cdfb" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">For any payment under this Agreement made by debit to a deposit account, the Borrowers will maintain sufficient immediately available funds in the deposit account to cover each debit. If there are insufficient immediately available funds in the deposit account on the date the Bank enters any such debit authorized by this Agreement, the Bank may reverse the debit.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="3c2b2dac352f455aae753ddc347464c3" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">(d)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Each disbursement by the Bank and each payment by the Borrowers will be evidenced by records kept by the Bank. In addition, the Bank may, at its discretion, require the Borrowers to sign one or more promissory notes.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="fa117d3fc2e74e31bd8f6fe100258227" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(e)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Prior to the date each payment of principal and interest and any fees from the Borrowers becomes due (the "Due Date"), the Bank will mail to the Borrowers a statement of the amounts that will be due on that Due Date (the "Billed Amount"). The calculations in the bill will be made on the assumption that no new extensions of credit or payments will be made between the date of the billing statement and the Due Date, and that there will be no changes in the applicable interest rate. If the Billed Amount differs from the actual amount due on the Due Date (the "Accrued Amount"), the discrepancy will be treated as follows:</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="33948216434b4728ae586ae14cd55160" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(i)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">If the Billed Amount is less than the Accrued Amount, the Billed Amount for the following Due Date will be increased by the amount of the discrepancy. The Borrowers will not be in default by reason of any such discrepancy.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="3def114ff73441b7b417286f3a64e6f2" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(ii)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">If the Billed Amount is more than the Accrued Amount, the Billed Amount for the following Due Date will be decreased by the amount of the discrepancy.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">Regardless of any such discrepancy, interest will continue to accrue based on the actual amount of principal outstanding without compounding. The Bank will not pay the Borrowers&#8217; interest on any overpayment.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">3</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="afd4f2dabab547939227ee87aab0111c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">4.2</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Telephone and Telefax Authorization</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="507f973850424ffd9335d2b3b074202d" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The Bank may honor telephone or telefax instructions for advances or repayments given, or purported to be given, by any one of the Authorized Individuals.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="a3ad041f54db49f0bffdedc6008e4e76" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The Borrowers will indemnify and hold the Bank harmless from all liability, loss, and costs in connection with any act resulting from telephone or telefax instructions the Bank reasonably believes are made by any Authorized Individual. This paragraph will survive this Agreement's termination, and will benefit the Bank and its officers, employees, and agents.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="893ff5003dea47c7ac2ddbd08d3fd77c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">4.3</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Direct Debit</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers agree that on the Due Date the Bank will debit the Billed Amount from deposit account number 0035xxxxxxxx owned by the Borrowers, or such other of the Borrowers&#8217; accounts with the Bank as designated in writing by the Borrowers (the "Designated Account"). The Borrowers may terminate this Direct Debit arrangement at any time by sending written notice to the Bank at the address specified at the end of this Agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="7271e74ccec34415ac7161e6489d62b1" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">4.4</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Banking Days</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 0.9pt">Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday, Sunday or other day on which commercial banks are authorized to close, or are in fact closed, in the state where the Bank's lending office is located, and, if such day relates to amounts bearing interest at an offshore rate (if any), means any such day on which dealings in dollar deposits are conducted among banks in the offshore dollar interbank market. All payments and disbursements which would be due on a day which is not a banking day will be due on the next banking day. All payments received on a day which is not a banking day will be applied to the credit on the next banking day.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="0d5b31b1380b44919229c3ea4eb92554" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">4.5</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Interest Calculation</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 0.9pt">Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="cbe929ed532d4f4ab6a7b47300001a46" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">4.6</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Default Rate</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 0.9pt">Upon the occurrence of any default or after maturity or after judgment has been rendered on any obligation under this Agreement, all amounts outstanding under this Agreement, including any interest, fees, or costs which are not paid when due, will at the option of the Bank bear interest at a rate which is the lesser of (i) the Maximum Rate, or (ii) 4.0 percentage point(s) higher than the rate of interest otherwise provided under this Agreement. This may result in compounding of interest. This will not constitute a waiver of any default.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="2db966c7c07f47ffb59b339923624238" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">5.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">CONDITIONS</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 0.9pt">Before the Bank is required to extend any credit to the Borrowers under this Agreement, it must receive any documents and other items it may reasonably require, in form and content acceptable to the Bank, including any items specifically listed below.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">4</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="4e1d71b1bee9401a9bbc2d84d7e2cd06" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">5.1</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Authorizations</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 0.9pt">If the Borrowers or any guarantor is anything other than a natural person, evidence that the execution, delivery and performance by the Borrowers and/or such guarantor of this Agreement and any instrument or agreement required under this Agreement have been duly authorized.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="2d5fa78a605d48c7b220179564461ac4" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">5.2</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Governing Documents</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 0.9pt">If required by the Bank, a copy of the Borrowers' organizational documents.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="a7ffafe684ca45d4a71c2b0fcfb73539" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">5.3</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Security Agreements</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15; TEXT-INDENT: -35.1pt">Signed original security agreements covering the personal property collateral which the Bank requires.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="9ad07c04d41646bf91f8bcdd5a565fa9" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">5.4</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Perfection and Evidence of Priority</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 0.9pt; LINE-HEIGHT: 1.15; TEXT-INDENT: 0.9pt">Evidence that the security interests and liens in favor of the Bank are valid, enforceable, properly perfected in a manner acceptable to the Bank and prior to all others' rights and interests, except those the Bank consents to in writing. All title documents for motor vehicles which are part of the collateral must show the Bank's interest.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="479a96aa65684b4abec3b85cf3b183f7" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">5.5</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Payment of Fees</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 0.9pt">Payment of all fees and other amounts due and owing to the Bank, including without limitation payment of all accrued and unpaid expenses incurred by the Bank as required by the paragraph entitled "Reimbursement Costs."</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="58aa0d213d6f4ee694e826e9d7a1a6f4" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">5.6</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Good Standing</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Certificates of good standing for the Borrowers from their states of formation and from any other state in which the Borrowers are required to qualify to conduct their business.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="8172579b8c6e45fea4963d1983d5c0c4" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">5.7</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Insurance</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Evidence of insurance coverage, as required in the "Covenants" section of this Agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="2a86add486a0429eb4d36ce744336011" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">5.8</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Deed of Trust</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Signed and acknowledged original deed of trust, as required by the Bank, encumbering the real property collateral.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="985c24a1da1b4802a90dcec3b16b134e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">6.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">REPRESENTATIONS AND WARRANTIES</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">When the Borrowers sign this Agreement, and until the Bank is repaid in full, the Borrowers jointly and severally make the following representations and warranties. Each request for an extension of credit constitutes a renewal of these representations and warranties as of the date of the request:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="84be878f0e284b1aaae582c18c46dd7a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">6.1</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Formation</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">If a Borrower is anything other than a natural person, it is duly formed and existing under the laws of the state or other jurisdiction where organized.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">5</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="9a321feae472496692b212c68e97c31e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">6.2</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Authorization</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">This Agreement, and any instrument or agreement required hereunder, are within each Borrower's powers, have been duly authorized, and do not conflict with any of its organizational papers.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="a826e45537544a8ea478d6b5ba0769ca" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">6.3</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Enforceable Agreement</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">This Agreement is a legal, valid and binding agreement of the Borrowers, enforceable against the Borrowers in accordance with its terms, and any instrument or agreement required hereunder, when executed and delivered, will be similarly legal, valid, binding and enforceable.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="76d36a7ee7f340eda3476d80962efeab" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">6.4</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Good Standing</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">In each state in which the Borrowers do business, each is properly licensed, in good standing, and, where required, in compliance with fictitious name statutes.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="0db23b9480bc49acaf628b08e074af68" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">6.5</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>No Conflicts</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">This Agreement does not conflict with any law, agreement, or obligation by which either Borrower is bound.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="83afdb4adcff459db133b3b20f738ee7" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">6.6</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Financial Information</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">All financial and other information that has been or will be supplied to the Bank is sufficiently complete to give the Bank accurate knowledge of the Borrowers' (and any guarantor's) financial condition, including all material contingent liabilities. Since the date of the most recent financial statement provided to the Bank, there has been no material adverse change in the business condition (financial or otherwise), operations, properties or prospects of either Borrower (or any guarantor).</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="0077288287e6472c947006e257ffea6b" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">6.7</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Lawsuits</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">There is no lawsuit, tax claim or other dispute pending or threatened against either Borrower which, if lost, would impair either Borrower's financial condition or ability to repay the loan, except as have been disclosed in writing to the Bank.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="b1b1ebf44b4f4c35abad813a026eb46a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">6.8</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Collateral</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">All collateral required in this Agreement is owned by the grantor of the security interest free of any title defects or any liens or interests of others, except those which have been approved by the Bank in writing.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="7a26d616204a4deba7b9a2bdf0318432" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">6.9</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Permits, Franchises</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers possess all permits, memberships, franchises, contracts and licenses required and all trademark rights, trade name rights, patent rights, copyrights, and fictitious name rights necessary to enable them to conduct the businesses in which each is now engaged.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="b202e3188f944efb80d397b4182f10bd" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">6.10</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Other Obligations</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers are not in default on any obligation for borrowed money, any purchase money obligation or any other material lease, commitment, contract, instrument or obligation, except as have been disclosed in writing to the Bank.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">6</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="1247265041044bb1b5ec08d23f1cb21a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">6.11</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Tax Matters</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers have no knowledge of any pending assessments or adjustments of their income tax for any year and all taxes due have been paid, except as have been disclosed in writing to the Bank.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="d2c719f7dad441d7abeb273fa4fd2161" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">6.12</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>No Event of Default</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">There is no event which is, or with notice or lapse of time or both would be, a default under this Agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="efeb91946d094a0ea54ba7fa83cb8a16" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">6.13</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Insurance</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers have obtained, and maintained in effect, the insurance coverage required in the "Covenants" section of this Agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="3a3e1d5decc94f08b7166e7d1fa52a06" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">6.14</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Location of Borrowers</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The place of business of the Borrowers (or, if the Borrowers have more than one place of business, their chief executive office) is located at the address listed on the signature page of this Agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="edc1159ef51840e6950ed9a436d92958" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 21.6pt; VERTICAL-ALIGN: top; align: right">7.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: justify">COVENANTS</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers jointly and severally agree, so long as credit is available under this Agreement and until the Bank is repaid in full:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="6d7fb951e3fa40baa01c84dca601017a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.1</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Use of Proceeds</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">To use the proceeds of Facility No. 1 only for the working capital needs of Borrowers.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="a64124b722e945b4847e32f354d069da" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.2</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Financial Information</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">To provide the following financial information and statements in form and content acceptable to the Bank, and such additional information as requested by the Bank from time to time. The Bank reserves the right, upon written notice to the Borrowers, to require the Borrowers to deliver financial information and statements to the Bank more frequently than otherwise provided below, and to use such additional information and statements to measure any applicable financial covenants in this Agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="10a27ba75b664a9d80c220171b3740f0" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Within one hundred (100) days of each fiscal year end of Mexco,<font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">&#160;</font>the annual audited financial statements of Mexco. These financial statements must be audited (with an opinion satisfactory to the Bank) by a certified public accountant acceptable to the Bank. The statements shall be prepared on a consolidated basis.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="0abe592235044503a3619cf08c90e085" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Within forty-five (45) days of the period's end (excluding the last period in each fiscal year), quarterly financial statements of Mexco, certified and dated by an authorized financial officer. These financial statements may be company-prepared. The statements shall be prepared on a consolidated basis.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="6f053ccd723247cd94e650f2cf5870f2" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Promptly, upon sending or receipt, copies of any management letters and correspondence relating to management letters, sent or received by Mexco to or from Mexco&#8217;s auditor. If no management letter is prepared, the Bank may, in its discretion, request a letter from such auditor stating that no deficiencies were noted that would otherwise be addressed in a management letter.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">7</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="9f9f1b3d80514db0acb087fd04b3be4a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(d)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">On or before June 1 of each calendar year an engineering report covering all of Borrowers&#8217; material oil and gas properties dated effective as of March 31st of each such year, and at such other times as the Bank may request, an engineering report covering all of Borrowers&#8217; material oil and gas properties dated effective not more than sixty (60) days prior to the delivery of the same to the Bank. Each such engineering report shall be prepared by an independent petroleum engineering firm acceptable to the Bank, utilizing economic pricing parameters used by the Bank as established from time to time, together with such other information, reports and data concerning the value of said oil and gas properties as the Bank shall deem necessary.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="248c3896a75c41b8b7b017632961879e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(e)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Copies of the Form 10-K Annual Report, Form 10-Q Quarterly Report and Form 8-K Current Report for Mexco within thirty (30) days after the date of filing with the Securities and Exchange Commission.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="e5768881f60340a592d65036c05c242e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(f)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Within 100 days of the end of each fiscal year,<font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">&#160;</font>a compliance certificate of the Borrowers, signed by an authorized financial officer and setting forth (i) the information and computations (in sufficient detail) to establish compliance with all financial covenants at the end of the period covered by the financial statements then being furnished and (ii) whether there existed as of the date of such financial statements and whether there exists as of the date of the certificate, any default under this Agreement and, if any such default exists, specifying the nature thereof and the action the Borrowers are taking and propose to take with respect thereto.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="28a8293a50f844748db7330dd4e59604" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(g)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Within 45 days of the end of each fiscal quarter, a compliance certificate of the Borrowers, signed by an authorized financial officer and setting forth (i) the information and computations (in sufficient detail) to establish compliance with all financial covenants at the end of the period covered by the financial statements then being furnished and (ii) whether there existed as of the date of such financial statements and whether there exists as of the date of the certificate, any default under this Agreement and, if any such default exists, specifying the nature thereof and the action the Borrowers are taking and propose to take with respect thereto.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="a732422e99024db8b4801dbd877fb9d1" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(h)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Promptly upon the Bank's request, such other books, records, statements, lists of property and accounts, budgets, forecasts or reports as to the Borrowers and as to each guarantor of the Borrowers' obligations to the Bank as the Bank may request.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="3a44c6cac04c4d20a9280dc5a55acfec" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">7.3</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Tangible Net Worth</u></font>.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">To maintain on a consolidated basis, Tangible Net Worth equal to at least the sum of the following:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="0db8d4ac1ea24307bb9a5ad29eb6045c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Six Million Two Hundred Fifty-Seven Thousand Dollars ($6,257,000); plus</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="85b535fc58e24d2f8a6e087a502cf5ab" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The sum of 50% of net income after income taxes (without subtracting losses) earned in each quarterly accounting period commencing after June 30, 2008; plus</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="f19ea1c6d722445abe272ee0beea847c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">(c)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The net proceeds for from any equity securities issues after the date of this Agreement.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">As used herein, &#8220;Tangible Net Worth&#8221; means the value of total assets (including leaseholds and leasehold improvements and reserves against assets but excluding goodwill, patents, trademarks, trade names, organization expense, unamortized debt discount and expense, capitalized or deferred research and development costs, deferred marketing expenses and other like intangibles, and monies due from affiliates, officers, directors, employees, shareholders, members or managers) less total liabilities, including but not limited to accrued and deferred income taxes, but excluding the non-current portion of Subordinated Liabilities. &#8220;Subordinated Liabilities&#8221; means liabilities subordinated to the Borrowers&#8217; obligations to the Bank in a manner acceptable to the Bank in its sole discretion.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">8</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="b69ffa98134d4ab7bdf703206143b042" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.4</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Dividends and Distributions</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Not to declare or pay any dividends (except dividends paid in capital stock), redemptions of stock, distributions and withdrawals (as applicable) to its owners.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="f11c0aadf18d46b0a0df3996078c249f" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.5</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Other Debts</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank), or become liable for the liabilities of others, without the Bank's written consent. This does not prohibit:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="220a3d02f97e41c0a0b6660b85c8dfb3" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Acquiring goods, supplies, or merchandise on normal trade credit.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="7863ab1078024c2cb6858b7295842a36" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Endorsing negotiable instruments received in the usual course of business.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="32d0d4c957e74556800bdacd5029b783" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Obtaining surety bonds in the usual course of business.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="c55b12f5761a4d2a8a7a91d4713223bc" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(d)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Liabilities, lines of credit and leases in existence on the date of this Agreement disclosed in writing to the Bank in the Borrowers' most recent financial statement.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="9bd327d83b2b42a8b0a7c49e33abb65b" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.6</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Other Liens</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Not to create, assume, or allow any security interest or lien (including judicial liens) on property the Borrowers now or later own, except:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="08391daf9818444e84bb4e781dc842d5" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Liens and security interests in favor of the Bank.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="36958c3b14a94502af14349d12becdeb" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Liens for taxes not yet due.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="1b4682a6cd454bd49cd9c49d6a705d85" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Liens outstanding on the date of this Agreement disclosed in writing to the Bank.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="191fc672f25e415287a2c6c4fa3e821e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.7</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Investments</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Not to have any existing, or make any new, investments in any individual or entity, or make any capital contributions or other transfers of assets to any individual or entity, except for:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="6d66574bd75d4768b1e86c572c28257b" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Existing investments disclosed to the Bank in writing.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="c7f864872b5a4b3a98077ce51d834ee9" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Investments in the Borrowers&#8217; current subsidiaries.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="6235f1c81983475989b168f38e275485" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.8</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Loans</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Not to make any loans, advances or other extensions of credit to any individual or entity, except for:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="989682d4a1bb419284d25051556a0c3b" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Existing extensions of credit disclosed to the Bank in writing.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="15261ae6e8f5433c8e186bc2b82e7b83" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Extensions of credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services in the ordinary course of business to non-affiliated entities.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="427662102b604acaa444acae69d865fa" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.9</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Loans to Officers or Affiliates</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Not to make any loans, advances or other extensions of credit (including extensions of credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services) to any of the Borrowers' executives, officers, directors or shareholders (or any relatives of any of the foregoing), or to any affiliated entities.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">9</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="6527f52da9244d99908c0171e7ba2342" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.10</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Change of Management</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Not to make any substantial change in the present executive or management personnel of the Borrowers.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="344c82157a094f8a808934696d8bea55" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.11</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Additional Negative Covenants</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Not to, without the Bank's written consent:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="b19bb14b9d5646eda3c7f5332b6d4810" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="393a37c708de48d8bed57a26d5f21159" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Acquire or purchase a business or its assets.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="387fc90572074b5dbfa5442ba232e386" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">(c)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Engage in any business activities substantially different from the Borrowers' present businesses.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="566299a2406048a8ae5838acfcde108a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(d)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Liquidate or dissolve either of the Borrower&#8217;s businesses.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="dc114057c0e143b7a43519812e9f258a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(e)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Sell, lease, assign or otherwise dispose of or transfer any assets, except in the normal course of business.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="8a86e0d41f6148899657d3e3b8e9eaf0" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">7.12</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15"><u>Notices to Bank.</u></div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">To promptly notify the Bank in writing of:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="037e7a00710543dab55315645a7577ca" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Any lawsuit against a Borrower or any Obligor.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="bd8bc311df804d0a841f42911af9fe74" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Any substantial dispute between any governmental authority and a Borrower or any Obligor.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="a05be3f1fff94daa9881e44e273782d2" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Any event of default under this Agreement, or any event which, with notice or lapse of time or both, would constitute an event of default.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="075228153b8846a7bc6f25b89f48663f" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(d)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Any material adverse change in a Borrower's or any Obligor&#8217;s business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="042b59b1d4e84510999273c0b6a83fe5" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(e)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Any change in a Borrower's or any Obligor&#8217;s name, legal structure, principal residence (for an individual), state of registration (for a registered entity), place of business, or chief executive office if a Borrower or any Obligor has more than one place of business.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="cd53f285f82d4e1cb3bfd1662dfa074b" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(f)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Any actual contingent liabilities of a Borrower or any Obligor, and any such contingent liabilities which are reasonably foreseeable.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">For purposes of this Agreement, &#8220;Obligor&#8221; shall mean any guarantor, any party pledging collateral to the Bank, or, if the Borrowers are comprised of the trustees of a trust, any trustor.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="229f3567d7f54d519c1ea9052b1505e3" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.13</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Insurance</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="26b1c9662f1a4772a357b598917eeb73" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">&#160;(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>General Business Insurance</u></font>. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrowers' properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for the Borrowers' businesses. Each policy shall provide for at least thirty (30) days prior notice to the Bank of any cancellation thereof.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">10</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="dba4fa4537714cf7b9c0741d9d545411" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Insurance Covering Collateral</u></font>. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="b8692150546a45a699da8cb37823d12d" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Evidence of Insurance</u></font>. Upon the request of the Bank, to deliver to the Bank a copy of each insurance policy, or, if permitted by the Bank, a certificate of insurance listing all insurance in force.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="9fc093be8f3747f5992a1abd105f3ad9" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.14</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><u>Compliance with Laws.</u></td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">To comply with the laws (including any fictitious or trade name statute), regulations, and orders of any government body with authority over the Borrowers' businesses. The Bank shall have no obligation to make any advance to the Borrowers except in compliance with all applicable laws and regulations and the Borrowers shall fully cooperate with the Bank in complying with all such applicable laws and regulations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="211ba15cf7db465fb0007c026d2e7232" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.15</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>ERISA Plans</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Promptly during each year, to pay and cause any subsidiaries to pay contributions adequate to meet at least the minimum funding standards under ERISA with respect to each and every Plan; file each annual report required to be filed pursuant to ERISA in connection with each Plan for each year; and notify the Bank within ten (10) days of the occurrence of any Reportable Event that might constitute grounds for termination of any capital Plan by the Pension Benefit Guaranty Corporation or for the appointment by the appropriate United States District Court of a trustee to administer any Plan. "ERISA" means the Employee Retirement Income Security Act of 1974, as amended from time to time. Capitalized terms in this paragraph shall have the meanings defined within ERISA.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="ee4c5d56750a44b5bdf7f8dbe482c9d4" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.16</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Books and Records</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">To maintain adequate books and records.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="772ceeff3b4048f0815f9d2ad8d0327a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.17</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Audits</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">To allow the Bank and its agents to inspect the Borrowers' properties and examine, audit, and make copies of books and records at any reasonable time. If any of the Borrowers' properties, books or records are in the possession of a third party, the Borrowers authorize that third party to permit the Bank or its agents to have access to perform inspections or audits and to respond to the Bank's requests for information concerning such properties, books and records.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="3fa0649c5f6e485981d6e8707235ed2e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">7.18</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Perfection of Liens</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">To help the Bank perfect and protect its security interests and liens, and reimburse it for related costs it incurs to protect its security interests and liens.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="2685d4734c40404ab29af48a55ae7f22" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 15px; VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">7.19</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Bank as Principal Depository</u></font>.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">To maintain the Bank as its principal depository bank, including for the maintenance of business, cash management, operating and administrative deposit accounts.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="ee6369ee0d2a499da6bf833ebfbee151" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">7.20</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Cooperation</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">To take any action reasonably requested by the Bank to carry out the intent of this Agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">11</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="969d9a8751eb4db29fe36d6928530ab2" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">8.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">HAZARDOUS SUBSTANCES - REAL PROPERTY SECURITY</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="ed39a622107e4e7fa60ebaaf111a7679" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">8.1</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Indemnity Regarding Hazardous Substances</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers agree to indemnify and hold the Bank harmless from and against all liabilities, claims, actions, foreseeable and unforeseeable consequential damages, costs and expenses (including sums paid in settlement of claims and all consultant, expert and legal fees and expenses of the Bank's counsel) or loss directly or indirectly arising out of or resulting from any of the following:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="fc7c96cb0d674cd0bd6eb3108ebc1992" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Any hazardous substance being present at any time, whether before, during or after any construction, in or around any part of the real property collateral securing this Agreement (the "Real Property"), or in the soil, groundwater or soil vapor on or under the Real Property, including those incurred in connection with any investigation of site conditions or any clean-up, remedial, removal or restoration work, or any resulting damages or injuries to the person or property of any third parties or to any natural resources.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="671166ec134a48ec9732f08e2c35d72c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Any use, generation, manufacture, production, storage, release, threatened release, discharge, disposal or presence of a hazardous substance. This indemnity will apply whether the hazardous substance is on, under or about any of the Borrowers' property or operations or property leased to the Borrowers, whether or not the property has been taken by the Bank as collateral.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Upon demand by the Bank, the Borrowers will defend any investigation, action or proceeding alleging the presence of any hazardous substance in any such location, which affects the Real Property or which is brought or commenced against the Bank, whether alone or together with the Borrowers or any other person, all at the Borrowers' own cost and by counsel to be approved by the Bank in the exercise of its reasonable judgment. In the alternative, the Bank may elect to conduct its own defense at the expense of the Borrowers. The Borrowers' obligations to the Bank under this Article, except the obligation to give notices to the Bank, shall survive termination of this Agreement, repayment of the Borrowers' obligations to the Bank under this Agreement, and foreclosure of the deed of trust or mortgage encumbering the Real Property or similar proceedings.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="1d3af1fac79b4027ba805e8a815f95e0" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">8.2</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Representation and Warranty Regarding Hazardous Substances</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Before signing this Agreement, the Borrowers researched and inquired into the previous uses and ownership of the Real Property. Based on that due diligence, the Borrowers represent and warrant that to the best of their knowledge, no hazardous substance has been disposed of or released or otherwise exists in, on, under or onto the Real Property in violation of applicable Environmental Laws, except as the Borrower has disclosed to the Bank in writing.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="bfad676650224288a8a372edb72292d5" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">8.3</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Compliance Regarding Hazardous Substances</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers have complied, and will comply and cause all occupants of the Real Property to comply, with all current and future laws, regulations and ordinances or other requirements of any governmental authority relating to or imposing liability or standards of conduct concerning protection of health or the environment or hazardous substances (&#8220;Environmental Laws&#8221;). The Borrowers shall promptly, at the Borrowers&#8217; sole cost and expense, take all reasonable actions with respect to any hazardous substances or other environmental condition at, on, or under the Real Property necessary to (i) comply with all applicable Environmental Laws; (ii) allow continued use, occupation or operation of the Real Property; or (iii) maintain the fair market value of the Real Property. The Borrowers acknowledge that hazardous substances may permanently and materially impair the value and use of the Real Property.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">12</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="230e21975fb84ee7b8c3b8ebf97065dc" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">8.4</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Notices Regarding Hazardous Substances</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Until full repayment of the loan, the Borrowers will promptly notify the Bank in writing if it knows, suspects or believes there may be any hazardous substance in or around the Real Property, or in the soil, groundwater or soil vapor on or under the Real Property in violation of applicable Environmental Laws, or that the Borrower or the Real Property may be subject to any threatened or pending investigation by any governmental agency under any current or future law, regulation or ordinance pertaining to any hazardous substance.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="1da5bd86060946518a009c226501a54f" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">8.5</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Site Visits, Observations and Testing</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Bank and its agents and representatives will have the right at any reasonable time, after giving reasonable notice to the Borrowers, to enter and visit the Real Property and any other locations where any personal property collateral securing this Agreement is located, for the purposes of observing the Real Property and the personal property collateral, taking and removing environmental samples, and conducting tests on any part of the Real Property. The Borrowers shall reimburse the Bank on demand for the costs of any such environmental investigation and testing. The Bank will make reasonable efforts during any site visit, observation or testing conducted pursuant this paragraph to avoid interfering with the Borrowers&#8217; use of the Real Property and the personal property collateral. The Bank is under no duty, however, to visit or observe the Real Property or the personal property collateral or to conduct tests, and any such acts by the Bank will be solely for the purposes of protecting the Bank's security and preserving the Bank's rights under this Agreement. No site visit, observation or testing or any report or findings made as a result thereof (&#8220;Environmental Report&#8221;) (i) will result in a waiver of any default of the Borrowers; (ii) impose any liability on the Bank; or (iii) be a representation or warranty of any kind regarding the Real Property or the personal property collateral (including its condition or value or compliance with any laws) or the Environmental Report (including its accuracy or completeness). In the event the Bank has a duty or obligation under applicable laws, regulations or other requirements to disclose an Environmental Report to the Borrowers or any other party, the Borrowers authorize the Bank to make such a disclosure. The Bank may also disclose an Environmental Report to any regulatory authority, and to any other parties as necessary or appropriate in the Bank&#8217;s judgment. The Borrowers further understand and agree that any Environmental Report or other information regarding a site visit, observation or testing that is disclosed to the Borrowers by the Bank or its agents and representatives is to be evaluated (including any reporting or other disclosure obligations of the Borrowers) by the Borrowers without advice or assistance from the Bank.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="2d831418f83b4c2ab6ab3a3451b08b77" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">8.6</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Definition of Hazardous Substance</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">"Hazardous substance" means any substance, material or waste that is or becomes designated or regulated as "toxic," "hazardous," "pollutant," or "contaminant" or a similar designation or regulation under any current or future federal, state or local law (whether under common law, statute, regulation or otherwise) or judicial or administrative interpretation of such, including without limitation petroleum or natural gas.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="5b537f10a0f64d8f8bc58d5f688bc11c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">9.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; TEXT-ALIGN: left">DEFAULT AND REMEDIES</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">If any of the following events of default occurs, the Bank may do one or more of the following: declare the Borrowers in default, stop making any additional credit available to the Borrowers, and require the Borrowers to repay their entire debt immediately and without prior notice. If an event which, with notice or the passage of time, will constitute an event of default has occurred and is continuing, the Bank has no obligation to make advances or extend additional credit under this Agreement. In addition, if any event of default occurs, the Bank shall have all rights, powers and remedies available under any instruments and agreements required by or executed in connection with this Agreement, as well as all rights and remedies available at law or in equity. If an event of default occurs under the paragraph entitled "Bankruptcy," below, with respect to the Borrowers, then the entire debt outstanding under this Agreement will automatically be due immediately.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">13</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="f24f2a5e9cc44b53b960d197ed87d6e0" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">9.1</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Failure to Pay</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">The Borrowers fail to make a payment under this Agreement when due.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="28ab7849fc7c4364a2efa8679829866e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">9.2</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Other Bank Agreements</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Any default occurs under any other agreement a Borrower (or any Obligor) or any of the Borrowers' related entities or affiliates has with the Bank or any affiliate of the Bank.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="810ba585b1754a03b1e12be86fd015e8" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">9.3</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Cross-default</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Any default occurs under any agreement in connection with any credit a Borrower (or any Obligor) or any of the Borrowers' related entities or affiliates has obtained from anyone else or which a Borrower (or any Obligor) or any of the Borrowers' related entities or affiliates has guaranteed.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="88070b6f41164aa6935d059e3281ab7e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">9.4</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>False Information</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">A Borrower or any Obligor has given the Bank materially false or misleading information or representations.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="00f2b29e79be4209844adea6ecbcd825" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">9.5</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Bankruptcy</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">A Borrower, any Obligor, or any general partner of a Borrower or of any Obligor files a bankruptcy petition, a bankruptcy petition is filed against any of the foregoing parties, or a Borrower, any Obligor, or any general partner of a Borrower or of any Obligor makes a general assignment for the benefit of creditors.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="2ed18286808749cdb129555189ecce20" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">9.6</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Receivers</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">A receiver or similar official is appointed for a substantial portion of a Borrower's or any Obligor's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="f4c5fa2eb4de4ae68e718b9e4b4346b7" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">9.7</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Lien Priority</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Bank fails to have an enforceable first lien (except for any prior liens to which the Bank has consented in writing) on or security interest in any property given as security for this Agreement (or any guaranty).</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="661d38216906473e97bc43a22e51d958" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">9.8</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Judgments</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Any judgments or arbitration awards are entered against a Borrower or any Obligor, or a Borrower or any Obligor enters into any settlement agreements with respect to any litigation or arbitration.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="98077843ffa9462585ed8c721a36b5c0" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">9.9</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Death</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">If a Borrower or any Obligor is a natural person, a Borrower or such Obligor dies or becomes legally incompetent; if a Borrower or any Obligor is a trust, a trustor dies or becomes legally incompetent; if a Borrower or any Obligor is a partnership, any general partner dies or becomes legally incompetent.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">14</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="fe8f86c7228f47bcacdd55f0ea62887f" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">9.10</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Material Adverse Change</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">A material adverse change occurs, or is reasonably likely to occur, in a Borrower's (or any Obligor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="9362cefd4a77466bae96b652b3a2c89c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">9.11</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Government Action</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Any government authority takes action that the Bank believes materially adversely affects a Borrower's or any Obligor's financial condition or ability to repay.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="16a755b8bd4b49e48bcec73a98fb706f" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">9.12</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Default under Related Documents</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Any default occurs under any guaranty, subordination agreement, security agreement, deed of trust, mortgage, or other document required by or delivered in connection with this Agreement or any such document is no longer in effect, or any guarantor purports to revoke or disavow the guaranty.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="6c87682a4cae455fb4cdd77a4e23d14e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">9.13</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>ERISA Plans</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Any one or more of the following events occurs with respect to a Plan of a Borrower subject to Title IV of ERISA, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject a Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of a Borrower:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="a7787001c3e24671ad59cd1b138add29" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">A reportable event shall occur under Section 4043(c) of ERISA with respect to a Plan.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="dc8a985beb7f49bf8461b8e9fcea7755" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Any Plan termination (or commencement of proceedings to terminate a Plan) or the full or partial withdrawal from a Plan by a Borrower or any ERISA Affiliate.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="b9b4e7f695bd4de3ac36047286aef60d" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">9.14</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Other Breach Under Agreement</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">A default occurs under any other term or condition of this Agreement not specifically referred to in this Article. This includes any failure or anticipated failure by a Borrower (or any other party named in the Covenants section) to comply with any financial covenants set forth in this Agreement, whether such failure is evidenced by financial statements delivered to the Bank or is otherwise known to a Borrower or the Bank.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="3bbdf5dcd1b04868a7cd6b00632ae16c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">10.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left">ENFORCING THIS AGREEMENT; MISCELLANEOUS</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="67f0fd4e88df4098b8a7e76a791259c6" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">10.1</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15"><u>GAAP.</u></div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Except as otherwise stated in this Agreement, all financial information provided to the Bank and all financial covenants will be made under generally accepted accounting principles, consistently applied.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="8f5865c4e4884e27bff8501c5f754399" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">10.2</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Governing Law</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">This Agreement shall be governed and construed in accordance with the laws of Texas. To the extent that the Bank has greater rights or remedies under federal law, whether as a national bank or otherwise, this paragraph shall not be deemed to deprive the Bank of such rights and remedies as may be available under federal law. It is the intention of the parties to comply with applicable usury laws. The parties agree that the total amount of interest contracted for, charged, collected or received by the Bank under this Agreement shall not exceed the Maximum Rate. To the extent, if any, that Chapter 303 of the Texas Finance Code (the "Code") is relevant to the Bank for purposes of determining the Maximum Rate, the parties elect to determine the Maximum Rate under the Code pursuant to the &#8220;weekly ceiling&#8221; from time to time in effect, as referred to and defined in &#167; 303.001-303.016 of the Code; subject, however, to any right the Bank subsequently may have under applicable law to change the method of determining the Maximum Rate. Notwithstanding any contrary provisions contained herein, (a) the Maximum Rate shall be calculated on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be; (b) in determining whether the interest hereunder exceeds interest at the Maximum Rate, the total amount of interest shall be spread throughout the entire term of this Agreement until its payment in full; (c) if at any time the interest rate chargeable under this Agreement would exceed the Maximum Rate, thereby causing the interest payable under this Agreement to be limited to the Maximum Rate, then any subsequent reductions in the interest rate(s) shall not reduce the rate of interest charged under this Agreement below the Maximum Rate until the total amount of interest accrued from and after the date of this Agreement equals the amount of interest which would have accrued if the interest rate(s) had at all times been in effect; (d) if the Bank ever charges or receives anything of value which is deemed to be interest under applicable Texas law, and if the occurrence of any event, including acceleration of maturity of obligations owing to the Bank, should cause such interest to exceed the maximum lawful amount, any amount which exceeds interest at the Maximum Rate shall be applied to the reduction of the unpaid principal balance under this Agreement or any other indebtedness owed to the Bank by the Borrowers, and if this Agreement and such other indebtedness are paid in full, any remaining excess shall be paid to the Borrowers; and (e) Chapter 346 of the Code shall not be applicable to this Agreement or the indebtedness outstanding hereunder.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">15</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="cdb91d39fc7a4fdeb13c1752a8704d7f" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">10.3</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Successors and Assigns</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">This Agreement is binding on the Borrowers' and the Bank's successors and assignees. Each Borrower agrees that it may not assign this Agreement without the Bank's prior consent. The Bank may sell participations in or assign this loan, and may exchange information about the Borrowers (including, without limitation, any information regarding any hazardous substances) with actual or potential participants or assignees. If a participation is sold or the loan is assigned, the purchaser will have the right of set-off against the Borrowers.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="ce004a38c27a4bc69bccdf79636ecf5a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">10.4</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Dispute Resolution Provision</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">This paragraph, including the subparagraphs below, is referred to as the &#8220;Dispute Resolution Provision.&#8221; This Dispute Resolution Provision is a material inducement for the parties entering into this agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="b1540f9af236492484bdc14867e2869c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">This Dispute Resolution Provision concerns the resolution of any controversies or claims between the parties, whether arising in contract, tort or by statute, including but not limited to controversies or claims that arise out of or relate to: (i) this agreement (including any renewals, extensions or modifications); or (ii) any document related to this agreement (collectively a "Claim"). For the purposes of this Dispute Resolution Provision only, the term &#8220;parties&#8221; shall include any parent corporation, subsidiary or affiliate of the Bank involved in the servicing, management or administration of any obligation described or evidenced by this agreement.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="497d040dcc2d4a0c916c488c51108b70" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">At the request of any party to this agreement, any Claim shall be resolved by binding arbitration in accordance with the Federal Arbitration Act (Title 9, U.S. Code) (the "Act"). The Act will apply even though this agreement provides that it is governed by the law of a specified state.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="3d45bab9990544e197ea3709fc15e437" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Arbitration proceedings will be determined in accordance with the Act, the then-current rules and procedures for the arbitration of financial services disputes of the American Arbitration Association or any successor thereof ("AAA"), and the terms of this Dispute Resolution Provision. In the event of any inconsistency, the terms of this Dispute Resolution Provision shall control. If AAA is unwilling or unable to (i) serve as the provider of arbitration or (ii) enforce any provision of this arbitration clause, the Bank may designate another arbitration organization with similar procedures to serve as the provider of arbitration.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">16</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="1f66b1911f134092a7f9c40c0cdd1c7c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(d)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The arbitration shall be administered by AAA and conducted, unless otherwise required by law, in any U.S. state where real or tangible personal property collateral for this credit is located or if there is no such collateral, in the state specified in the governing law section of this agreement. All Claims shall be determined by one arbitrator; however, if Claims exceed Five Million Dollars ($5,000,000), upon the request of any party, the Claims shall be decided by three arbitrators. All arbitration hearings shall commence within ninety (90) days of the demand for arbitration and close within ninety (90) days of commencement and the award of the arbitrator(s) shall be issued within thirty (30) days of the close of the hearing. However, the arbitrator(s), upon a showing of good cause, may extend the commencement of the hearing for up to an additional sixty (60) days. The arbitrator(s) shall provide a concise written statement of reasons for the award. The arbitration award may be submitted to any court having jurisdiction to be confirmed and have judgment entered and enforced.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="d8e81ff0637846eeaf46ff7eac48d88c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(e)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The arbitrator(s) will give effect to statutes of limitation in determining any Claim and may dismiss the arbitration on the basis that the Claim is barred. For purposes of the application of any statutes of limitation, the service on AAA under applicable AAA rules of a notice of Claim is the equivalent of the filing of a lawsuit. Any dispute concerning this arbitration provision or whether a Claim is arbitratable shall be determined by the arbitrator(s), except as set forth at subparagraph (h) of this Dispute Resolution Provision. The arbitrator(s) shall have the power to award legal fees pursuant to the terms of this agreement.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="5fecb43b9eb64495ad2c25bca04ebf75" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(f)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">This paragraph does not limit the right of any party to: (i) exercise self-help remedies, such as but not limited to, setoff; (ii) initiate judicial or non-judicial foreclosure against any real or personal property collateral; (iii) exercise any judicial or power of sale rights, or (iv) act in a court of law to obtain an interim remedy, such as but not limited to, injunctive relief, writ of possession or appointment of a receiver, or additional or supplementary remedies.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="51b227d8cd7d4fc692a3441743802925" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(g)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The filing of a court action is not intended to constitute a waiver of the right of any party, including the suing party, thereafter to require submittal of the Claim to arbitration.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="e7fdf48885de44a88fb53b4e0266b76f" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(h)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Any arbitration or trial by a judge of any Claim will take place on an individual basis without resort to any form of class or representative action (the &#8220;Class Action Waiver&#8221;). Regardless of anything else in this Dispute Resolution Provision, the validity and effect of the Class Action Waiver may be determined only by a court and not by an arbitrator. The parties to this Agreement acknowledge that the Class Action Waiver is material and essential to the arbitration of any disputes between the parties and is nonseverable from the agreement to arbitrate Claims. If the Class Action Waiver is limited, voided or found unenforceable, then the parties&#8217; agreement to arbitrate shall be null and void with respect to such proceeding, subject to the right to appeal the limitation or invalidation of the Class Action Waiver. <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">The Parties acknowledge and agree that under no circumstances will a class action be arbitrated.</font></td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="b8f0480fe25d4f27bd475ee3ec88f160" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(i)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">By agreeing to binding arbitration, the parties irrevocably and voluntarily waive any right they may have to a trial by jury in respect of any Claim. Furthermore, without intending in any way to limit this agreement to arbitrate, to the extent any Claim is not arbitrated, the parties irrevocably and voluntarily waive any right they may have to a trial by jury in respect of such Claim. This waiver of jury trial shall remain in effect even if the Class Action Waiver is limited, voided or found unenforceable. <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">WHETHER THE CLAIM IS DECIDED BY ARBITRATION OR BY TRIAL BY A JUDGE, THE PARTIES AGREE AND UNDERSTAND THAT THE EFFECT OF THIS AGREEMENT IS THAT THEY ARE GIVING UP THE RIGHT TO TRIAL BY JURY TO THE EXTENT PERMITTED BY LAW.</font></td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">17</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="e67eb5437bf54beba0406b6cebebd131" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">10.5</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Severability; Waivers</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">If any part of this Agreement is not enforceable, the rest of the Agreement may be enforced. The Bank retains all rights, even if it makes a loan after default. If the Bank waives a default, it may enforce a later default. Any consent or waiver under this Agreement must be in writing.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="15b272675f3e4b4187521be57eb68ba0" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">10.6</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Attorneys&#8217; Fees</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers shall reimburse the Bank for any reasonable costs and attorneys' fees incurred by the Bank in connection with the enforcement or preservation of any rights or remedies under this Agreement and any other documents executed in connection with this Agreement, and in connection with any amendment, waiver, "workout" or restructuring under this Agreement. In the event of a lawsuit or arbitration proceeding, the prevailing party is entitled to recover costs and reasonable attorneys' fees incurred in connection with the lawsuit or arbitration proceeding, as determined by the court or arbitrator. In the event that any case is commenced by or against a Borrower under the Bankruptcy Code (Title 11, United States Code) or any similar or successor statute, the Bank is entitled to recover costs and reasonable attorneys' fees incurred by the Bank related to the preservation, protection, or enforcement of any rights of the Bank in such a case. As used in this paragraph, "attorneys' fees" includes the allocated costs of the Bank's in-house counsel.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="dfcf76126f6a4dd09221344637335aab" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">10.7</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Joint and Several Liability</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="99dfe4e081684cd891a45662449ca572" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Each Borrower agrees that it is jointly and severally liable to the Bank for the payment of all obligations arising under this Agreement, and that such liability is independent of the obligations of the other Borrower(s). Each obligation, promise, covenant, representation and warranty in this Agreement shall be deemed to have been made by, and be binding upon, each Borrower, unless this Agreement expressly provides otherwise. The Bank may bring an action against any Borrower, whether an action is brought against the other Borrower(s).</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="dd49350e4fa5422896f0c33fec931ea8" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Each Borrower agrees that any release which may be given by the Bank to the other Borrower(s) or any guarantor will not release such Borrower from its obligations under this Agreement.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="825c4da7d17f40618fa4d377598bdaa4" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Each Borrower waives any right to assert against the Bank any defense, setoff, counterclaim, or claims which such Borrower may have against the other Borrower(s) or any other party liable to the Bank for the obligations of the Borrower under this Agreement.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="01be2705e9cb468eab20a639738da8df" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(d)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Each Borrower waives any defense by reason of any other Borrower&#8217;s or any other person's defense, disability, or release from liability. The Bank can exercise its rights against each Borrower even if any other Borrower or any other person no longer is liable because of a statute of limitations or for other reasons.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="3fdceb9512e34674b4f14370d40334f8" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(e)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Each Borrower agrees that it is solely responsible for keeping itself informed as to the financial condition of the other Borrower(s) and of all circumstances which bear upon the risk of nonpayment. Each Borrower waives any right it may have to require the Bank to disclose to such Borrower any information which the Bank may now or hereafter acquire concerning the financial condition of the other Borrower(s).</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="c5765ae3bb3d4322ba5e2bd8df1158fc" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(f)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Each Borrower waives all rights to notices of default or nonperformance by any other Borrower under this Agreement. Each Borrower further waives all rights to notices of the existence or the creation of new indebtedness by any other Borrower and all rights to any other notices to any party liable on any of the credit extended under this Agreement.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="23b4065c65794e5d9700c15d8cbf8f67" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(g)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The Borrowers represent and warrant to the Bank that each will derive benefit, directly and indirectly, from the collective administration and availability of credit under this Agreement. The Borrowers agree that the Bank will not be required to inquire as to the disposition by any Borrower of funds disbursed in accordance with the terms of this Agreement.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">18</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="80f75c40f49547b7a78ef5c8887f4d58" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(h)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Until all obligations of the Borrowers to the Bank under this Agreement have been paid in full and any commitments of the Bank or facilities provided by the Bank under this Agreement have been terminated, each Borrower (a) waives any right of subrogation, reimbursement, indemnification and contribution (contractual, statutory or otherwise), including without limitation, any claim or right of subrogation under the Bankruptcy Code (Title 11, United States Code) or any successor statute, which such Borrower may now or hereafter have against any other Borrower with respect to the indebtedness incurred under this Agreement; (b) waives any right to enforce any remedy which the Bank now has or may hereafter have against any other Borrower, and waives any benefit of, and any right to participate in, any security now or hereafter held by the Bank.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="0826d435898946ffb6b5f7f7cffbcfa1" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(i)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Each Borrower waives any right to require the Bank to proceed against any other Borrower or any other person; proceed against or exhaust any security; or pursue any other remedy. Further, each Borrower consents to the taking of, or failure to take, any action which might in any manner or to any extent vary the risks of the Borrowers under this Agreement or which, but for this provision, might operate as a discharge of a Borrower.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="f7fec9a1375a4a5f80a8e51c934047a5" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">10.8</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Individual Liability</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">If a Borrower is a natural person, the Bank may proceed against such Borrower's business and non-business property in enforcing this and other agreements relating to this loan. If a Borrower is a partnership, the Bank may proceed against the business and non-business property of each general partner of such Borrower in enforcing this and other agreements relating to this loan.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="5b1c6209759c4bf1994fea14a205ae97" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">10.9</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Set-Off</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="c6f65c832f264f309037fb1b8721f78b" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">In addition to any rights and remedies of the Bank provided by law, upon the occurrence and during the continuance of any event of default under this Agreement, the Bank is authorized, at any time, to set off and apply any and all Deposits of a Borrower or any Obligor held by the Bank against any and all Obligations owing to the Bank. The set-off may be made irrespective of whether or not the Bank shall have made demand under this Agreement or any guaranty, and although such Obligations may be contingent or unmatured or denominated in a currency different from that of the applicable Deposits.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="ec3baf0422d04f85ba602f28cbfb3a67" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The set-off may be made without prior notice to the Borrowers or any other party, any such notice being waived by the Borrowers (on their own behalf and on behalf of each Obligor) to the fullest extent permitted by law. The Bank agrees promptly to notify the Borrowers after any such set-off and application; <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>provided</u></font>, <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>however</u></font>, that the failure to give such notice shall not affect the validity of such set-off and application.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="1f3f146cdbf941dc838b9acf9a2c9e3c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">For the purposes of this paragraph, &#8220;Deposits&#8221; means any deposits (general or special, time or demand, provisional or final, individual or joint) and any instruments owned by a Borrower or any Obligor which come into the possession or custody or under the control of the Bank. &#8220;Obligations&#8221; means all obligations, now or hereafter existing, of a Borrower to the Bank under this Agreement and under any other agreement or instrument executed in connection with this Agreement, and the obligations to the Bank of any Obligor.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="4ea3395ba6c14b5a97bb02db3d4d69cd" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">10.10</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>One Agreement</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">This Agreement and any related security or other agreements required by this Agreement, collectively:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">19</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="98168301f3804441ba1da8da02f29000" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">represent the sum of the understandings and agreements between the Bank and the Borrowers concerning this credit;</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="5068156315c5428aab7da3b4a8ac999c" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">replace any prior oral or written agreements between the Bank and the Borrowers concerning this credit; and</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="92537d06cd5e47309a0d6360547ccf21" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">are intended by the Bank and the Borrowers as the final, complete and exclusive statement of the terms agreed to by them.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">In the event of any conflict between this Agreement and any other agreements required by this Agreement, this Agreement will prevail. Any reference in any related document to a &#8220;promissory note&#8221; or a &#8220;note&#8221; executed by the Borrowers and dated as of the date of this Agreement shall be deemed to refer to this Agreement, as now in effect or as hereafter amended, renewed, or restated.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="0fe598cc2a7d49b5ac4c10fa4f536e63" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">10.11</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Indemnification</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers will indemnify and hold the Bank harmless from any loss, liability, damages, judgments, and costs of any kind relating to or arising directly or indirectly out of (a) this Agreement or any document required hereunder, (b) any credit extended or committed by the Bank to the Borrowers hereunder, and (c) any litigation or proceeding related to or arising out of this Agreement, any such document, or any such credit. This indemnity includes but is not limited to attorneys' fees (including the allocated cost of in-house counsel). This indemnity extends to the Bank, its parent, subsidiaries and all of their directors, officers, employees, agents, successors, attorneys, and assigns. This indemnity will survive repayment of the Borrowers' obligations to the Bank. All sums due to the Bank hereunder shall be obligations of the Borrowers, due and payable immediately without demand.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="035ddac85fd9432c8637977a90c198f4" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">10.12</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Notices</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Unless otherwise provided in this Agreement or in another agreement between the Bank and the Borrowers, all notices required under this Agreement shall be personally delivered or sent by first class mail, postage prepaid, or by overnight courier, to the addresses on the signature page of this Agreement, or sent by facsimile to the fax numbers listed on the signature page, or to such other addresses as the Bank and the Borrowers may specify from time to time in writing. Notices and other communications shall be effective (i) if mailed, upon the earlier of receipt or five (5) days after deposit in the U.S. mail, first class, postage prepaid, (ii) if telecopied, when transmitted, or (iii) if hand-delivered, by courier or otherwise (including telegram, lettergram or mailgram), when delivered.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="97278e949ad44156b7abb9870ce93049" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">10.13</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Headings</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Article and paragraph headings are for reference only and shall not affect the interpretation or meaning of any provisions of this Agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="8eb0b86ce60d4f3692468ecdac9d732b" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">10.14</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Counterparts</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">This Agreement may be executed in as many counterparts as necessary or convenient, and by the different parties on separate counterparts each of which, when so executed, shall be deemed an original but all such counterparts shall constitute but one and the same agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="66dfa82ffebc4f608be5288e5c4591fb" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.7pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.3pt; VERTICAL-ALIGN: top; align: right">10.15</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Borrower Information; Reporting to Credit Bureaus</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The Borrowers authorize the Bank at any time to verify or check any information given by a Borrower to the Bank, check a Borrower&#8217;s credit references, verify employment, and obtain credit reports. Each Borrower agrees that the Bank shall have the right at all times to disclose and report to credit reporting agencies and credit rating agencies such information pertaining to the Borrowers and/or all guarantors as is consistent with the Bank's policies and practices from time to time in effect.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">20</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="4c9724e6ee534958a5caa089cfdcb314" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 0.9pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 35.1pt; VERTICAL-ALIGN: top; align: right">10.16</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Prior Agreement Superseded</u></font>.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">This Agreement supersedes and restates the Loan Agreement entered into as of August 6, 2001, including all amendments thereto, between the Bank and the Borrowers, and any credit outstanding thereunder shall be deemed to be outstanding under this Agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="71bd57755a8b4f9fa84e4256b6776f8e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">10.17</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold"><u>USA PATRIOT ACT NOTICE, AFFILIATE SHARING NOTICE and AFFILIATE MARKETING NOTICE</u></font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">.</font></td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">A</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">USA PATRIOT ACT NOTICE</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt">Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account or obtains a loan. The Bank will ask for each Borrower&#8217;s legal name, address, tax ID number or social security number and other identifying information. The Bank may also ask for additional information or documentation or take other actions reasonably necessary to verify the identity of each Borrower, guarantors or other related persons.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">B.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">AFFILIATE SHARING NOTICE</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt">From time to time the Bank may share information about each Borrower&#8217;s experience with Bank of America Corporation (or any successor company) and its subsidiaries and affiliated companies (the &#8220;Affiliates&#8221;), including, but not limited to, the Bank of America Companies listed in notice C. below. The Bank may also share with the Affiliates credit-related information contained in any applications, from credit reports and information it may obtain about each Borrower from outside sources.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt">If a Borrower is an individual, the Borrower may instruct the Bank not to share this information with the Affiliates. A Borrower can make this election by (1) calling the Bank at 1.888.341.5000, (2) visiting the Bank online at <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">www.bankofamerica.com</font>, selecting &#8220;Privacy &amp; Security,&#8221; and then selecting &#8220;Set Your Privacy Preferences,&#8221; or (3) contacting the Borrower&#8217;s client manager or local banking center. To help the Bank complete the Borrower&#8217;s request, the Borrower should include the Borrower&#8217;s name, address, phone number, account numbers(s) and social security number.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt">If a Borrower makes this election, certain products or services may not be made available to the Borrower. This request will apply to information from applications, consumer reports and other outside sources only. Through the normal course of doing business, including servicing the Borrower&#8217;s accounts and better serving the Borrower&#8217;s financial needs, the Bank will continue to share transaction and account experience information, as well as other general information among the Affiliates.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">C.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">AFFILIATE MARKETING NOTICE &#8211; YOUR CHOICE TO LIMIT MARKETING</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(i)</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">The Bank of America companies listed below are providing this notice C.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(ii)</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Federal law gives you the right to limit some but not all marketing from all the Bank of America affiliated companies. Federal law also requires us to give you this notice to tell you about your choice to limit marketing from all the Bank of America affiliated companies.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(iii)</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">You may limit all the Bank of America affiliated companies, such as the banking, loan, credit card, insurance and securities companies, from marketing their products or services to you based upon your personal information that they receive from other Bank of America companies. This information includes your income, your account history, and your credit score.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">21</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(iv)</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Your choice to limit marketing offers from all the Bank of America affiliated companies will apply for at least 5 years from when you tell us your choice. Before your choice to limit marketing expires, you will receive a renewal notice that will allow you to continue to limit marketing offers from all the Bank of America affiliated companies for at least another 5 years.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(v)</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">You may tell us your choice to limit marketing offers and you may tell us the choices for other customers who are joint account holders with you.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(vi)</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">This limitation will not apply in certain circumstances, such as when you have an account or service relationship with the Bank of America company that is marketing to you.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 72pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(vii)</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">For individuals with business purpose accounts, this limitation will only apply to marketing to individuals and not marketing to a business.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">To limit marketing offers, contact us at 800.282.2884</div>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Effective October 1, 2008<br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">Bank of America Companies:</div>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<table id="58d3d3d6f83d433e8f1d74d5f6a0d029" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 53.89%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Banks and Trust Companies</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Bank of America, N.A.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">LaSalle Bank National Association</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">LaSalle Bank Midwest National Association</div>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Credit Card</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Bank of America Consumer Card Services, LLC</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Bank of America</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Fleet Credit Card Services, L.P.</div>
</td>
<td style="WIDTH: 46.11%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Brokerage and Investments</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">BACAP Alternative Advisors, Inc.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Bank of America Capital Advisors LLC</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Banc of America Investment Advisors, Inc.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Banc of America Investment Services, Inc.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Banc of America Securities LLC</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">LaSalle Financial Services, Inc.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">U.S. Trust Hedge Fund Management, Inc.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">UST Securities Corp.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 53.89%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 46.11%; VERTICAL-ALIGN: top"></td>
</tr>

<tr>
<td style="WIDTH: 53.89%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Insurance and Annuities</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">BA Insurance Services, Inc.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Banc of America Agency of Texas, Inc.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Banc of America Insurance Services, Inc.,</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;&#160; dba Banc of America Insurance Agency in&#160;New York State</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">General Fidelity Insurance Company</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">General Fidelity Life Insurance Company</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">LaSalle Financial Services, Inc.</div>
</td>
<td style="WIDTH: 46.11%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Real Estate</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Home Focus Services, LLC</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Administrative Services</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">LaSalle Healthcare Administrative Services, LLC</div>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Merchant Services</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">BA Merchant Services, LLC</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">LaSalle Merchant Services, LLC</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div>
<table id="501c4ef935e14b22ad574a0a8306924d" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 14px; VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">10.18</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Notice of Final Agreement.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">THIS WRITTEN LOAN AGREEMENT AND THE LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">22</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.15">This Agreement is executed as of the date stated at the top of the first page.</div>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<table id="9f83f473b32e4a47ae824e047aed005b" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BORROWERS:</div>
</td>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK:</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION</div>
</td>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK OF AMERICA, N.A.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Kory Clark</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Name:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Kory Clark</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">President</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Title:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Senior Vice President</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="6178c540a33f4bd1bc1771f1d27ba2ca" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">FORMAN ENERGY CORPORATION</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">President</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Address where notices to the Borrowers are to be sent:</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">214 West Texas Avenue, Suite 1101</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Midland, Texas 79701</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Telephone: (432) 682-1119</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Facsimile: (432) 682-1123</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="LINE-HEIGHT: 1.15">Address where notices to the Bank are to be sent:</div>

<div style="LINE-HEIGHT: 1.15">701 S. Taylor</div>

<div style="LINE-HEIGHT: 1.15">Amarillo, Texas 79101</div>

<div style="LINE-HEIGHT: 1.15">Attn: Kory Clark</div>

<div style="LINE-HEIGHT: 1.15">Telephone: (806) 378-1743</div>

<div style="LINE-HEIGHT: 1.15">Facsimile: (806) 374-0845</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="LINE-HEIGHT: 1.15">&#160;</div>
</div>

<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">23</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>3
<FILENAME>fp0014808_ex103.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">EXHIBIT 10.3</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">FIRST AMENDMENT TO LOAN AGREEMENT</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">This First Amendment to Loan Agreement (this "First Amendment") is entered into as of the 28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of October, 2009, by and among <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">MEXCO ENERGY CORPORATION, </font>a Colorado corporation, and <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">FORMAN ENERGY CORPORATION, </font>a New York corporation (collectively, "Borrowers") and <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">BANK OF AMERICA, </font>N.A., a national banking association ("Bank").</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Recitals:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">A.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank entered into that certain Loan Agreement dated December 31, 2008 (the "Loan Agreement").</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">B.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Pursuant to the terms of the Loan Agreement, Bank provided Borrowers a revolving line of credit loan in the amount of $5,000,000.00 (the "Facility No. 1 Loan").</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">C.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank desire to amend the Loan Agreement to reflect the extension of the Facility No. 1 Loan.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained and other good and valuable consideration, it is hereby agreed among Bank and Borrowers as follows:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15"><u>Agreement</u></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">1.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">2.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Section 1.2 of the Loan Agreement is hereby amended in its entirety to read as follows:</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">1.2</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>Availability Period</u></font>.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 63pt; LINE-HEIGHT: 1.15">The line of credit is available between the date of this Agreement and January 31, 2011, or such earlier date as the availability may terminate as provided in this Agreement (the "Facility No. 1 Expiration Date").</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">3.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">By their execution hereof, Borrowers hereby affirm and ratify the Loan Agreement as amended hereby, and all of the other loan documents executed in connection with the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">4.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Neither the execution by Bank of this First Amendment nor anything contained herein shall in any way be construed or operate as a waiver by Bank of any event of default under the Loan Agreement or the other loan documents executed in connection therewith (whether now existing or that may occur hereafter) or any of Bank's rights under the Loan Agreement or any of such other loan documents.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">5.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Except as provided herein, all terms and provisions of the Loan Agreement shall remain unchanged .</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">6.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">As an inducement to Bank to enter into this First Amendment, Borrowers represent and warrant to Bank that (i) the representations and warranties contained in the Loan Agreement are true and correct as of the date hereof, (ii) Borrowers have not breached any of the covenants contained in the Loan Agreement or the other loan documents executed in connection therewith (except as may have been waived in writing by Bank), and (iii) no event of default now exists under the Loan Agreement, nor does there exist any condition or event which, with notice and/or lapse of time, would constitute such an event of default.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">7.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>THIS FIRST AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.</u></font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">EXECUTED effective as of the date first above written.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="7a607ee389374a95a19367653a2ed5b6" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BORROWERS:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 34.86%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK OF AMERICA, N.A.</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 34.86%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 34.86%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Mark A. Formky</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 34.86%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Mark A. Formky</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 34.86%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Assistant Vice President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">FORMAN ENERGY CORPORATION</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="7fadecfe19654d76bf4b39c90a988d7d" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>4
<FILENAME>fp0014808_ex104.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">EXHIBIT 10.4</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">SECOND AMENDMENT TO LOAN AGREEMENT</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">This Second Amendment to Loan Agreement (this "Second Amendment") is entered into as of the 1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup> day of March, 2010, by and among <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">MEXCO ENERGY CORPORATION, </font>a Colorado corporation, and <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">FORMAN ENERGY CORPORATION, </font>a New York corporation (collectively, "Borrowers") and <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">BANK OF AMERICA, </font>N.A., a national banking association ("Bank").</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Recitals:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">A.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank entered into that certain Loan Agreement dated December 31, 2008, as amended by First Amendment to Loan Agreement dated December 28, 2009 (the "Loan Agreement").</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">B.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Pursuant to the terms of the Loan Agreement, Bank provided Borrowers a revolving line of credit loan in the amount of $5,000,000.00 (the "Facility No. 1 Loan").</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">C.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank desire to amend the Loan Agreement to reflect the extension of the Facility No. 1 Loan.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained and other good and valuable consideration, it is hereby agreed among Bank and Borrowers as follows:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15"><u>Agreement</u></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">1.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">2.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Section 1.2 of the Loan Agreement is hereby amended in its entirety to read as follows:</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">1.2</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>Availability Period</u></font>.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 63pt; LINE-HEIGHT: 1.15">The line of credit is available between the date of this Agreement and April 30, 2011, or such earlier date as the availability may terminate as provided in this Agreement (the "Facility No. 1 Expiration Date").</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">3.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">By their execution hereof, Borrowers hereby affirm and ratify the Loan Agreement as amended hereby, and all of the other loan documents executed in connection with the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">4.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Neither the execution by Bank of this Second Amendment nor anything contained herein shall in any way be construed or operate as a waiver by Bank of any event of default under the Loan Agreement or the other loan documents executed in connection therewith (whether now existing or that may occur hereafter) or any of Bank's rights under the Loan Agreement or any of such other loan documents.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">5.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Except as provided herein, all terms and provisions of the Loan Agreement shall remain&#160; unchanged .</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">6.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">As an inducement to Bank to enter into this Second Amendment, Borrowers represent and warrant to Bank that (i) the representations and warranties contained in the Loan Agreement are true and correct as of the date hereof, (ii) Borrowers have not breached any of the covenants contained in the Loan Agreement or the other loan documents executed in connection therewith (except as may have been waived in writing by Bank), and (iii) no event of default now exists under the Loan Agreement, nor does there exist any condition or event which, with notice and/or lapse of time, would constitute such an event of default.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">7.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>THIS SECOND AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.&#160; THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.</u></font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">EXECUTED effective as of the date first above written.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="80d418d938bf43f1a5ae5b30f496847b" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BORROWERS:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35.16%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK OF AMERICA, N.A.</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35.16%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35.16%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">:<font style="FONT-FAMILY: 'Times New Roman', Times, serif"> /s/ Jaime Pfeifer</font></div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35.16%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Jaime Pfeifer</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35.16%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Assistant Vice President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">FORMAN ENERGY CORPORATION</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="cbd4d2d851d04a179f502c2759c11378" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>5
<FILENAME>fp0014808_ex105.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">EXHIBIT 10.5</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">THIRD AMENDMENT TO LOAN AGREEMENT</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">This Third Amendment to Loan Agreement (this "Fourth Amendment") is entered into as of the 30<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of September<font style="FONT-FAMILY: 'Times New Roman', Times, serif">,</font> 2010, by and among <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">MEXCO ENERGY CORPORATION, </font>a Colorado corporation, and <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">FORMAN ENERGY CORPORATION, </font>a New York corporation (collectively, "Borrowers") and <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">BANK OF AMERICA, </font>N<font style="FONT-FAMILY: 'Times New Roman', Times, serif">.</font>A., a national banking association ("Bank")<font style="FONT-FAMILY: 'Times New Roman', Times, serif">.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Recitals:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">A.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank entered into that certain Loan Agreement dated December 31, 2008, as amended by First Amendment to Loan Agreement dated December 28, 2009 and by Second Amendment to Loan Agreement dated March 1, 2010 (the "Loan Agreement").</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">B.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160; </font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Pursuant to the terms of the Loan Agreement, Bank provided Borrowers a revolving line of credit loan with a Facility No. I Commitment (as defined in the Loan Agreement) in the amount of $5,000,000.00 (the "Facility No. 1 Loan").</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">C.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank desire to amend the Loan Agreement to reflect the extension of the maturity date of the Facility No. 1 Loan.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained and other good and valuable consideration, it is hereby agreed among Bank and Borrowers as follows:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Agreement</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">1.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">2.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Section 1.2 of the Loan Agreement (Availability Period) is hereby amended in its entirety to read as follows:</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">1.2</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160; </font><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>Availability Period</u></font>.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 63pt; LINE-HEIGHT: 1.15">The line of credit is available between the date of this Agreement and November 30, 20 11, or such earlier date as the availability may terminate as provided in this Agreement (the "Facility No. 1 Expiration Date").</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">3.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">By their execution hereof, Borrowers hereby affirm and ratify the Loan Agreement as amended hereby, and all of the other loan documents executed in connection with the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">4.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Neither the execution by Bank of this Third Amendment nor anything contained herein shall in any way be construed or operate as a waiver by Bank of any event of default under the Loan Agreement or the other loan documents executed in connection therewith (whether now existing or that may occur hereafter) or any of Bank's rights under the Loan Agreement or any of such other loan documents.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">5.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Except as provided herein, all terms and provisions of the Loan Agreement shall remain&#160; unchanged .</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">6.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">As an inducement to Bank to enter into this Third Amendment, Borrowers represent and warrant to Bank that (i) the representations and warranties contained in the Loan Agreement are true and correct as of the date hereof, (ii) Borrowers have not breached any of the covenants contained in the Loan Agreement or the other loan documents executed in connection therewith (except as may have been waived <font style="FONT-FAMILY: 'Times New Roman', Times, serif">in </font>writing by Bank), and (iii) no event of default now exists under the Loan Agreement, nor does there exist any condition or event which, with notice and/or lapse of time, would constitute such an event of default.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">9.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>THIS THIRD AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.&#160; THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES</u></font><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>.</u></font></font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">EXECUTED effective as of the date first above written.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="b23f06d5fd7c4e6d9b9fe2bd65982884" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BORROWERS:</div>
</td>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK:</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION</div>
</td>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK OF AMERICA, N.A.</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Rose M. Storey</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Rose M. Storey</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Assistant Vice President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">FORMAN ENERGY CORPORATION</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="671f3cd861a442ffa60292070e3be244" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>6
<FILENAME>fp0014808_ex106.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">EXHIBIT 10.6</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">FOURTH AMENDMENT TO LOAN AGREEMENT</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">This Fourth Amendment to Loan Agreement (this "Fourth Amendment") is entered into as of the 22nd day of October, 2010, by and among <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">MEXCO ENERGY CORPORATION, </font>a Colorado corporation, and <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">FORMAN ENERGY CORPORATION, </font>a New York corporation (collectively, "Borrowers") and <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">BANK OF AMERICA, </font>N.A., a national banking association ("Bank").</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Recitals:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">A.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank entered into that certain Loan Agreement dated December 31, 2008, as amended by First Amendment to Loan Agreement dated December 28, 2009, by Second Amendment to Loan Agreement dated March 1, 2010, and by Third Amendment to Loan Agreement dated September 30, 2010 (the "Loan Agreement").</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">B.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Pursuant to the terms of the Loan Agreement, Bank provided Borrowers a revolving line of credit loan with a Facility No. I Commitment (as defined in the Loan Agreement) in the amount of $4,900,000.00 (the "Facility No. 1 Loan").</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">C.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank desire to amend the Loan Agreement to, among other matters, reflect the extension of the maturity date of the Facility No. 1 Loan.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained and other good and valuable consideration, it is hereby agreed among Bank and Borrowers as follows:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Agreement</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">1.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">2.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Section 1.2 of the Loan Agreement (Availability Period) is hereby amended in its entirety to read as follows:</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">1.2</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160; </font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Availability Period.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 63pt; LINE-HEIGHT: 1.15">The line of credit is available between the date of this Agreement and November 30, 20 12, or such earlier date as the availability may terminate as provided in this Agreement (the "Facility No. 1 Expiration Date").</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center">&#160;</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">3.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Section 7.3 of the Loan Agreement (Tangible Net Worth) is hereby amended in its entirety to read as follows:</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">7.3</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160; </font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Tangible Net Worth.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">To maintain on a consolidated basis, Tangible Net Worth equal to at least the sum of the following:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">(a)</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Ten Million Dollars ($10,000,000); plus</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div>
<table id="c3d2f7704008464089d68642b905be72" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="VERTICAL-ALIGN: top">
<td style="WIDTH: 36pt">&#160;</td>
<td style="WIDTH: 27pt; VERTICAL-ALIGN: top; align: right">
<div style="font-size: 11pt; font-family: 'Times New Roman', Times, serif; text-align: left; line-height: 1.15;">(b)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; align: left">
<div style="font-size: 11pt; text-align: left; line-height: 1.15; font-family: 'Times New Roman', Times, serif;">The sum of 50% of net income after income taxes (without subtracting losses) earned in each quarterly accounting period commencing after June 30, 2010; plus</div>
</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">(c)</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">The net proceeds for from any equity securities issues after the date of this Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">As used herein, "Tangible Net Worth" means the value of total assets (including leaseholds and leasehold improvements and reserves against assets but excluding goodwill, patents, trademarks, trade names, organization expense, unamortized debt discount and expense, capitalized or deferred research and development costs, deferred marketing expenses and other like intangibles, and monies due from affiliates, officers, directors, employees, shareholders, members or managers) less total liabilities, including but not limited to accrued and deferred income taxes, but excluding the non-current portion of Subordinated Liabilities. "Subordinated Liabilities" means liabilities subordinated to the Borrowers' obligations to the Bank in a manner acceptable to the Bank in its sole discretion.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">4.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">The amount of the Borrowing Base and the Facility No. 1 Commitment under the Loan Agreement shall remain at $4,900,000 until redetermined by Bank in accordance with Section 1.3 of the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">5.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">By their execution hereof, Borrowers hereby affirm and ratify the Loan Agreement as amended hereby, and all of the other loan documents executed in connection with the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">6.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Neither the execution by Bank of this Fourth Amendment nor anything contained herein shall in any way be construed or operate as a waiver by Bank of any event of default under the Loan Agreement or the other loan documents executed in connection therewith (whether now existing or that may occur hereafter) or any of Bank's rights under the Loan Agreement or any of such other loan documents.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">7.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Except as provided herein, all terms and provisions of the Loan Agreement shall remain&#160; unchanged .</font></div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="text-align: center; font-size: 9pt; font-family: 'Times New Roman', Times, serif;">-2-</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">8.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">As an inducement to Bank to enter into this Fourth Amendment, Borrowers represent and warrant to Bank that (i) the representations and warranties contained in the Loan Agreement are true and correct as of the date hereof, (ii) Borrowers have not breached any of the covenants contained in the Loan Agreement or the other loan documents executed in connection therewith (except as may have been waived in writing by Bank), and (iii) no event of default now exists under the Loan Agreement, nor does there exist any condition or event which, with notice and/or lapse of time, would constitute such an event of default.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">9.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>THIS FOURTH AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT&#160;&#160; ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES .</u></font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">EXECUTED effective as of the date first above written.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="a1faf494b8ab445d9f0bb4095c0a62f9" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BORROWERS:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top"></td>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top"></td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top"></td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top"></td>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK OF AMERICA, N.A.</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top"></td>
</tr>

<tr style="HEIGHT: 13px">
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top"></td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Rose M. Storey</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px"></td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Rose M. Storey</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top"></td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Assistant Vice President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top"></td>
</tr>
</table>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">FORMAN ENERGY CORPORATION</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="5ddbb9c65b634e9e821afeab1b8623a3" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>

<div id="DSPFPageNumberArea" style="text-align: center; font-size: 9pt; font-family: 'Times New Roman', Times, serif;">-3-</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>7
<FILENAME>fp0014808_ex107.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">EXHIBIT 10.7</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">FIFTH AMENDMENT TO LOAN AGREEMENT</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">This Fifth Amendment to Loan Agreement (this </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">"Fifth </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Amendment") is entered into as of the 28</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"> day of December, 2011, by and among </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">MEXCO ENERGY CORPORATION, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">a Colorado corporation ("Mexco</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">"</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">), </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">FORMAN ENERGY CORPORATION, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">a New York corporation ("Forman") and </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">SOUTHWEST TEXAS </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">DISPOSAL </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">CORPORATION, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">a Texas corporation ("Southwest'', and together with Mexco and Forman collectively </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">"Borrowers" </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">or individually a </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">"Borrower") </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">and </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">BANK </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">OF </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">AMERICA, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">N.A., a national banking association ("Bank").</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Recitals:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">A.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Mexco, Forman and Bank entered into that certain Loan Agreement dated </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Dec</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">ember </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">31, 2008, as amended by First Amendment to Loan Agreement dated December 28, 2009, by Second Amendment to Loan Agreement dated March 1</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">2010, by Third Amendment to Loan Agreement dated September 30, 2010 and </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">by </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Fourth Amendment to Loan Agreement dated October 22, 2010 (the "Loan Agreement")</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">.</font></font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">B.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Pursuant to the terms of the Loan Agreement, Bank provided Mexco and Forman a revolving </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">line </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">of credit loan with a Facility No. 1 Commitment (as defined in the Loan Agreement) in the initial amount of $4</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">,</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">900</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">,</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">000.00 (the </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">"Facility </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">No. 1 Loan").</font></font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">C.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank desire to amend the Loan Agreement to, among other matters (i) reflect the extension of the maturity date of the Facility No. 1 Loan, and (ii) make Southwest a Borrower under the Loan Agreement.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">NOW</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">THEREFORE, in consideration of the premises and the mutual covenants herein contained and other good and </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">valuable </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">consideration</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">it is hereby agreed among Bank and Borrowers as follows:</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15"><u>Agreement</u></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">1.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Loan Agreement.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">2.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">The definitions of &#8220;Borrowers&#8221; and &#8220;Borrower&#8221; in the preamble and first paragraph of the Loan Agreement are hereby amended to include Southwest, such that Southwest shall be jointly and severally bound with Mexco and Forman with respect to all of the covenants, representations and obligations of Borrowers under the Loan Agreement, including, without limitations, the obligation to pay to Bank the Facility No. 1 Loan when due in accordance with the terms of the Loan Agreement.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">3.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Section 1.2 of the Loan </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Agreement </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(Availability Period) is hereby amended in its entirety to read as follows:</font></font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="3289b0fb4cb54ef1988844f5230c09da" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 72pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">1.2</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Availability </u></font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Period</u></font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">.</font></td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 72pt; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">The line of credit is available between the date of this Agreement and November 30, 2013, or such earlier date as the availability may terminate as provided in this Agreement (the "Facility No. 1 </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Expiration </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Date").</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">4.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">The amount of the Borrowing Base and the Facility No. 1 Commitment under the Loan Agreement shall remain at $4</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">,</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">900</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">,</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">000 until </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">- </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">redetermined by Bank in accordance with Section 1.3 of the Loan Agreement</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">.</font></font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">5.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">By their execution hereof, Borrowers hereby affirm and ratify all of the terms and provisions of the Loan Agreement as amended hereby</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">and all of the terms and provisions of the other loan documents execut</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">e</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">d in connection with the Loan Agreement.</font></font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">6.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Neither the execution by Bank of this Sixth Amendment nor anything contained herein shall in an</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">y </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">way be construed or operate as a waiver by Bank of any event of default under the Loan Agreement or the other loan documents e</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">x</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">ecuted in connection therewith (whether now e</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">x</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">i</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">s</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">ting or that ma</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">y </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">occur hereafter) or any of Bank's rights under the Loan Agreement or any of such other loan documents.</font></font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">7.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Except as provided herein</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">all terms and provision</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">s </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">of the Loan Agreement shall remain unchanged.</font></font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">8.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">As an inducement to Bank to enter into this Fifth Amendment </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers represent and warrant to Bank that (i) the representations and </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">.</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">warranties contained in the Loan Agreement are true and correct as of the date hereof</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">(ii) Borrowers have not breached any of the covenant</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">s </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">contained in the Loan Agreement or the other loan documents </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">e</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">xecuted in connection therewith (except as may have been waived in writing by Bank)</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">and (iii) no event of default now exists under the Loan Agreement</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">nor does there exist any condition or event which</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">with notice and/or lapse of time</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">would constitute such an event of default.</font></font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">9.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>THIS FIFTH AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR</u></font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>, </u></font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>CONTEMPORANEOUS</u></font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>, </u></font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES</u></font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>. </u></font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.</u></font></font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">[SIGNATURE PAGE TO FOLLOW]</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">EXECUTED effective as of the date first above written</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="c1ffc726f2934d5a9219f9603b024515" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BORROWERS:</div>
</td>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK:</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION</div>
</td>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">BANK OF AMERICA </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">, </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">N.A.</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Rose M. Storey</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Rose M. Storey</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Assistant Vice President</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chief Executive Officer</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="105db61ae7544774b6aa30348e5e3d8a" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">FORMAN ENERGY CORPORATION</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">SOUTHWEST TEXAS DISPOSAL CORPORATION</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.8
<SEQUENCE>8
<FILENAME>fp0014808_ex108.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">EXHIBIT 10.8</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">SIXTH AMENDMENT TO LOAN AGREEMENT</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">This Sixth Amendment to Loan Agreement (this "Sixth Amendment") is entered into as of the 22nd day of October, 2012, by and among <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">MEXCO ENERGY CORPORATION, </font>a Colorado corporation ("Mexco"), <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">FORMAN ENERGY CORPORATION, </font>a New York corporation ("Forman") and <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">SOUTHWEST TEXAS DISPOSAL CORPORATION, </font>a Texas corporation ("Southwest'', and together with Mexco and Forman collectively "Borrowers" or individually a "Borrower") and <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">BANK OF AMERICA, </font>N.A., a national banking association ("Bank").</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Recitals:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">A.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank entered into that certain Loan Agreement dated December 31, 2008, as amended by First Amendment to Loan Agreement dated December 28, 2009, by Second Amendment to Loan Agreement dated March 1, 2010, by Third Amendment to Loan Agreement dated September 30, 2010, by Fourth Amendment to Loan Agreement dated October 22, 2010 and by Fifth Amendment to Loan Agreement dated December 28, 2011 (the "Loan Agreement") .</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">B.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Pursuant to the terms of the Loan Agreement, Bank provided Borrowers a revolving line of credit loan with a Facility No. 1 Commitment (as defined in the Loan Agreement) in the initial amount of $4,900,000.00 (the "Facility No. 1 Loan").</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">C.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank desire to amend the Loan Agreement to, among other matters, reflect the extension of the maturity date of the Facility No. 1 Loan.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained and other good and valuable consideration , it is hereby agreed among Bank and Borrowers as follows:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Agreement</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">1.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Loan Agreement.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">2.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Section 1.2 of the Loan Agreement (Availability Period) is hereby amended in its entirety to read as follows:</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">1.2</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Availability P</u></font>eriod.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 72pt; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The line of credit is available between the date of this Agreement and November 30, 2014, or such earlier date as the availability may terminate as provided in this Agreement (the "Facility No. 1 Expiration Date").</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">3.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">The amount of the Borrowing Base and the Facility No. 1 Commitment under the Loan Agreement shall remain at $4,900,000 until - redetermined by Bank in accordance with Section 1.3 of the Loan Agreement .</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">4.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">By their execution hereof, Borrowers hereby affirm and ratify all of the terms and provisions of the Loan Agreement as amended hereby, and all of the terms and provisions of the other loan documents executed in connection with the Loan Agreement.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">5.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Neither the execution by Bank of this Sixth Amendment nor anything contained herein shall in any way be construed or operate as a waiver by Bank of any event of default under the Loan Agreement or the other loan documents executed in connection therewith (whether now existing or that may occur hereafter) or any of Bank's rights under the Loan Agreement or any of such other loan documents.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">6.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Except as provided herein, all terms and provisions of the Loan Agreement shall remain unchanged.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">7.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">As an inducement to Bank to enter into this Sixth Amendment , Borrowers represent and warrant to Bank that (i) the representations and .warranties contained in the Loan Agreement are true and correct as of the date hereof, (ii) Borrowers have not breached any of the covenants contained in the Loan Agreement or the other loan documents executed in connection therewith (except as may have been waived in writing by Bank), and (iii) no event of default now exists under the Loan Agreement, nor does there exist any condition or event which, with notice and/or lapse of time, would constitute such an event of default.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">8.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal"><u>THIS SIXTH AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO </u></font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal"><u>UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES</u></font>.</font></font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">[SIGNATURE PAGE TO FOLLOW]</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">EXECUTED effective as of the date first above written.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="a9ed6978f61543beae870e903f866165" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BORROWERS:</div>
</td>
<td style="VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK:</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION</div>
</td>
<td style="VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK OF AMERICA , N.A.</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Charles Dale</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Charles Dale</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Senior Vice President</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="cbe4a6156950484dbac165da02edb7b3" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">FORMAN ENERGY CORPORATION</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">SOUTHWEST TEXAS DISPOSAL CORPORATION</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">TBO OIL &amp; GAS, LLC</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>9
<FILENAME>fp0014808_ex109.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div style="TEXT-ALIGN: right">&#160;</div>

<div style="TEXT-ALIGN: right">EXHIBIT 10.9</div>

<div style="TEXT-ALIGN: left">
<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">SEVENTH AMENDMENT TO LOAN AGREEMENT</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">This Seventh Amendment to Loan Agreement (this "Seventh Amendment") is entered into as of the 25th day of October, 2013, by and among <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">MEXCO ENERGY CORPORATION, </font>a Colorado corporation (&#8220;Mexco&#8221;), <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">FORMAN ENERGY CORPORATION, </font>a New York corporation (&#8220;Forman&#8221;), <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">SOUTHWEST TEXAS DISPOSAL CORPORATION</font>, a Texas corporation (&#8220;Southwest&#8221;) and <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">TBO OIL &amp; GAS, LLC</font>, a Texas limited liability company ("TBO", and together with Mexco, Forman and Southwest, collectively &#8220;Borrowers&#8221; or individually a &#8220;Borrower&#8221;) and <font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">BANK OF AMERICA, N.A.</font>, a national banking association ("Bank").</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Recitals:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">A.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank entered into that certain Loan Agreement dated December 31, 2008, as amended by First Amendment to Loan Agreement dated December 28, 2009, by Second Amendment to Loan Agreement dated March 1, 2010, by Third Amendment to Loan Agreement dated September 30, 2010, by Fourth Amendment to Loan Agreement dated October 22, 2010, by Fifth Amendment to Loan Agreement dated December 28, 2011 and by Sixth Amendment to Loan Agreement dated October 22, 2012 (the "Loan Agreement").</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">B.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Pursuant to the terms of the Loan Agreement, Bank provided Borrowers a revolving line of credit loan with a Facility No. 1 Commitment (as defined in the Loan Agreement) in the initial amount of $4,900,000.00 (the &#8220;Facility No. 1 Loan&#8221;).</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">C.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank desire to amend the Loan Agreement to, among other matters (i) reflect the extension of the maturity date of the Facility No. 1 Loan, and (ii) make TBO a Borrower under the Loan Agreement.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained and other good and valuable consideration, it is hereby agreed among Bank and Borrowers as follows:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15"><u>Agreement</u></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">1.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Loan Agreement.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">2.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">The definitions of "Borrowers" and "Borrower" in the preamble and first paragraph of the Loan Agreement are hereby amended to include TBO, such that TBO shall be jointly and severally bound with Mexco, Forman and Southwest with respect to all of the covenants, representations and obligations of Borrowers under the Loan Agreement, including, without limitation, the obligation to pay to Bank the Facility No. 1 Loan when due in accordance with the terms of the Loan Agreement.</font></div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center">&#160;</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">3.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Section 1.2 of the Loan Agreement (Availability Period) is hereby amended in its entirety to read as follows:</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">"1.2</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Availability Period</u></font>.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The line of credit is available between the date of this Agreement and November 30, 2015, or such earlier date as the availability may terminate as provided in this Agreement (the "Facility No. 1 Expiration Date")."</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">4.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">The Loan Agreement is hereby amended to include a new Section 1.6 (Letters of Credit) reading as follows:</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">"1.6</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Letters of Credit</u></font>.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="e9418f1e11474bb8934dfeba340d4647" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">During the availability period, at the request of a Borrower, the Bank will issue standby letters of credit with a maximum maturity not to extend beyond the Facility No. 1 Expiration Date.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="4b25c117cf8d4aa6bab75e1251734d04" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">The amount of the letters of credit outstanding at any one time (including the drawn and unreimbursed amounts of the letters of credit) may not exceed Five Hundred Thousand Dollars ($500,000.00).</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="338281839b0e4cffa6644d022030045f" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">In calculating the principal amount outstanding under the Facility No. 1 Commitment, the calculation shall include the amount of any letters of credit outstanding, including amounts drawn on any letters of credit and not yet reimbursed.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="6f0eb90d9ca34bf3b6a23cebc2f34762" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(d)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">The following letter of credit is outstanding from the Bank for the account of a Borrower:</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="6d6a398137b9425d8ffdf90c42de5d7a" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 40%" cellspacing="0" cellpadding="2" align="center" border="0">
<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Letter of Credit Number</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">Amount</div>
</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">120995</div>
</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top; TEXT-ALIGN: center; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; LINE-HEIGHT: 1.15">$50,000.00</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">As of the date of this Agreement, this letter of credit shall be deemed to be outstanding under this Agreement, and shall be subject to all the terms and conditions stated in this Agreement.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="2807da15ed9849108c1c66821160fc26" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(e)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">The Borrowers agree:</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="468daf38de474a1fbdc855c620d0dcf0" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(i)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">Any sum drawn under a letter of credit may, at the option of the Bank, be added to the principal amount outstanding under this Agreement. The amount will bear interest and be due as described elsewhere in this Agreement.</td>
</tr>
</table>
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="text-align: center; font-size: 9pt; font-family: 'Times New Roman', Times, serif;">-2-</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="dc179434067f462597df232530afd63d" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(ii)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">If there is a default under this Agreement, to immediately prepay and make the Bank whole for any outstanding letters of credit.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="a9dca452fd1a4033a83953a604607bf3" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(iii)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">The issuance of any letter of credit and any amendment to a letter of credit is subject to the Bank's written approval and must be in form and content satisfactory to the Bank and in favor of a beneficiary acceptable to the Bank.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="749ccb7f737b4dba9428bf29b8879d59" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(iv)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">To sign the Bank's form Application and Agreement for Standby Letter of Credit.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="4ac7b28cb84e47258cf51684a210fe0a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(v)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">To pay any issuance and/or other fees that the Bank notifies the Borrowers will be charged for issuing and processing letters of credit for a Borrower.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="59d31901a6e142fca2d7fce5ed2b2630" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(vi)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">To allow the Bank to automatically charge its checking account for applicable fees, discounts, and other charges.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="ca961dd707734b01afb216325d270775" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(vii)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">To pay the Bank a non-refundable fee equal to 1% per annum of the outstanding undrawn amount of each standby letter of credit, payable monthly in arrears, calculated on the basis of the face amount outstanding on the day the fee is calculated."</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">5.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">The amount of the Borrowing Base and the Facility No. 1 Commitment under the Loan Agreement shall remain at $4,900,000 until redetermined by Bank in accordance with Section 1.3 of the Loan Agreement.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">6.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">By their execution hereof, Borrowers hereby affirm and ratify all of the terms and provisions of the Loan Agreement as amended hereby, and all of the terms and provisions of the other loan documents executed in connection with the Loan Agreement.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">7.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Neither the execution by Bank of this Seventh Amendment nor anything contained herein shall in any way be construed or operate as a waiver by Bank of any event of default under the Loan Agreement or the other loan documents executed in connection therewith (whether now existing or that may occur hereafter) or any of Bank's rights under the Loan Agreement or any of such other loan documents.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">8.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">Except as provided herein, all terms and provisions of the Loan Agreement shall remain unchanged.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">9.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">As an inducement to Bank to enter into this Seventh Amendment, Borrowers represent and warrant to Bank that (i) the representations and warranties contained in the Loan Agreement are true and correct as of the date hereof, (ii) Borrowers have not breached any of the covenants contained in the Loan Agreement or the other loan documents executed in connection therewith (except as may have been waived in writing by Bank), and (iii) no event of default now exists under the Loan Agreement, nor does there exist any condition or event which, with notice and/or lapse of time, would constitute such an event of default.</font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="text-align: center; font-size: 9pt; font-family: 'Times New Roman', Times, serif;">-3-</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif">10.</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>THIS SEVENTH AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.</u></font></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">EXECUTED effective as of the date first above written.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="14c00161fa6b464c93e61987cec211de" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BORROWERS:</div>
</td>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK:</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION</div>
</td>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK OF AMERICA, N.A.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Donna Gail Yanko</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Ricky Temkin</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Donna Gail Yanko</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Ricky Temkin</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Vice President and Secretary</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Assistant Vice President</div>
</td>
<td style="WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="d4d1a4f20425432c9d29656feb32350c" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">FORMAN ENERGY CORPORATION</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Donna Gail Yanko</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Vice President and Secretary</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">SOUTHWEST TEXAS DISPOSAL CORPORATION</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Donna Gail Yanko</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Vice President and Secretary</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">TBO OIL &amp; GAS, LLC</div>
</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Donna Gail Yanko</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Vice President and Secretary</div>
</td>
<td style="WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15">&#160;</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
 &#160;</div>
</div>

<div id="DSPFPageNumberArea" style="text-align: center; font-size: 9pt; font-family: 'Times New Roman', Times, serif;">-4-</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.10
<SEQUENCE>10
<FILENAME>fp0014808_ex1010.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: normal; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">EXHIBIT 10.10</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">EIGHTH AMENDMENT TO LOAN AGREEMENT</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">This Eighth Amendment to Loan Agreement (this &#8220;Eighth Amendment&#8221;) is entered into as of the 10th day of September, 2014, by and among <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">MEXCO ENERGY CORPORATION, </font>a Colorado corporation (&#8220;Mexco&#8221;), <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">FORMAN ENERGY CORPORATION, </font>a New York corporation (&#8220;Forman&#8221;), <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">SOUTHWEST TEXAS DISPOSAL CORPORATION</font>, a Texas corporation (&#8220;Southwest&#8221;) and <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">TBO OIL &amp; GAS, LLC</font>, a Texas limited liability company (&#8220;TBO&#8221;, and together with Mexco, Forman and Southwest, collectively &#8220;Borrowers&#8221; or individually a &#8220;Borrower&#8221;) and <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">BANK OF AMERICA, N.A.</font>, a national banking association (&#8220;Bank&#8221;).</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Recitals:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">A.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank entered into that certain Loan Agreement dated December 31, 2008, as amended by First Amendment to Loan Agreement dated December 28, 2009, by Second Amendment to Loan Agreement dated March 1, 2010, by Third Amendment to Loan Agreement dated September 30, 2010, by Fourth Amendment to Loan Agreement dated October 22, 2010, by Fifth Amendment to Loan Agreement dated December 28, 2011, by Sixth Amendment to Loan Agreement dated October 22, 2012 and by Seventh Amendment to Loan Agreement dated October 25, 2013 (the &#8220;Loan Agreement&#8221;).</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">B.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;P</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">ursuant to the terms of the Loan Agreement, Bank provided Borrowers a revolving line of credit loan with a Facility No. 1 Commitment (as defined in the Loan Agreement) in the initial amount of $4,900,000.00 (the &#8220;Facility No. 1 Loan&#8221;).</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">C.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank desire to amend the Loan Agreement to, among other matters (i) reflect the extension of the maturity date of the Facility No. 1 Loan, and (ii) increase the amount of the Facility No. 1 Commitment.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained and other good and valuable consideration, it is hereby agreed among Bank and Borrowers as follows:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15"><u>Agreement</u></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">1.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">2.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Section 1.1 of the Loan Agreement (Line of Credit Amount) is hereby amended in its entirety to read as follows:</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="6e6c904971e04c5f995883efb3a3338e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">&#8220;1.1</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>Line of Credit Amount</u></font>.</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="f31e6efc94024f068f99519627ee9559" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">During the availability period described below, the Bank will provide a line of credit to the Borrowers. The amount of the line of credit (the &#8220;Facility No. 1 Commitment&#8221;) is the lesser of (i) <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">SIX MILLION THREE HUNDRED THOUSAND AND NO/100 DOLLARS ($6,300,000.00</font>), or (ii) the Borrowing</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="text-align: center; font-size: 11pt;">&#160;</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 72pt; LINE-HEIGHT: 1.15">Base as determined by Bank from time to time in accordance with this Agreement.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="1852ec05a51549889b8ac714f706d95e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">This is a revolving line of credit. Subject to the terms hereof, during the availability period, the Borrowers may repay principal amounts and reborrow them.&#8221;</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">3.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Section 1.2 of the Loan Agreement (Availability Period) is hereby amended in its entirety to read as follows:</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="ce1e7701d5a64bffb4368dc5c2862908" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">&#8220;1.2</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>Availability Period</u></font>.</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The line of credit is available between the date of this Agreement and November 30, 2016, or such earlier date as the availability may terminate as provided in this Agreement (the &#8220;Facility No. 1 Expiration Date&#8221;).&#8221;</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">4.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Section 1.5 of the Loan Agreement (Interest Rate) is hereby amended in its entirety to read as follows:</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="214516f620b94586b7a440fe5d551736" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">&#8220;1.5</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left"><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>Interest Rate</u></font>.</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="bd1901d751b64341b4578d2c9149dc40" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">The interest rate is a rate per year equal to the lesser of (i) the LIBOR Daily Floating Rate, plus 2.50 percentage points, or (ii) the maximum lawful rate of interest permitted under applicable usury laws, now or hereafter enacted (the &#8220;Maximum Rate&#8221;).</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.15">
<table id="1f01da0f68964a299487bf038321be55" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 36pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">(b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: left">The LIBOR Daily Floating Rate is a fluctuating rate of interest which can change on each banking day. The rate will be adjusted on each banking day to equal the London Interbank Offered Rate (or a comparable or successor rate which is approved by the Bank) for U.S. Dollar deposits for delivery on the date in question for a one month term beginning on that date. The Bank will use the London Interbank Offered Rate as published by Bloomberg (or other commercially available source providing quotations of such rate as selected by the Bank from time to time) as determined at approximately 11:00 a.m. London time two (2) London Banking Days prior to the date in question, as adjusted from time to time in the Bank&#8217;s sole discretion for reserve requirements, deposit insurance assessment rates and other regulatory costs. If such rate is not available at such time for any reason, then the rate will be determined by such alternate method as reasonably selected by the Bank. A &#8220;London Banking Day&#8221; is a day on which banks in London are open for business and dealing in offshore dollars.&#8221;</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">5.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Pursuant to Section 1.3 of the Loan Agreement the amount of the Borrowing Base under the Loan Agreement is hereby increased from $4,900,000 to $6,300,000 until redetermined by Bank in accordance with Section 1.3 of the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">6.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">As a condition to the effectiveness of this Eighth Amendment, Borrowers shall pay to Bank a facility fee in the amount of $7,000.00.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="text-align: center; font-size: 9pt; font-family: 'Times New Roman', Times, serif;">2</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">7.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">By their execution hereof, Borrowers hereby affirm and ratify all of the terms and provisions of the Loan Agreement as amended hereby, and all of the terms and provisions of the other loan documents executed in connection with the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">8.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Neither the execution by Bank of this Eighth Amendment nor anything contained herein shall in any way be construed or operate as a waiver by Bank of any event of default under the Loan Agreement or the other loan documents executed in connection therewith (whether now existing or that may occur hereafter) or any of Bank's rights under the Loan Agreement or any of such other loan documents.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">9.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Except as provided herein, all terms and provisions of the Loan Agreement shall remain unchanged.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">10.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">As an inducement to Bank to enter into this Eighth Amendment, Borrowers represent and warrant to Bank that (i) the representations and warranties contained in the Loan Agreement are true and correct as of the date hereof, (ii) Borrowers have not breached any of the covenants contained in the Loan Agreement or the other loan documents executed in connection therewith (except as may have been waived in writing by Bank), and (iii) no event of default now exists under the Loan Agreement, nor does there exist any condition or event which, with notice and/or lapse of time, would constitute such an event of default.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">11.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>THIS EIGHTH AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.</u></font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">EXECUTED effective as of the date first above written.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="f1fdd097b60f466c86cd3db7c3ba4335" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BORROWERS:</div>
</td>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK:</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION</div>
</td>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK OF AMERICA, N.A.</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Ricky Temkin</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Ricky Temkin</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Assistant Vice President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 10%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="text-align: center; font-size: 9pt; font-family: 'Times New Roman', Times, serif;">3</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<table id="4e56769184184b1f8cd887d36a6377e3" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">FORMAN ENERGY CORPORATION</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">SOUTHWEST TEXAS DISPOSAL CORPORATION</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">TBO OIL &amp; GAS, LLC</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>

<div id="DSPFPageNumberArea" style="text-align: center; font-size: 9pt; font-family: 'Times New Roman', Times, serif;">4</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.11
<SEQUENCE>11
<FILENAME>fp0014808_ex1011.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: normal; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">EXHIBIT 10.11</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">NINTH AMENDMENT TO LOAN AGREEMENT</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">This Ninth Amendment to Loan Agreement (this &#8220;Ninth Amendment&#8221;) is entered into as of February 13, 2015, by and among <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">MEXCO ENERGY CORPORATION, </font>a Colorado corporation (&#8220;Mexco&#8221;), <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">FORMAN ENERGY CORPORATION, </font>a New York corporation (&#8220;Forman&#8221;), <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">SOUTHWEST TEXAS DISPOSAL CORPORATION</font>, a Texas corporation (&#8220;Southwest&#8221;) and <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">TBO OIL &amp; GAS, LLC</font>, a Texas limited liability company (&#8220;TBO&#8221;, and together with Mexco, Forman and Southwest, collectively &#8220;Borrowers&#8221; or individually a &#8220;Borrower&#8221;) and <font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">BANK OF AMERICA, N.A.</font>, a national banking association (&#8220;Bank&#8221;).</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Recitals:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">A.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank entered into that certain Loan Agreement dated December 31, 2008, as amended by First Amendment to Loan Agreement dated December 28, 2009, by Second Amendment to Loan Agreement dated March 1, 2010, by Third Amendment to Loan Agreement dated September 30, 2010, by Fourth Amendment to Loan Agreement dated October 22, 2010, by Fifth Amendment to Loan Agreement dated December 28, 2011, by Sixth Amendment to Loan Agreement dated October 22, 2012, by Seventh Amendment to Loan Agreement dated October 25, 2013 and by Eighth Amendment to Loan Agreement dated September 10, 2014 (the &#8220;Loan Agreement&#8221;).</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">B.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Pursuant to the terms of the Loan Agreement, Bank provided Borrowers a revolving line of credit loan with a Facility No. 1 Commitment (as defined in the Loan Agreement) in the initial amount of $6,300,000.00 (the &#8220;Facility No. 1 Loan&#8221;).</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">C.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Borrowers and Bank desire to amend the Loan Agreement to, among other matters, reflect the extension of the maturity date of the Facility No. 1 Loan.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained and other good and valuable consideration, it is hereby agreed among Bank and Borrowers as follows:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15"><u>Agreement</u></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">1.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">2.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Section 1.2 of the Loan Agreement (Availability Period) is hereby amended in its entirety to read as follows:</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">&#8220;1.2</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><font style="FONT-FAMILY: 'Times New Roman', Times, serif"><u>Availability Period</u></font>.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 72pt; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">The line of credit is available between the date of this Agreement and November 30, 2020, or such earlier date as the availability may terminate as provided in this Agreement (the &#8220;Facility No. 1 Expiration Date&#8221;).&#8221;</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">3.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Section 1.5(b) of the&#160; Loan Agreement (Interest&#160; Rate) is&#160; hereby amended to include the following sentence at the end thereof:</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center">&#160;</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">&#8220;The LIBOR Daily Floating Rate shall in no event be less than zero.&#8221;</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">4.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">The amount of the Borrowing Base and the Facility No. 1 Commitment under the Loan Agreement shall remain at $6,300,000 until redetermined by Bank in accordance with Section 1.3 of the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">5.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">By their execution hereof, Borrowers hereby affirm and ratify all of the terms and provisions of the Loan Agreement as amended hereby, and all of the terms and provisions of the other loan documents executed in connection with the Loan Agreement.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">6.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Neither the execution by Bank of this Ninth Amendment nor anything contained herein shall in any way be construed or operate as a waiver by Bank of any event of default under the Loan Agreement or the other loan documents executed in connection therewith (whether now existing or that may occur hereafter) or any of Bank's rights under the Loan Agreement or any of such other loan documents.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">7.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">Except as provided herein, all terms and provisions of the Loan Agreement shall remain unchanged.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">8.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">As an inducement to Bank to enter into this Ninth Amendment, Borrowers represent and warrant to Bank that (i) the representations and warranties contained in the Loan Agreement are true and correct as of the date hereof, (ii) Borrowers have not breached any of the covenants contained in the Loan Agreement or the other loan documents executed in connection therewith (except as may have been waived in writing by Bank), and (iii) no event of default now exists under the Loan Agreement, nor does there exist any condition or event which, with notice and/or lapse of time, would constitute such an event of default.</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">9.</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal"><u>THIS NINTH AMENDMENT AND THE OTHER LOAN DOCUMENTS&#160;REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE&#160;CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.</u></font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15; TEXT-INDENT: 36pt">EXECUTED effective as of the date first above written.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="3dadd07c166944d3a36001d0cb8c0eb3" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 56.3%; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BORROWERS:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 43.7%; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK:</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 8.77%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 44.05%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 3.48%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 8.96%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 31.08%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 3.67%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 56.3%; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">MEXCO ENERGY CORPORATION</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 43.7%; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">BANK OF AMERICA, N.A.</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 8.77%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 44.05%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 3.48%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 8.96%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 31.08%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 3.67%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 8.77%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 44.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 3.48%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 8.96%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 31.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Ricky Temkin</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 3.67%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 8.77%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 44.05%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 3.48%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 8.96%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 31.08%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Ricky Temkin</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 3.67%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 8.77%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 44.05%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 3.48%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 8.96%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 31.08%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Vice President</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 3.67%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">2</div>

<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<table id="1fa7cc7b114c49339357e6fb62609ef1" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">FORMAN ENERGY CORPORATION</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">SOUTHWEST TEXAS DISPOSAL CORPORATION</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; VERTICAL-ALIGN: top" colspan="3">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">TBO OIL &amp; GAS, LLC</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">By:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and Chief Executive Officer</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 60%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>

<div id="DSPFPageNumberArea" style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">3</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21.1
<SEQUENCE>12
<FILENAME>fp0014808_ex211.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">EXHIBIT 21.1</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">SUBSIDIARIES OF MEXCO ENERGY CORPORATION</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="81388bc84dd64559b8ee2c1288cae474" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">1.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Forman Energy Corporation, a New York corporation</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="c6f42339a64a4c63aaf59f017c8f5d9a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">2.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Southwest Texas Disposal Corporation, a Texas corporation</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="bc2f94859c5e47d9975d39578a906416" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">3.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">TBO Oil &amp; Gas, LLC, a Texas limited liability company</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>13
<FILENAME>fp0014808_ex231.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">EXHIBIT 23.1</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">We have issued our report dated June 24, 2015, with respect to the consolidated financial statements included in the Annual Report of Mexco Energy Corporation on Form 10-K for the year ended March 31, 2015. We hereby consent to the incorporation by reference of said report in the Registration Statement of Mexco Energy Corporation on Form S-8 (File No. 333-165296).</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ GRANT THORNTON LLP</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Wichita, Kansas</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">June 24, 2015</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>14
<FILENAME>fp0014808_ex232.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">EXHIBIT 23.2</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15"><u>CONSENT OF INDEPENDENT PETROLEUM ENGINEERS</u></div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">As independent engineering consultants, Joe C. Neal &amp; Associates, hereby consents to the use of the name Joe C. Neal &amp; Associates and references to Joe C. Neal &amp; Associates and to the inclusion of and references to our report, or information contained therein, entitled &#8220;Evaluation of Oil and Gas Reserves, Mexco Energy Corporation Annual Report Effective Date: March 31, 2015&#8221; prepared for Mexco Energy Corporation in the Annual Report on Form 10-K of Mexco Energy Corporation for the filing dated on or about June 24, 2015.</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Joe C. Neal &amp; Associates</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">JOE C. NEAL &amp; ASSOCIATES,</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">PETROLEUM AND ENVIRONMENTAL ENGINEERING CONSULTANTS</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Midland, Texas</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">June 24, 2015</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>15
<FILENAME>fp0014808_ex311.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">Exhibit 31.1</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">PURSUANT TO SECTION&#160;302 OF THE SARBANES-OXLEY ACT OF 2002</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">I, Nicholas C. Taylor, certify that:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="99bbc445a3f14a758ae2e6db8e22a1dd" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">1.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">I have reviewed this annual report on Form 10-K of Mexco Energy Corporation;</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="7bfb18dc021d4c28a94489fb4f8a080a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">2.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="282837728afe4754b128e5f1f3e978bf" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">3.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="6c9de3d96e5042c0b74474b312eaf7fb" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">4.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="e6605b5fa6cc439bb7cb32e48785576d" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="59f083284afe497a804ddbbebe4662ea" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="7848b015131b4dbebf9aba26994e0d49" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="2a6ef4652df04b8c9272d0cc3ecd594a" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">d)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter (the registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting; and</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="25e38c055d75459cae9088b3538b4169" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">5.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="277a6bc6ed0c4dc0837dd7bdc825047b" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information; and</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15; MARGIN-RIGHT: 18pt; TEXT-INDENT: -18pt">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="ccc71253ce884a7f895f80ae9bdba574" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="13af6517238e46028f70a5ab553fa3a9" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">June 24, 2015</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Chief Executive Officer</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>16
<FILENAME>fp0014808_ex312.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">Exhibit 31.2</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">CERTIFICATION OF THE CHIEF FINANCIAL OFFICER</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">PURSUANT TO SECTION&#160;302 OF THE SARBANES-OXLEY ACT OF 2002</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">I, Tamala L. McComic, certify that:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="8469ff0c53b942c2bb690accc22ed137" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">1.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">I have reviewed this annual report on Form 10-K of Mexco Energy Corporation;</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="4f184d7f08a543b28b5bb030b6c2ae2d" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">2.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="300e55e0630b4fbaa6bca076fb02de17" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">3.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="a25cda0281b34a549fcff093e3373c84" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">4.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="cebee539165b42138094acb6a4402df7" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="f5d9346e511b48348d47f8226057b1db" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="920876d2cd61473996aa75050232bd6e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">c)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="6abf2fae215c41d7901d09fd79e324ed" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">d)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter (the registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting; and</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="85d9fc398aea4e58a1bff6c69eac3cac" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">5.</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="7d0e8f7709554784b0abc11da92717df" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">a)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information; and</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15; MARGIN-RIGHT: 18pt; TEXT-INDENT: -18pt">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="f24a1cd937c34103b122ed87b7b2c9c8" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">b)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="e5eff820420a4a2388dceadb71ae49e2" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">June 24, 2015</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">/s/ Tamala L. McComic</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Tamala L. McComic</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top" colspan="2">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chief Financial Officer, President, Treasurer, and Assistant Secretary</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>17
<FILENAME>fp0014808_ex321.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">Exhibit 32.1</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">CERTIFICATION OF CEO AND CFO PURSUANT TO</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">18 U.S.C. SECTION 1350,</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">AS ADOPTED PURSUANT TO</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">In connection with the Annual Report of Mexco Energy Corporation (the &#8220;Company&#8221;) on Form 10-K for the year ending March 31, 2015, as filed with the SEC on the date hereof (the &#8220;Report&#8221;), we, Nicholas C. Taylor, Chief Executive Officer and Tamala L. McComic, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to our knowledge:</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="6a1527416f794db1a9c83715590febb4" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">(1)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="136068e57e9440ef8c77c324d6d4e6e2" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">(2)</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="7e34516a797c478ca844ac62a56c8adb" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Dated: June 24, 2015</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Nicholas C. Taylor</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chairman of the Board and</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chief Executive Officer</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Dated: June 24, 2015</div>
</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">/s/ Tamala L. McComic</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Chief Financial Officer, President,</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 35%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Treasurer and Assistant Secretary</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>18
<FILENAME>fp0014808_ex991.htm
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: FilePoint
    Document created using EDGARfilings PROfile 3.4.0.0
    Copyright 1995 - 2015 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif" bgcolor="#ffffff" text="#000000">
<div>
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">Exhibit 99.1</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">JOE C. NEAL &amp; ASSOCIATES</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">PETROLEUM ENGINEERING CONSULTANTS</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">214 W. TEXAS AVE, SUITE 600</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">MIDLAND, TX 79701</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: center; LINE-HEIGHT: 1.15"><font style="FONT-FAMILY: 'Times New Roman', Times, serif">432-683-4371</font><font id="TRGRRTFtoHTMLTab">&#160; </font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">FAX:432-683-9279</font></div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">E-Mail:<font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">&#160;</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: bold; FONT-STYLE: normal"><u>info@joecneal.com</u></font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">June 23, 2015</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Mexco Energy Corporation</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Tammy McComic, President</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">214 W Texas Ave, Suite 1101</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Midland, Texas 79701</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="96c2e94d0eb04855b7166362170a652e" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">Re:</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Evaluation of Oil and Gas Reserves of Mexco Energy Corporation effective March 31, 2015</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Mrs. McComic,</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">In accordance with your request, we have estimated the extent and value of domestic proved crude oil, condensate and gas reserves owned by Mexco Energy Corporation as of March 31, 2015. The properties to which proved reserves are attributable are located in the states of Louisiana, Montana, New Mexico, North Dakota, Oklahoma and Texas with the majority of the value in Texas. The estimated reserves are based on a detailed study of properties owned by Mexco Energy Corporation. During this study, we consulted freely with the officers and employees of Mexco Energy Corporation and were given access to such records, geological and engineering reports, and other data as were desired for examination. In preparation of this report, we have relied, without independent verification, upon information furnished by Mexco Energy Corporation with respect to property interest owned by it, production from such properties, current costs of operation, current prices for production agreements relating to current and future operation and various other information and data which were accepted as represented. The results of our third party study, completed on June 8, 2015, are presented herein. The properties reviewed by Joe C. Neal &amp; Associates represent 98% of the total net proved reserves of Mexco Energy Corporation.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The summary below includes Mexco Energy Corporation, South West Texas Disposal Corporation and TBO Oil &amp; Gas, LLC, which are wholly owned subsidiaries of Mexco Energy Corporation. Six (6) Minor Net Income Streams have been evaluated in this report by projecting an oil and gas stream and applying an oil and gas price. The Mexco Energy Corporation Royalty Income Stream has been limited to twenty five (25) years lifetime. The Mexco Energy Corporation Minor and Royalty Income Streams were declined at six percent (6%) per year. The Foreman Income Stream was declined at the rate of eight percent (8%) annually for a period of twenty-five (25) years. Twelve (12) joint ventures have been projected as income streams because it was not economical to project all the properties on an individual basis. The twenty-two (22) other minor income properties have also been projected as income streams. Income streams have been converted to barrels of oil and MCF&#8217;S of gas based on their ratio of income. Where multiple gas wells with small interest exist, production has been summarized to reduce the cost of the evaluation. It was not considered necessary to make a field examination of the physical condition and operation of the properties in which Mexco Energy Corporation owns an interest.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">We estimate the Net Proved Reserves, Future Net Revenue, and the Present Value of Future Net Revenue from the properties of Mexco Energy Corporation as of March 31, 2015 to be as follows:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="ab596375698d47e0a925cab51cff3d68" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 25%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Classification of Reserves</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Oil and Condensate</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(MBBL)</div>
</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">&#160; </td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Gas</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(MMCF)</div>
</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">&#160; </td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Future Net</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Revenue (M$)</div>
</td>
<td style="WIDTH: 5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">&#160; </td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Present Value</div>

<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Discounted at&#160;10 % (M$)</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 25%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Proved Developed:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 25%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Producing</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">261</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">3,471</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">21,831</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">12,010</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 25%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Non-Producing</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">23</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">1,114</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">4,457</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2,839</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 25%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">284</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">4,585</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">26,288</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">14,849</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 25%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 25%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Proved Undeveloped</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">376</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">1,704</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 4px double; BACKGROUND-COLOR: #dcdcdc"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">19,764</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 4px double; BACKGROUND-COLOR: #dcdcdc"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 4px double; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">8,851</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 25%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 25%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total Proved</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">660</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">6,289</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">46,052</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc"></td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">23,700</div>
</td>
</tr>
</table>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">The following table sets forth the changes in total Proved Reserves owned by Mexco Energy Corporation as of March 31, 2015.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="de76dbea6ef24eb884f3c02958310d06" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="2" border="0">
<tr style="HEIGHT: 37px">
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Net Liquid</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(MBBL)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid"></td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Net Gas</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">(MMCF)</div>
</td>
</tr>

<tr style="HEIGHT: 23px">
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Total Proved Reserves Developed and Undeveloped:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Beginning of Period March 31, 2014</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">502</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">6,259</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Revisions of Previous Estimates</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(115)</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(687)</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Beginning of Period as Revised</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">387</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">5,572</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Additions from Drilling and Purchase</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">42</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">766</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Extensions</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">261</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">320</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Sales of Minerals-in-Place</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">0</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">0</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Production</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(30)</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">(369)</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;End of Period March 31, 2015</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">660</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">6,289</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Proved Developed Reserves:</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;Beginning of Period March 31, 2014</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">294</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">4,081</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">&#160;&#160;&#160;End of Period March 31, 2015</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">284</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 5%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">4,585</div>
</td>
</tr>
</table>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The proved reserves included herein conform to the definition as set forth in the Securities and Exchange Commission&#8217;s (&#8220;SEC&#8221;) Regulations Part 210.4-10(a). An abridged version of the SEC reserves definitions from 210.4-10(a) entitled &#8220;Definitions of Oil and Gas Reserves&#8221; is included as an attachment to this report. Reserves for the producing properties were determined by extrapolation of the production decline trends, where applicable, analogy with similar offset wells, by volumetric calculations using basic reservoir parameters such as porosity, water saturation, net pay thickness, and estimated areal extent of the reservoir, or by material balance calculations. Reserves for the Proved Developed Non-Producing and Proved Undeveloped properties were determined by volumetric calculations and/or by analogy with offset wells.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Exhibit 1 is a table showing the plugging and abandonment costs for the working interest properties owned by Mexco Energy Corporation.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved oil and gas reserves are those quantities of oil and gas, which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible from a given date forward. Moreover, estimates of reserves may increase or decrease as a result of future operations, effects of regulation by governmental agencies or geopolitical risks. As a result, the estimates of oil and gas reserves have an intrinsic uncertainty. The reserves included in this report are therefore estimates only and should not be construed as being exact quantities. They may or may not be actually recovered, and if recovered, the revenues therefrom and the actual costs related thereto could be more or less than the estimated amounts.</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The estimates of reserves presented herein were based upon a detailed study of the properties in which Mexco owns an interest; however, we have not made any field examination of the properties. No consideration was given in this report to potential environmental liabilities that may exist nor were any costs included for potential liability to restore and clean up damages, if any, caused by past operating practices.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Where wells did not have significant income to Mexco during 2015, wells have been combined into an income stream in their respective Joint Venture and evaluated as a single projection. This eliminated a significant amount of paper in the Report without detracting from the accuracy of the numbers.</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">COG Operating drilled sixteen (16) Dodd Federal Unit wells during 2014. They plan to drill an additional eighteen (18) unit producers and four (4) Injection wells in 2015. In addition COG Operating plans to drill one (1) horizontal well in 2015.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The MHM acquisition should add considerable reserves to Mexco. The minor income stream on the MHM acquisition contains over 1,700 properties. The monthly income on each property is small and does not justify the expenses to evaluate them individually. The remaining properties have been evaluated individually.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The King/Barnett, Trinity Bay and Walker are acquisitions that were made in 2014. Also the Hybrid-Durrell properties were acquired in 2014. These properties had some special agreement which made them very attractive. Some of the operating expenses and capital drilling costs were suspended. This made the acquisition very attractive. Since the acquisition, three (3) wells have been drilled. The wells have not been fractured as of this report, but plans are in progress to treat them. Drilling continues on the Limpia Lease in Andrews County. The Forman project continues to drill wells in which Mexco has some interests.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">To estimate economically recoverable oil and gas reserves and related future net cash flows, we consider many factors and assumptions including, but not limited to, the use of reservoir parameters derived from geological, geophysical and engineering data which cannot be measured directly, economic criteria based on current costs and SEC pricing requirements, and forecasts of future production rates. Under the SEC regulations 210.4-10(a)(22)(v) and (26), proved reserves must be demonstrated to be economically producible based on existing economic conditions including the prices and costs at which economic producibility from a reservoir is to be determined as of the effective date of the report. Mexco has informed us that they have furnished us all of the accounts, records, geological and engineering data, reports and other data required for this investigation. In preparing our forecast of future production and income, we have relied upon data furnished by Mexco with respect to property interests owned, production and well tests from examined wells, normal direct costs of operating the wells or leases, other costs such as transportation and/or processing fees, ad valorem and production taxes, recompletion and development costs, abandonment costs after salvage, product prices based on the SEC regulations, geological structural and isopach maps, well logs, core analyses, and pressure measurements. Joe C. Neal &amp; Associates reviewed such factual data for its reasonableness; however, we have not conducted an independent verification of the data supplied by Mexco.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The value estimated in this report is based on the assumptions that the properties are not negatively affected by the existence of hazardous substances or detrimental environmental conditions. We are experts in the identification of hazardous substances or detrimental environmental conditions, but have not been asked to perform an environmental study. It is possible that tests and inspections conducted by a qualified hazardous substance and environmental expert could reveal the existence of hazardous material and environmental conditions on or around the properties that would negatively affect the properties' values.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Property identification, expense and revenue interests, actual product prices, and operating expenses were provided by Mexco Energy Corporation. This data was not verified by inspection of internal records and files, nor was a physical inspection made of the properties. Information regarding prices and the particular pricing categories under current governmental regulations was supplied by Mexco Energy Corporation.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Net oil and gas reserves are estimated quantities of crude oil, natural gas, and natural gas liquids attributed to the revenue interests of Mexco Energy Corporation. Net income to the interests of Mexco Energy Corporation is the future net revenue after deduction of state and county taxes, operating expenses, and investments, if applicable. The resulting net income is before federal income tax and does not consider any encumbrances against the properties, if such exist. Minor variations in composite columns totals result from computer rounding. Values of the estimated net proved reserves are expressed in terms of future net revenue and present value of future net revenue. Future net revenues are calculated by deducting estimated operating expenses, capital costs, and severance and ad Valorem taxes from the future gross revenue.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Present value of future net revenue is calculated by discounting the future net revenue at the rate of ten percent (10%) per annum compounded monthly over the expected period of realization. The present value set forth in this report does not necessarily represent the fair market value of the evaluated interests.</div>

<div style="FONT-SIZE: 11pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">A summary projection of the estimated future net revenue and present value of future net revenue as of March 31, 2015 is as follows:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15">&#160;</div>

<table id="28e0577c54f941b0a913949a1df484a3" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 70%" cellspacing="0" cellpadding="2" align="center" border="0">
<tr style="HEIGHT: 33px">
<td style="FONT-SIZE: 11pt; WIDTH: 23.07%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Year</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15.03%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">&#160;&#160; </td>
<td style="WIDTH: 24%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Proved Developed</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Future Net Revenue $</div>
</td>
<td style="WIDTH: 15%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">&#160;&#160; </td>
<td style="FONT-SIZE: 11pt; WIDTH: 23%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">Discounted at 10% $</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 23.07%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15.03%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 24%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 23%; VERTICAL-ALIGN: bottom">&#160;</td>
</tr>

<tr style="HEIGHT: 16px">
<td style="FONT-SIZE: 11pt; WIDTH: 23.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2016</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15.03%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 24%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2,722,180</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 23%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2,594,230</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 23.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2017</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15.03%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 24%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2,983,670</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 23%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2,591,040</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 23.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2018</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15.03%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 24%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2,574,890</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 23%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">2,032,730</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 23.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">Remaining</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15.03%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 24%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">18,006,910</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 23%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">7,631,470</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 23.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15.03%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 24%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 23%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #dcdcdc">&#160;</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 23.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">Total</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15.03%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 24%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">26,287,650</div>
</td>
<td style="FONT-SIZE: 11pt; WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 23%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.15">14,849,470</div>
</td>
</tr>
</table>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">The future net revenue set forth above reflects estimated capital expenditures in the amount of $359,260.00 necessary to develop those reserves classified as Proved Developed Producing and Proved Developed Non-Producing. Proved Undeveloped net revenue reflects estimated capital costs of $6,258,140.00 to drill and complete those wells and install water floods.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Estimated reserves and future net income amounts presented in this report, as of March 31, 2015, are related to hydrocarbon prices. The hydrocarbon prices used in the preparation of this report are based on the average prices during the twelve (12) month period prior to the ending date of the period covered in this report (determined as unweighted arithmetic averages of the prices in effect on the first-day-of-the-month for each month within such period, unless prices were defined by contractual arrangements as required by the SEC regulations). The benchmark price of $79.21 per barrel has been adjusted by lease for gravity, transportation fees and regional price differentials to an average of $74.84. Gas prices per thousand cubic feet (MCF) are based on a benchmark price of $3.88 per MCF and have been adjusted by lease for BTU content, transportation fees and regional price differentials to an average of $3.595. The oil and gas prices were held constant for the economic life of the properties as specified by the SEC. Oil volumes shown herein are expressed in barrels, which are equivalent to forty-two (42) United States gallons. Gas volumes are expressed at standard conditions of sixty degrees (60&#176;) Fahrenheit and at the standard pressure base of the respective area in which the reserves are located.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Operating expenses including direct and indirect overhead expenses were held constant for the life of the properties. Severance and ad valorem taxes were deducted in the lease reserves and economics projections at the standard state rates.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Joe C. Neal &amp; Associates is an Independent Petroleum and Environmental Engineering Consulting Firm that has been providing Petroleum Consulting Services throughout the world for forty (40) years. Joe C. Neal &amp; Associates does not have any financial interest, including stock ownership in Mexco. Our fees were not contingent on the results of our evaluation. Joe C. Neal &amp; Associates has used all procedures and methods that it considered necessary to prepare this report. The technical persons responsible for preparing the reserve estimates presented herein meet the requirements regarding qualification, independence, objectivity, and confidentiality set forth in the Standards Pertaining to the Estimating and Auditing of Oil and Gas Reserves Information promulgated by the Society of Petroleum Engineers.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">This report is solely for the information of and assistance to Mexco Energy Corporation for their use in SEC filings. It is not to be used, circulated, quoted, or otherwise referred to for any purpose without the express written consent of the undersigned except as required by law. Data utilized in this report will be maintained in our files and is available for your use.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">In summary, we consider the assumptions, data, methods and analytical procedures used in this report appropriate for the purpose hereof, and we have used all such methods and procedures that we consider necessary and appropriate to prepare the estimates of reserves herein. The proved reserves included herein were determined in conformance with the SEC Modernization of Oil and Gas Reporting; Final Rule, including all references to Regulation S-X and Regulation S-K, referred to herein collectively as the &#8220;SEC Regulations.&#8221; In our opinion, the proved reserves presented in this report comply with the definitions, guidelines and disclosure requirements as required by the SEC regulations.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">It has been our privilege to serve you by preparing this evaluation.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<table id="344b0e1f79e64a89a4b30100d9e5d087" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Yours very truly,</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15">&#160;</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">&#160;&#160;&#160;&#160; </td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Joe C. Neal &amp; Associates</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Licensed Professional Engineer</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Registration Number: 23238</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Registered Professional Engineering Firm</div>
</td>
</tr>

<tr>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
<td style="FONT-SIZE: 11pt; WIDTH: 50%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Registration Number: F-001308</div>
</td>
</tr>
</table>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">DEFINITIONS&#160;OF&#160;OIL&#160;AND&#160;GAS&#160;RESERVES</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.15">17 CFR&#160;&#167; 210.4-10 Federal Register Dated December 31, 2008/Filed January 13, 2009</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Developed oil and gas reserves</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Developed oil and gas reserves are reserves of any category that can be expected to be recovered:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">(i) Through existing wells with existing equipment and operating methods or in which the cost of the required equipment is relatively minor compared to the cost of a new well; and</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">(ii) Through installed extraction equipment and infrastructure operational at the time of the reserves estimate if the extraction is by means not involving a well.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.15">Undeveloped oil and gas reserves</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Undeveloped oil and gas reserves are reserves of any category that are expected to be recovered from new wells on undrilled acreage, or from existing wells where a relatively major expenditure is required for recompletion.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">(i) Reserves on undrilled acreage shall be limited to those directly offsetting development spacing areas that are reasonably certain of production when drilled, unless evidence using reliable technology exists that establishes reasonable certainty of economic producibility at greater distances.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">(ii) Undrilled locations can be classified as having undeveloped reserves only if a development plan has been adopted indicating that they are scheduled to be drilled within five years, unless the specific circumstances, justify a longer time.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">(iii) Under no circumstances shall estimates for undeveloped reserves be attributable to any acreage for which an application of fluid injection or other improved recovery technique is contemplated, unless such techniques have been proved effective by actual projects in the same reservoir or an analogous reservoir, or by other evidence using reliable technology establishing reasonable certainty.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.15"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Proved oil and gas reserves </font><font style="FONT-FAMILY: 'Times New Roman', Times, serif">1</font></div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">Proved oil and gas reserves are those quantities of oil and gas, which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible - from a given date forward from known reservoirs, and under existing economic conditions, operating methods, and government regulations &#8211; prior to the time at which contracts providing the right to operate expire, unless evidence indicates that renewal is reasonably certain, regardless of whether deterministic or probabilistic methods are used for the estimation. The project to extract the hydrocarbons must have commenced or the operator must be reasonably certain that it will commence the project within a reasonable time.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">(i) The area of the reservoir considered as proved includes:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 72pt; LINE-HEIGHT: 1.15">(A) The area identified by drilling and limited by fluid contacts, if any, and</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 72pt; LINE-HEIGHT: 1.15">(B) Adjacent undrilled portions of the reservoir that can, with reasonable certainty, be judged to be continuous with it and to contain economically producible oil or gas on the basis of available geoscience and engineering data.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">(ii) In the absence of data on fluid contacts, proved quantities in a reservoir are limited by the lowest known hydrocarbons (LKH) as seen in a well penetration unless geoscience, engineering, or performance data and reliable technology establishes a lower contact with reasonable certainty.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">(iii) Where direct observation from well penetrations has defined a highest known oil (HKO) elevation and the potential exists for an associated gas cap, proved oil reserves may be assigned in the structurally higher portions of the reservoir only if geoscience, engineering, or performance data and reliable technology establish the higher contact with reasonable certainty.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 11pt; CLEAR: both; MARGIN-TOP: 11pt">
<hr id="DSPFPageBreak" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 1px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #555555; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #555555" noshade="noshade">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">(iv) Reserves which can be produced economically through application of improved recovery techniques (including, but not limited to, fluid injection) are included in the proved classification when:</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 72pt; LINE-HEIGHT: 1.15">(A) Successful testing by a pilot project in an area of the reservoir with properties no more favorable than in the reservoir as a whole, the operation of an installed program in the reservoir or an analogous reservoir, or other evidence using reliable technology establishes the reasonable certainty of the engineering analysis on which the project or program was based; and</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 72pt; LINE-HEIGHT: 1.15">(B) The project has been approved for development by all necessary parties and entities, including government entities.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.15">(v) Existing economic conditions include prices and costs at which economic producibility from a reservoir is to be determined. The price shall be the average price during the 12-month period prior to the ending date of the period covered by the report, determined as an unweighted arithmetic average of the first-date-of-the-month price for each month within such period, unless prices are defined by contractual arrangements, excluding escalations based upon future conditions.</div>

<div style="FONT-SIZE: 11pt; LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.15">
<table id="3b98f145b30d48d4903f805fd6a258ab" class="DSPFListTable" style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 18pt; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; align: right">1</td>
<td style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">Joe C. Neal &amp; Associates separates proved developed reserves into proved developed producing and proved developed nonproducing reserves. This is to identify proved developed producing reserves as those to be recovered from actively producing wells; proved developed nonproducing reserves as those to be recovered from wells or intervals within wells, which are completed but shut in waiting on equipment or pipeline connections, or wells where a relatively minor expenditure is required for recompletion to another zone.</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>

<div style="LINE-HEIGHT: 1.15"><br style="LINE-HEIGHT: 1.15">
</div>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.INS
<SEQUENCE>19
<FILENAME>mxc-20150331.xml
<DESCRIPTION>XBRL INSTANCE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 4.4a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: http://www.novaworks.co -->
    <!-- Field: Doc-Info; Name: Source; Value: fp0014808_Mexco_10k_xbrl.xfr; Date: 2015%2D06%2D25T16:40:04 -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<xbrli:xbrl xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2014-01-31" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:us-gaap="http://fasb.org/us-gaap/2015-01-31" xmlns:us-roles="http://fasb.org/us-roles/2015-01-31" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:us-types="http://fasb.org/us-types/2015-01-31" xmlns:invest="http://xbrl.sec.gov/invest/2013-01-31" xmlns:MXC="http://mexcoenergy.com/20150331">
    <link:schemaRef xlink:href="mxc-20150331.xsd" xlink:type="simple" />
    <xbrli:context id="AsOf2014-09-30">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2014-09-30</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-06-23">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-06-23</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2014-03-31">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2014-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2013-03-31">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2013-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2012-03-31">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2012-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-03-31">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2013-03-31_CommonStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2013-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2014-03-31_CommonStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2014-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2012-03-31_CommonStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2012-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2013-03-31_TreasuryStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2013-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2014-03-31_TreasuryStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2014-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2012-03-31_TreasuryStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2012-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2013-03-31_AdditionalPaidInCapitalMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2013-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2014-03-31_AdditionalPaidInCapitalMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2014-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2012-03-31_AdditionalPaidInCapitalMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2012-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2013-03-31_RetainedEarningsMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2013-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2014-03-31_RetainedEarningsMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2014-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2012-03-31_RetainedEarningsMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2012-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-03-31_us-gaap_CommonStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-03-31_us-gaap_TreasuryStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-03-31_us-gaap_AdditionalPaidInCapitalMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-03-31_us-gaap_RetainedEarningsMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2013-04-01to2014-03-31">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2013-04-01</xbrli:startDate>
        <xbrli:endDate>2014-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2012-04-01to2013-03-31">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2012-04-01</xbrli:startDate>
        <xbrli:endDate>2013-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2014-04-01to2015-03-31">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2014-04-01</xbrli:startDate>
        <xbrli:endDate>2015-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2013-10-01to2013-12-31">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2013-10-01</xbrli:startDate>
        <xbrli:endDate>2013-12-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2013-07-01to2013-09-30">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2013-07-01</xbrli:startDate>
        <xbrli:endDate>2013-09-30</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2013-04-01to2013-06-30">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2013-04-01</xbrli:startDate>
        <xbrli:endDate>2013-06-30</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2014-01-01to2014-03-31">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2014-01-01</xbrli:startDate>
        <xbrli:endDate>2014-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2015-01-01to2015-03-31">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2015-01-01</xbrli:startDate>
        <xbrli:endDate>2015-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2014-10-01to2014-12-31">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2014-10-01</xbrli:startDate>
        <xbrli:endDate>2014-12-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2014-07-01to2014-09-30">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2014-07-01</xbrli:startDate>
        <xbrli:endDate>2014-09-30</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2014-04-01to2014-06-30">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2014-04-01</xbrli:startDate>
        <xbrli:endDate>2014-06-30</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2013-04-01to2014-03-31_CommonStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2013-04-01</xbrli:startDate>
        <xbrli:endDate>2014-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2012-04-01to2013-03-31_CommonStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2012-04-01</xbrli:startDate>
        <xbrli:endDate>2013-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2012-04-01to2013-03-31_TreasuryStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2012-04-01</xbrli:startDate>
        <xbrli:endDate>2013-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2014-04-01to2015-03-31_TreasuryStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:TreasuryStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2014-04-01</xbrli:startDate>
        <xbrli:endDate>2015-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2013-04-01to2014-03-31_AdditionalPaidInCapitalMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2013-04-01</xbrli:startDate>
        <xbrli:endDate>2014-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2012-04-01to2013-03-31_AdditionalPaidInCapitalMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2012-04-01</xbrli:startDate>
        <xbrli:endDate>2013-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2014-04-01to2015-03-31_AdditionalPaidInCapitalMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2014-04-01</xbrli:startDate>
        <xbrli:endDate>2015-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2013-04-01to2014-03-31_RetainedEarningsMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2013-04-01</xbrli:startDate>
        <xbrli:endDate>2014-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2012-04-01to2013-03-31_RetainedEarningsMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2012-04-01</xbrli:startDate>
        <xbrli:endDate>2013-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2014-04-01to2015-03-31_RetainedEarningsMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2014-04-01</xbrli:startDate>
        <xbrli:endDate>2015-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-03-31_custom_SixToSixTwentyNineMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis">MXC:SixToSixTwentyNineMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-03-31_custom_SixThirtyToSixEightyMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis">MXC:SixThirtyToSixEightyMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-03-31_custom_SixToSixTwentyNineTwoMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis">MXC:SixToSixTwentyNineTwoMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-03-31_custom_AllPricesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis">MXC:AllPricesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-03-31_us-gaap_OilReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:OilReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2012-03-31_OilReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:OilReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2012-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2013-03-31_OilReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:OilReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2013-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2014-03-31_OilReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:OilReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2014-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-03-31_us-gaap_NaturalGasReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:NaturalGasReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2012-03-31_NaturalGasReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:NaturalGasReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2012-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2013-03-31_NaturalGasReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:NaturalGasReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2013-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2014-03-31_NaturalGasReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:NaturalGasReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2014-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2013-04-01to2014-03-31_OilReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:OilReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2013-04-01</xbrli:startDate>
        <xbrli:endDate>2014-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2012-04-01to2013-03-31_OilReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:OilReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2012-04-01</xbrli:startDate>
        <xbrli:endDate>2013-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2014-04-01to2015-03-31_OilReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:OilReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2014-04-01</xbrli:startDate>
        <xbrli:endDate>2015-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2013-04-01to2014-03-31_NaturalGasReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:NaturalGasReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2013-04-01</xbrli:startDate>
        <xbrli:endDate>2014-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2012-04-01to2013-03-31_NaturalGasReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:NaturalGasReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2012-04-01</xbrli:startDate>
        <xbrli:endDate>2013-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2014-04-01to2015-03-31_NaturalGasReservesMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ReserveQuantitiesByTypeOfReserveAxis">us-gaap:NaturalGasReservesMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2014-04-01</xbrli:startDate>
        <xbrli:endDate>2015-03-31</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2015-03-31_custom_SixThirtyToSixEighty1Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis">MXC:SixThirtyToSixEighty1Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2015-03-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="AsOf2012-12-31">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000066418</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:instant>2012-12-31</xbrli:instant>
      </xbrli:period>
    </xbrli:context>
    <xbrli:unit id="USD">
      <xbrli:measure>iso4217:USD</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Shares">
      <xbrli:measure>xbrli:shares</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="USDPShares">
      <xbrli:divide>
        <xbrli:unitNumerator>
          <xbrli:measure>iso4217:USD</xbrli:measure>
        </xbrli:unitNumerator>
        <xbrli:unitDenominator>
          <xbrli:measure>xbrli:shares</xbrli:measure>
        </xbrli:unitDenominator>
      </xbrli:divide>
    </xbrli:unit>
    <xbrli:unit id="Pure">
      <xbrli:measure>xbrli:pure</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="bbl">
      <xbrli:measure>utr:bbl</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Mcf">
      <xbrli:measure>utr:Mcf</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Mcfe">
      <xbrli:measure>utr:Mcfe</xbrli:measure>
    </xbrli:unit>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">156082</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">166406</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="AsOf2012-03-31" unitRef="USD" decimals="0">498681</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">96084</us-gaap:CashAndCashEquivalentsAtCarryingValue>
    <us-gaap:OilAndGasJointInterestBillingReceivablesCurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">628098</us-gaap:OilAndGasJointInterestBillingReceivablesCurrent>
    <us-gaap:OilAndGasJointInterestBillingReceivablesCurrent contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">384485</us-gaap:OilAndGasJointInterestBillingReceivablesCurrent>
    <MXC:AccountsReceivableTradeCurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">18144</MXC:AccountsReceivableTradeCurrent>
    <MXC:AccountsReceivableTradeCurrent contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">64584</MXC:AccountsReceivableTradeCurrent>
    <us-gaap:PrepaidExpenseCurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">28804</us-gaap:PrepaidExpenseCurrent>
    <us-gaap:PrepaidExpenseCurrent contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">44618</us-gaap:PrepaidExpenseCurrent>
    <us-gaap:AssetsCurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">831128</us-gaap:AssetsCurrent>
    <us-gaap:AssetsCurrent contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">589771</us-gaap:AssetsCurrent>
    <us-gaap:OilAndGasPropertyFullCostMethodGross contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">35460741</us-gaap:OilAndGasPropertyFullCostMethodGross>
    <us-gaap:OilAndGasPropertyFullCostMethodGross contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">40563443</us-gaap:OilAndGasPropertyFullCostMethodGross>
    <us-gaap:PropertyPlantAndEquipmentOther contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">94356</us-gaap:PropertyPlantAndEquipmentOther>
    <us-gaap:PropertyPlantAndEquipmentOther contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">106792</us-gaap:PropertyPlantAndEquipmentOther>
    <us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">18475174</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
    <us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">19838036</us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>
    <us-gaap:PropertyPlantAndEquipmentNet contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">17079923</us-gaap:PropertyPlantAndEquipmentNet>
    <us-gaap:PropertyPlantAndEquipmentNet contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">20832199</us-gaap:PropertyPlantAndEquipmentNet>
    <us-gaap:AssetsNoncurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">7239</us-gaap:AssetsNoncurrent>
    <us-gaap:AssetsNoncurrent contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">48980</us-gaap:AssetsNoncurrent>
    <us-gaap:Assets contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">17918290</us-gaap:Assets>
    <us-gaap:Assets contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">21470950</us-gaap:Assets>
    <us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">257431</us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent>
    <us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">423121</us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent>
    <us-gaap:AccruedIncomeTaxesCurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">6500</us-gaap:AccruedIncomeTaxesCurrent>
    <us-gaap:AccruedIncomeTaxesCurrent contextRef="AsOf2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:DerivativeLiabilitiesCurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">44981</us-gaap:DerivativeLiabilitiesCurrent>
    <us-gaap:DerivativeLiabilitiesCurrent contextRef="AsOf2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:LiabilitiesCurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">308912</us-gaap:LiabilitiesCurrent>
    <us-gaap:LiabilitiesCurrent contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">423121</us-gaap:LiabilitiesCurrent>
    <us-gaap:LongTermDebtNoncurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">2425000</us-gaap:LongTermDebtNoncurrent>
    <us-gaap:LongTermDebtNoncurrent contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">5950000</us-gaap:LongTermDebtNoncurrent>
    <us-gaap:AssetRetirementObligationsNoncurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">926577</us-gaap:AssetRetirementObligationsNoncurrent>
    <us-gaap:AssetRetirementObligationsNoncurrent contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">1230216</us-gaap:AssetRetirementObligationsNoncurrent>
    <us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">858449</us-gaap:DeferredTaxLiabilitiesNoncurrent>
    <us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">660870</us-gaap:DeferredTaxLiabilitiesNoncurrent>
    <us-gaap:Liabilities contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">4518938</us-gaap:Liabilities>
    <us-gaap:Liabilities contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">8264207</us-gaap:Liabilities>
    <us-gaap:PreferredStockValue contextRef="AsOf2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PreferredStockValue contextRef="AsOf2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:CommonStockValue contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">1052133</us-gaap:CommonStockValue>
    <us-gaap:CommonStockValue contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">1052133</us-gaap:CommonStockValue>
    <us-gaap:AdditionalPaidInCapitalCommonStock contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">6921645</us-gaap:AdditionalPaidInCapitalCommonStock>
    <us-gaap:AdditionalPaidInCapitalCommonStock contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">7075031</us-gaap:AdditionalPaidInCapitalCommonStock>
    <us-gaap:RetainedEarningsAccumulatedDeficit contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">5766566</us-gaap:RetainedEarningsAccumulatedDeficit>
    <us-gaap:RetainedEarningsAccumulatedDeficit contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">5425580</us-gaap:RetainedEarningsAccumulatedDeficit>
    <us-gaap:TreasuryStockValue contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">340992</us-gaap:TreasuryStockValue>
    <us-gaap:TreasuryStockValue contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">346001</us-gaap:TreasuryStockValue>
    <us-gaap:StockholdersEquity contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">13399352</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">12936985</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2012-03-31" unitRef="USD" decimals="0">12974290</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">13206743</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2013-03-31_CommonStockMember" unitRef="USD" decimals="0">1051433</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2014-03-31_CommonStockMember" unitRef="USD" decimals="0">1052133</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2012-03-31_CommonStockMember" unitRef="USD" decimals="0">1049558</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2013-03-31_TreasuryStockMember" unitRef="USD" decimals="0">-340992</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2014-03-31_TreasuryStockMember" unitRef="USD" decimals="0">-340992</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2012-03-31_TreasuryStockMember" unitRef="USD" decimals="0">-325445</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2013-03-31_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0">6761091</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2014-03-31_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0">6921645</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2012-03-31_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0">6608350</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2013-03-31_RetainedEarningsMember" unitRef="USD" decimals="0">5465453</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2014-03-31_RetainedEarningsMember" unitRef="USD" decimals="0">5766566</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2012-03-31_RetainedEarningsMember" unitRef="USD" decimals="0">5641827</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2015-03-31_us-gaap_CommonStockMember" unitRef="USD" decimals="0">1052133</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2015-03-31_us-gaap_TreasuryStockMember" unitRef="USD" decimals="0">-346001</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2015-03-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0">7075031</us-gaap:StockholdersEquity>
    <us-gaap:StockholdersEquity contextRef="AsOf2015-03-31_us-gaap_RetainedEarningsMember" unitRef="USD" decimals="0">5425580</us-gaap:StockholdersEquity>
    <us-gaap:LiabilitiesAndStockholdersEquity contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">17918290</us-gaap:LiabilitiesAndStockholdersEquity>
    <us-gaap:LiabilitiesAndStockholdersEquity contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">21470950</us-gaap:LiabilitiesAndStockholdersEquity>
    <us-gaap:PreferredStockParOrStatedValuePerShare contextRef="AsOf2014-03-31" unitRef="USDPShares" decimals="INF">1</us-gaap:PreferredStockParOrStatedValuePerShare>
    <us-gaap:PreferredStockParOrStatedValuePerShare contextRef="AsOf2015-03-31" unitRef="USDPShares" decimals="INF">1</us-gaap:PreferredStockParOrStatedValuePerShare>
    <us-gaap:PreferredStockSharesAuthorized contextRef="AsOf2014-03-31" unitRef="Shares" decimals="INF">10000000</us-gaap:PreferredStockSharesAuthorized>
    <us-gaap:PreferredStockSharesAuthorized contextRef="AsOf2015-03-31" unitRef="Shares" decimals="INF">10000000</us-gaap:PreferredStockSharesAuthorized>
    <us-gaap:PreferredStockSharesIssued contextRef="AsOf2014-03-31" unitRef="Shares" decimals="INF">0</us-gaap:PreferredStockSharesIssued>
    <us-gaap:PreferredStockSharesIssued contextRef="AsOf2015-03-31" unitRef="Shares" decimals="INF">0</us-gaap:PreferredStockSharesIssued>
    <us-gaap:PreferredStockSharesOutstanding contextRef="AsOf2014-03-31" unitRef="Shares" decimals="INF">0</us-gaap:PreferredStockSharesOutstanding>
    <us-gaap:PreferredStockSharesOutstanding contextRef="AsOf2015-03-31" unitRef="Shares" decimals="INF">0</us-gaap:PreferredStockSharesOutstanding>
    <us-gaap:CommonStockParOrStatedValuePerShare contextRef="AsOf2014-03-31" unitRef="USDPShares" decimals="INF">0.50</us-gaap:CommonStockParOrStatedValuePerShare>
    <us-gaap:CommonStockParOrStatedValuePerShare contextRef="AsOf2015-03-31" unitRef="USDPShares" decimals="INF">0.50</us-gaap:CommonStockParOrStatedValuePerShare>
    <us-gaap:CommonStockSharesAuthorized contextRef="AsOf2014-03-31" unitRef="Shares" decimals="INF">40000000</us-gaap:CommonStockSharesAuthorized>
    <us-gaap:CommonStockSharesAuthorized contextRef="AsOf2015-03-31" unitRef="Shares" decimals="INF">40000000</us-gaap:CommonStockSharesAuthorized>
    <us-gaap:CommonStockSharesIssued contextRef="AsOf2014-03-31" unitRef="Shares" decimals="INF">2104266</us-gaap:CommonStockSharesIssued>
    <us-gaap:CommonStockSharesIssued contextRef="AsOf2015-03-31" unitRef="Shares" decimals="INF">2104266</us-gaap:CommonStockSharesIssued>
    <us-gaap:CommonStockSharesOutstanding contextRef="AsOf2014-03-31" unitRef="Shares" decimals="INF">2038266</us-gaap:CommonStockSharesOutstanding>
    <us-gaap:CommonStockSharesOutstanding contextRef="AsOf2015-03-31" unitRef="Shares" decimals="INF">2037266</us-gaap:CommonStockSharesOutstanding>
    <us-gaap:TreasuryStockShares contextRef="AsOf2014-03-31" unitRef="Shares" decimals="INF">66000</us-gaap:TreasuryStockShares>
    <us-gaap:TreasuryStockShares contextRef="AsOf2015-03-31" unitRef="Shares" decimals="INF">67000</us-gaap:TreasuryStockShares>
    <us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;1. Nature&#13;of Operations&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;Mexco Energy&#13;Corporation (a Colorado corporation) and its wholly owned subsidiaries, Forman Energy Corporation (a New York corporation), Southwest&#13;Texas Disposal Corporation (a Texas corporation) and TBO Oil &amp;#38; Gas, LLC (a Texas limited liability company) (collectively,&#13;the &amp;#147;Company&amp;#148;) are engaged in the exploration, development and production of natural gas, crude oil, condensate and&#13;natural gas liquids (&amp;#147;NGLs&amp;#148;). Most of the Company&amp;#146;s oil and gas interests are centered in West Texas; however,&#13;the Company owns producing properties and undeveloped acreage in thirteen states. Although most of the Company oil and gas interests&#13;are operated by others, the Company operates several properties in which it owns an interest.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;</us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock>
    <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2.&#13;Summary of Significant Accounting Policies&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Principles&#13;of Consolidation&lt;/b&gt;&lt;/font&gt;. The consolidated financial statements include the accounts of Mexco Energy Corporation and its wholly&#13;owned subsidiaries. All significant intercompany balances and transactions associated with the consolidated operations have been&#13;eliminated.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Estimates&#13;and Assumptions&lt;/b&gt;&lt;/font&gt;. In preparing financial statements in conformity with accounting principles generally accepted in the&#13;United States of America, management is required to make informed judgments, estimates and assumptions that affect the reported&#13;amounts of assets and liabilities as of the date of the financial statements and affect the reported amounts of revenues and expenses&#13;during the reporting period. In addition, significant estimates are used in determining year end proved oil and gas reserves. Although&#13;management believes its estimates and assumptions are reasonable, actual results may differ materially from those estimates. The&#13;estimate of the Company&amp;#146;s oil and natural gas reserves, which is used to compute depreciation, depletion, amortization and&#13;impairment of oil and gas properties, is the most significant of the estimates and assumptions that affect these reported results.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Cash&#13;and Cash Equivalents&lt;/b&gt;&lt;/font&gt;. The Company considers all highly liquid debt instruments purchased with maturities of three months&#13;or less and money market funds to be cash equivalents. The Company maintains cash in bank deposit accounts that may, at times,&#13;exceed federally insured limits. At March 31, 2015, the Company had the majority of its cash and cash equivalents with one financial&#13;institution. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit&#13;risk.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Accounts&#13;Receivable.&lt;/b&gt;&lt;/font&gt; Accounts receivable includes trade receivables from joint interest owners and oil and gas purchasers. Credit&#13;is extended based on an evaluation of a customer's financial condition and, generally, is uncollateralized. Accounts receivable&#13;under joint operating agreements have a right of offset against future oil and gas revenues if a producing well is completed. The&#13;collectability of receivables is assessed and an allowance is made for any doubtful accounts. The allowance for doubtful accounts&#13;is determined based on the Company&amp;#146;s previous loss history. The Company has not experienced any significant credit losses.&#13;For the years ending March 31, 2015, 2014 and 2013, no allowance has been made for doubtful accounts.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Oil&#13;and Gas Properties&lt;/b&gt;&lt;/font&gt;. Oil and gas properties are accounted for using the full cost method of accounting. Under this method&#13;of accounting, the costs of unsuccessful, as well as successful, acquisition, exploration and development activities are capitalized&#13;as property and equipment. This includes any internal costs that are directly related to exploration and development activities&#13;but does not include any costs related to production, general corporate overhead or similar activities. The carrying amount of&#13;oil and gas properties also includes estimated asset retirement costs recorded based on the fair value of the asset retirement&#13;obligation (&amp;#147;ARO&amp;#148;) when incurred. Generally, no gains or losses are recognized on the sale or disposition of oil and&#13;gas properties.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Excluded&#13;Costs&lt;/b&gt;&lt;/font&gt;. Oil and gas properties include costs that are excluded from capitalized costs being amortized. These amounts&#13;represent investments in unproved properties and major development projects. These costs are excluded until proved reserves are&#13;found or until it is determined that the costs are impaired. All costs excluded are reviewed at least quarterly to determine if&#13;impairment has occurred. The amount of any impairment is transferred to the capitalized costs being amortized (the depreciation,&#13;depletion and amortization (&amp;#147;DD&amp;#38;A&amp;#148;) pool). Impairments transferred to the DD&amp;#38;A pool increase the DD&amp;#38;A rate.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;b&gt;Ceiling&#13;Test&lt;/b&gt;. Under the full cost method of accounting, a ceiling test is performed each quarter. The full cost ceiling test is an&#13;impairment test to determine a limit, or ceiling, on the book value of oil and gas properties. That limit is basically the after&#13;tax present value of the future net cash flows from proved crude oil and natural gas reserves and using an average price over&#13;the prior 12-month period held flat for the life of production plus the lower of cost or fair market value of unproved properties.&#13;If net capitalized costs of crude oil and natural gas properties exceed the ceiling limit, the Company must charge the amount&#13;of the excess to earnings as an expense reflected in additional accumulated DD&amp;#38;A. This is called a "ceiling limitation write-down."&#13;This charge does not impact cash flow from operating activities, but does reduce stockholders' equity and reported earnings.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Depreciation,&#13;Depletion and Amortization&lt;/b&gt;&lt;/font&gt;. The depreciable base for oil and gas properties includes the sum of capitalized costs, net&#13;of accumulated DD&amp;#38;A, estimated future development costs and asset retirement costs not accrued in oil and gas properties, less&#13;costs excluded from amortization and salvage. The depreciable base of oil and gas properties is amortized using the unit-of-production&#13;method.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Asset&#13;Retirement Obligations&lt;/b&gt;&lt;/font&gt;. The Company has significant obligations to plug and abandon natural gas and crude oil wells&#13;and related equipment at the end of oil and gas production operations. The Company records the fair value of a liability for an&#13;ARO in the period in which it is incurred and a corresponding increase in the carrying amount of the related asset. Subsequently,&#13;the asset retirement costs included in the carrying amount of the related asset are allocated to expense using the units of production&#13;method. In addition, increases in the discounted ARO liability resulting from the passage of time are reflected as accretion expense&#13;in the Consolidated Statement of Operations.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;Estimating the&#13;future ARO requires management to make estimates and judgments regarding timing and existence of a liability, as well as what constitutes&#13;adequate restoration. The Company uses the present value of estimated cash flows related to the ARO to determine the fair value.&#13;Inherent in the present value calculation are numerous assumptions and judgments including the ultimate costs, inflation factors,&#13;credit adjusted discount rates, timing of settlement, and changes in the legal, regulatory, environmental and political environments.&#13;To the extent future revisions to these assumptions impact the present value of the existing ARO liability, a corresponding adjustment&#13;is made to the related asset.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Income&#13;Taxes&lt;/b&gt;&lt;/font&gt;. The Company recognizes deferred tax assets and liabilities for future tax consequences of temporary differences&#13;between the carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are&#13;measured using enacted tax rates applicable to the years in which those differences are expected to be settled. The effect on deferred&#13;tax assets and liabilities of a change in tax rates is recognized in net income in the period that includes the enactment date.&#13;Any interest and penalties are recorded as interest expense and general and administrative expense, respectively.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Other&#13;Property and Equipment&lt;/b&gt;&lt;/font&gt;. Provisions for depreciation of office furniture and equipment are computed on the straight-line&#13;method based on estimated useful lives of three to ten years.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Derivatives.&#13;&lt;/b&gt;&lt;/font&gt;The Company is required to recognize its derivative instruments on the consolidated balance sheets as assets or liabilities&#13;at fair value with such amounts classified as current or long-term based on their anticipated settlement dates. The accounting&#13;for the changes in fair value of a derivative depends on the intended use of the derivative and resulting designation. The Company&#13;has not designated its derivative instruments as hedges for accounting purposes and, as a result, marks its derivative instruments&#13;to fair value and recognizes the realized and unrealized change in fair value on derivative instruments in the consolidated statements&#13;of operations.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(Loss)&#13;Income Per Common Share&lt;/b&gt;&lt;/font&gt;. Basic net (loss) income per share is computed by dividing net (loss) income by the weighted&#13;average number of common shares outstanding during the period. Diluted net (loss) income per share assumes the exercise of all&#13;stock options having exercise prices less than the average market price of the common stock during the period using the treasury&#13;stock method and is computed by dividing net (loss) income by the weighted average number of common shares and dilutive potential&#13;common shares (stock options) outstanding during the period. In periods where losses are reported, the weighted-average number&#13;of common shares outstanding excludes potential common shares, because their inclusion would be anti-dilutive.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Revenue&#13;Recognition. &lt;/b&gt;&lt;/font&gt;Oil and gas sales and resulting receivables are recognized when the product is delivered to the purchaser&#13;and title has transferred. Sales are to credit-worthy energy purchasers with payments generally received within 60 days of transportation&#13;from the well site. The Company has historically had little, if any, uncollectible oil and gas receivables.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Gas&#13;Balancing&lt;/b&gt;&lt;/font&gt;. Gas imbalances are accounted for under the sales method whereby revenues are recognized based on production&#13;sold. A liability is recorded when excess takes of natural gas volumes exceed estimated remaining recoverable reserves (over produced).&#13;No receivables are recorded for those wells where the Company has taken less than its ownership share of gas production (under&#13;produced). The Company does not have any significant gas imbalances.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Stock-based&#13;Compensation&lt;/b&gt;&lt;/font&gt;. The Company uses the Binomial option pricing model to estimate the fair value of stock based compensation&#13;expenses at grant date. This expense is recognized as compensation expense in its financial statements over the vesting period.&#13;The Company recognizes the fair value of stock-based compensation awards as wages in the Consolidated Statements of Operations&#13;based on a graded-vesting schedule over the vesting period.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Recent&#13;Accounting Pronouncements. &lt;/b&gt;&lt;/font&gt;In May 2014, the Financial Accounting Standards Board (&amp;#147;FASB&amp;#148;) issued Accounting&#13;Standards Update (&amp;#147;ASU&amp;#148;) No. 2014-09, Topic 606: Revenue from Contracts with Customers. ASU No. 2014-09 is effective&#13;for Mexco as of April 1, 2017. Management is evaluating the effect, if any this pronouncement will have on the Company&amp;#146;s&#13;consolidated financial statements.&lt;/p&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
    <us-gaap:BusinessCombinationDisclosureTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="margin: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;3.&#13;Business Combinations&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;On&#13;December 31, 2012, the Company purchased all of the outstanding ownership interests of TBO Oil &amp;#38; Gas, LLC (&amp;#147;TBO&amp;#148;),&#13;a Texas limited liability company which owns non-operated working interests in approximately 280 wells producing primarily oil,&#13;expanding the Company&amp;#146;s revenues. The cash purchase price of $1,150,000 was funded from its $4.9 million bank credit facility.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;purchase price was allocated to the assets acquired and liabilities assumed at estimated fair values as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 70%; font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved&#13;    oil and gas properties&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 10%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 18%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,202,013&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Accounts&#13;    receivable&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;74,623&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    assets acquired&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,276,636&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Accounts payable&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(45,876&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Asset&#13;    retirement obligations assumed&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(80,760&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net&#13;    purchase price&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,150,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#146;s results of operations for fiscal year 2015 include approximately $366,000 in revenues and approximately $120,000&#13;in earnings from TBO. The Company&amp;#146;s results of operations for fiscal year 2014 include approximately $705,000 in revenues&#13;and approximately $448,000 in earnings from TBO. The Company&amp;#146;s results of operations for fiscal year 2013 include approximately&#13;$119,800 in revenues and approximately $62,400 in earnings from TBO.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;Company has not disclosed the pro forma information for this acquisition because the revenue and expenses for this acquisition&#13;were immaterial to its consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="margin: 0pt"&gt;&lt;/p&gt;</us-gaap:BusinessCombinationDisclosureTextBlock>
    <us-gaap:FairValueMeasurementInputsDisclosureTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4.&#13;Fair Value of Financial Instruments.&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Fair&#13;value as defined by authoritative literature is the price that would be received to sell an asset or paid to transfer a liability&#13;(exit price) in an orderly transaction between market participants at the measurement date. Fair value measurements are classified&#13;and disclosed in one of the following categories:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 9pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Level&#13;1 &amp;#150; Quoted prices in active markets for identical assets and liabilities.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Level&#13;2 &amp;#150; Quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar instruments&#13;in markets that are not active and model-derived valuations whose inputs are observable or whose significant value drivers are&#13;observable.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Level&#13;3 &amp;#150; Significant inputs to the valuation model are unobservable.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Financial&#13;assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;carrying amount reported in the accompanying consolidated balance sheets for cash and cash equivalents, accounts receivable and&#13;accounts payable approximates fair value because of the immediate or short-term maturity of these financial instruments.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;fair value amount reported in the accompanying consolidated balance sheets for long term debt approximates fair value because&#13;the actual interest rates do not significantly differ from current rates offered for instruments with similar characteristics&#13;and is deemed to use Level 2 inputs. See the Company&amp;#146;s Note 5 on Credit Facility for further discussion.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;fair value of the Company&amp;#146;s crude oil swaps are measured internally using established commodity futures price strips for&#13;the underlying commodity provided by a reputable third party, the contracted notional volumes, and time to maturity. The valuation&#13;of the Company&amp;#146;s derivative instrument is deemed to use Level 2 inputs. See the Company&amp;#146;s Note 8 on Derivatives for&#13;further discussion.&lt;/font&gt;&lt;/p&gt;</us-gaap:FairValueMeasurementInputsDisclosureTextBlock>
    <us-gaap:DebtAndCapitalLeasesDisclosuresTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;5.&#13;Credit Facility&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;Company has a revolving credit agreement with Bank of America, N.A. (the &amp;#147;Agreement&amp;#148;), which provides for a credit facility&#13;of $6,300,000 with no monthly commitment reductions and a borrowing base evaluated annually, currently set at $6,300,000. Amounts&#13;borrowed under the Agreement are collateralized by the common stock of the Company&amp;#146;s wholly owned subsidiaries and substantially&#13;all of the Company&amp;#146;s oil and gas properties.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;Agreement was renewed nine times with the ninth amendment on February 13, 2015, which revised the maturity date to November 30,&#13;2020. Under the original and renewed agreements, interest on the facility accrues at an annual rate equal to the British Bankers&#13;Association London Interbank Offered Rate ("BBA LIBOR") daily floating rate, plus 2.50 percentage points, which was 2.68% on March&#13;31, 2015. Interest on the outstanding amount under the credit agreement is payable monthly. In addition, the Company will pay&#13;an unused commitment fee in an amount equal to &amp;#189; of 1 percent (.5%) times the daily average of the unadvanced amount of the&#13;commitment. The unused commitment fee is payable quarterly in arrears on the last day of each calendar quarter and is included&#13;in the consolidated statements of operations under the caption &amp;#147;General and administrative&amp;#148; expenses. Availability of&#13;this line of credit at March 31, 2015 was $300,000. No principal payments are anticipated to be required through November 30,&#13;2020.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;Agreement contains customary covenants for credit facilities of this type including limitations on disposition of assets, mergers&#13;and reorganizations. The Company is also obligated to meet certain financial covenants under the Agreement. The Company is in&#13;compliance with all covenants as of March 31, 2015. In addition, this Agreement prohibits the Company from paying cash dividends&#13;on its common stock. The Agreement does grant the Company permission to enter into hedge agreements; however, it is under no obligation&#13;to do so.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;amended Agreement allows for up to $500,000 of the facility to be used for outstanding letters of credits. As of March 31, 2015,&#13;one letter of credit for $50,000, in lieu of a plugging bond with the Texas Railroad Commission (&amp;#147;TRRC&amp;#148;) covering the&#13;properties the Company operates is outstanding under the facility. This letter of credit renews annually. The Company will pay&#13;a fee in an amount equal to 1 percent (1.0%) per annum of the outstanding undrawn amount of each standby letter of credit, payable&#13;monthly in arrears, on the basis of the face amount outstanding on the day the fee is calculated.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;balance outstanding on the line of credit as of March 31, 2015 was $5,950,000 and as of June 23, 2015 was $6,100,000. The following&#13;table is a summary of activity on the Bank of America, N.A. line of credit for the year ended March 31, 2015:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 11pt"&gt;&#13;&lt;tr&gt;&#13;    &lt;td style="vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="vertical-align: top; border-bottom: rgb(0, 0, 0) 2px solid; font-size: 11pt; text-align: center"&gt;Principal&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="width: 86%; vertical-align: top; font-size: 11pt; text-align: left"&gt;Balance at April 1, 2014:&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 11%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;2,425,000&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(255, 255, 255)"&gt;&#13;    &lt;td style="padding-left: 9pt; vertical-align: top; font-size: 11pt; text-align: left"&gt;Borrowings&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;3,675,000&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="padding-bottom: 2px; padding-left: 9pt; vertical-align: top; font-size: 11pt; text-align: left"&gt;Repayments&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2px; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(150,000&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; padding-bottom: 2px; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(255, 255, 255)"&gt;&#13;    &lt;td style="padding-bottom: 4px; vertical-align: top; font-size: 11pt; text-align: left"&gt;Balance at March 31, 2015:&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 4px; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: rgb(0, 0, 0) 4px double; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="border-bottom: rgb(0, 0, 0) 4px double; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;5,950,000&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; padding-bottom: 4px; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;</us-gaap:DebtAndCapitalLeasesDisclosuresTextBlock>
    <us-gaap:AssetRetirementObligationDisclosureTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="margin: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;6.&#13;Asset Retirement Obligations&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="margin: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;Company&amp;#146;s asset retirement obligations relate to the plugging of wells, the removal of facilities and equipment, and site&#13;restoration on oil and gas properties. The fair value of a liability for an ARO is recorded in the period in which it is incurred,&#13;discounted to its present value using the credit adjusted risk-free interest rate, and a corresponding amount capitalized by increasing&#13;the carrying amount of the related long-lived asset. The liability is accreted each period, and the capitalized cost is depreciated&#13;over the useful life of the related asset. The ARO is included on the consolidated balance sheets with the current portion being&#13;included in the accounts payable and accrued expenses.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;following table provides a rollforward of the asset retirement obligations for fiscal years ended March 31:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 50%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Carrying&#13;    amount of asset retirement obligations as of April 1&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 9%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 14%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;961,577&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 9%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 14%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;813,412&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Liabilities incurred&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;274,148&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;134,113&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Liabilities settled&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(23,441&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(30,314&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Accretion&#13;    expense&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;27,932&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;44,366&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Carrying amount of asset&#13;    retirement obligations as of March 31&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,240,216&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;961,577&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Less:&#13;    Current portion&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;10,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;35,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Non-Current&#13;    asset retirement obligation&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,230,216&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;926,577&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;br style="line-height: 1.15" /&gt;&lt;/font&gt;&lt;/p&gt;</us-gaap:AssetRetirementObligationDisclosureTextBlock>
    <us-gaap:IncomeTaxDisclosureTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;7.&#13;Income Taxes&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The Company files a consolidated&#13;federal income tax return and various state income tax returns. The amount of income taxes we record requires the interpretation&#13;of complex rules and regulations of federal and state taxing jurisdictions. With few exceptions, the Company is no longer subject&#13;to U.S. federal and state income tax examinations by tax authorities for years prior to 2012. In January 2014, the Company was&#13;notified by the Internal Revenue Service that it had been selected at random for a compliance research examination of fiscal year&#13;ending March 31, 2012. The Company has been informally advised by an employee of the Internal Revenue Service that the audit resulted&#13;in no change to the Company&amp;#146;s federal income tax return.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Significant&#13;components of net deferred tax assets (liabilities) at March 31 are as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Deferred tax assets:&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="width: 56%; font-size: 11pt; text-align: left; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Percentage&#13;    depletion carryforwards&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,535,126&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,463,834&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Deferred&#13;    stock-based compensation&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;36,958&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;29,475&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Asset&#13;    retirement obligation&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;384,467&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;298,089&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net&#13;    operating loss&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;720,308&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;298,736&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Derivative&#13;    instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;13,944&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;11,111&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;9,673&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,687,970&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,113,751&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Deferred tax liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Excess&#13;    financial accounting bases over tax bases of&amp;#160; &amp;#160; property and equipment&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(3,348,840&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(2,972,200&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net&#13;    deferred tax liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(660,870&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(858,449&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;of March 31, 2015, the Company has a statutory depletion carryforward of approximately $4,950,000, which does not expire. At March&#13;31, 2015, the Company had a net operating loss carryforward for regular income tax reporting purposes of approximately $4,500,000,&#13;which will begin expiring in 2029. The Company&amp;#146;s ability to use some of its net operating loss carryforwards and certain&#13;other tax attributes to reduce current and future U.S. federal taxable income is subject to limitations under the Internal Revenue&#13;Code.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;income tax provision consists of the following for years ended March 31, 2015, 2014 and 2013:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Current income&#13;    tax expense&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6,500&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Deferred&#13;    income tax (benefit) expense&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(197,499&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5,250&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(31,504&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    income tax provision:&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;(&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;197,499&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;11,750&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(31,504&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Effective tax rate&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(37&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(15&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The current&#13;income tax expense for fiscal year 2014 is the Company&amp;#146;s anticipated alternative minimum tax that cannot offset with its&#13;alternative minimum tax net operating loss.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;A&#13;reconciliation of the provision for income taxes to income taxes computed using the federal statutory rate for years ended March&#13;31 follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Tax expense&#13;    at federal statutory rate (1)&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(183,085&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;106,374&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(70,678&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Statutory depletion carryforward&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(71,292&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(127,204&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Effect of graduated rates&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;12,221&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(13,841&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,391&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Permanent differences&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;44,576&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;46,421&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;35,783&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    income tax (benefit) expense&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(197,499&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;11,750&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(31,504&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Effective&#13;    income tax rate&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(37&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(15&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(1)&#13;The federal statutory rate was 34% for fiscal years ending March 31, 2015, 2014 and 2013.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;For&#13;the years ended March 31, 2015, 2014 and 2013, the Company did not have any uncertain tax positions.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;A&#13;reconciliation of the beginning and ending balances of unrecognized tax benefits is as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Unrecognized&#13;    tax benefits at beginning of period&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;679,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;677,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;677,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Additions based on tax&#13;    positions related to the current year&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Changes to tax positions&#13;    of prior years&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Settlements&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Expirations&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Unrecognized&#13;    tax benefits at end of period&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;679,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;679,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;677,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;While&#13;the amount of unrecognized tax benefits may change in the next 12 months, the Company does not expect any change to have a significant&#13;impact on its results of operations. The recognition of the total amount of the unrecognized tax benefits would have an impact&#13;on the effective tax rate. If these unrecognized tax benefits are disallowed, the Company will be required to pay additional taxes.&lt;/font&gt;&lt;/p&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
    <dei:EntityRegistrantName contextRef="From2014-04-01to2015-03-31">MEXCO ENERGY CORPORATION</dei:EntityRegistrantName>
    <dei:EntityCentralIndexKey contextRef="From2014-04-01to2015-03-31">0000066418</dei:EntityCentralIndexKey>
    <dei:DocumentType contextRef="From2014-04-01to2015-03-31">10-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="From2014-04-01to2015-03-31">2015-03-31</dei:DocumentPeriodEndDate>
    <dei:AmendmentFlag contextRef="From2014-04-01to2015-03-31">false</dei:AmendmentFlag>
    <dei:CurrentFiscalYearEndDate contextRef="From2014-04-01to2015-03-31">--03-31</dei:CurrentFiscalYearEndDate>
    <dei:EntityWellKnownSeasonedIssuer contextRef="From2014-04-01to2015-03-31">No</dei:EntityWellKnownSeasonedIssuer>
    <dei:EntityVoluntaryFilers contextRef="From2014-04-01to2015-03-31">No</dei:EntityVoluntaryFilers>
    <dei:EntityCurrentReportingStatus contextRef="From2014-04-01to2015-03-31">Yes</dei:EntityCurrentReportingStatus>
    <dei:EntityFilerCategory contextRef="From2014-04-01to2015-03-31">Smaller Reporting Company</dei:EntityFilerCategory>
    <dei:DocumentFiscalPeriodFocus contextRef="From2014-04-01to2015-03-31">FY</dei:DocumentFiscalPeriodFocus>
    <dei:DocumentFiscalYearFocus contextRef="From2014-04-01to2015-03-31">2014</dei:DocumentFiscalYearFocus>
    <dei:EntityPublicFloat contextRef="AsOf2014-09-30" unitRef="USD" decimals="0">6294450</dei:EntityPublicFloat>
    <dei:EntityCommonStockSharesOutstanding contextRef="AsOf2015-06-23" unitRef="Shares" decimals="INF">2037266</dei:EntityCommonStockSharesOutstanding>
    <us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;8.&#13;Derivatives&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;All&#13;derivative financial instruments are recorded at fair value. The Company has not designated its derivative instruments as hedges&#13;for accounting purposes and, as a result, marks its derivative instruments to fair value and recognizes the realized and unrealized&#13;changes in fair value in the consolidated statements of operations under the caption &amp;#147;Gain (loss) on derivative instruments.&amp;#148;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;Company uses price swap contracts to reduce price volatility associated with certain of its oil sales. With respect to the Company&amp;#146;s&#13;fixed price swap contracts, the counterparty is required to make a payment to the Company if the settlement price for any settlement&#13;period is less than the swap price, and the Company is required to make a payment to the counterparty if the settlement price&#13;for any settlement period is greater than the swap price. The Company&amp;#146;s derivative contracts are based upon reported settlement&#13;prices on commodity exchanges, with crude oil derivative settlements based on New York Mercantile Exchange West Texas Intermediate&#13;(&amp;#147;NYMEX WTI&amp;#148;) pricing. The counterparty to the Company&amp;#146;s derivative contract is Merrill Lynch Commodities, Inc.,&#13;which the Company believes is an acceptable credit risk.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;fair value of swaps is generally determined using established index prices and other sources which are based upon, among other&#13;things, futures prices and time to maturity.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;of March 31, 2015 the Company does not have any open crude oil derivative positions with respect to future production.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;net fair value of the Company&amp;#146;s derivative assets and liabilities and their locations on the consolidated balance sheet are&#13;as follows for the years ended March 31:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Current assets: Derivative&#13;    instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Noncurrent&#13;    assets: Derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    assets&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="width: 56%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Current liabilities:&#13;    Derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;44,981&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Noncurrent&#13;    liabilities: Derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;44,981&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&#13;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;None&#13;of the Company&amp;#146;s derivatives have been designated as hedges. As such, all changes in fair value are immediately recognized&#13;in earnings. The following summarizes the loss on derivative instruments included in the consolidated statements of operations&#13;for the year ended March 31, 2015 and 2014:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 56%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Unrealized&#13;    loss on open non-hedge derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(44,981&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Gain&#13;    (loss) on settlement of non-hedge derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;102,069&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(54,281&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    gain (loss) on derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;102,069&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(99,262&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;br style="line-height: 1.15" /&gt;&lt;/font&gt;&lt;/p&gt;</us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock>
    <us-gaap:ConcentrationRiskDisclosureTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;9.&#13;Major Customers&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Currently,&#13;the Company operates exclusively within the United States and its revenues and operating profit are derived from the oil and gas&#13;industry. Oil and gas production is sold to various purchasers and the receivables are unsecured. Historically, the Company has&#13;not experienced significant credit losses on its oil and gas accounts and management is of the opinion that significant credit&#13;risk does not exist. Management is of the opinion that the loss of any one purchaser would not have an adverse effect on the Company&amp;#146;s&#13;ability to sell its oil and gas production.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;In&#13;fiscal 2015, one customer accounted for 17% of the total oil and gas revenues and 19% of the total oil and gas accounts receivable.&#13;In fiscal 2014, one customer accounted for 22% of the total oil and gas revenues and 25% of the total oil and gas accounts receivable.&#13;In fiscal 2013, one customer accounted for 26% of the total oil and gas revenues and 24% of the total oil and gas accounts receivable.&lt;/font&gt;&lt;/p&gt;</us-gaap:ConcentrationRiskDisclosureTextBlock>
    <us-gaap:CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;10.&#13;Oil and Gas Costs&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="margin-top: 0pt; margin-bottom: 0pt"&gt;The costs related to the Company&amp;#146;s oil and gas activities were incurred as&#13;follows for the year ended March 31:&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Property acquisition&#13;    costs:&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,108,040&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;785,144&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;20,542&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Unproved&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Exploration&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;15,472&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;9,641&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;15,715&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Development&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,746,582&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,152,986&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,265,126&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Capitalized&#13;    asset retirement obligations&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;274,148&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;134,113&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;114,003&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    costs incurred for oil and gas properties&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5,144,242&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,081,884&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,415,386&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;Company had the following aggregate capitalized costs relating to its oil and gas property activities at March 31:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved&#13;    oil and gas properties&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;40,489,453&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;35,386,751&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;34,138,841&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Unproved oil and gas&#13;    properties:&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;subject&#13;    to amortization&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;73,990&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;73,990&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;170,487&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;not&#13;    subject to amortization&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;40,563,443&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;35,460,741&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;34,309,328&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Less&#13;    accumulated DD&amp;#38;A&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;19,752,994&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;18,395,619&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;17,249,803&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;20,810,449&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;17,065,122&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;17,059,525&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;DD&amp;#38;A&#13;amounted to $2.48, $2.18 and $2.03 per mcfe of production for the years ended March 31, 2015, 2014 and 2013, respectively.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;</us-gaap:CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock>
    <us-gaap:EarningsPerShareTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="margin: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;11.&#13;(Loss) Income Per Common Share&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Due&#13;to a net loss for the year ended March 31, 2015, the weighted average number of common shares outstanding excludes common stock&#13;equivalents because their inclusion would be anti-dilutive. For the year ended March 31, 2014, 35,000 options were excluded from&#13;the diluted net income per share calculations because the options are anti-dilutive. Anti-dilutive stock options have a weighted&#13;average exercise price of $5.98 at March 31, 2014. Due to a net loss for the year ended March 31, 2013, the weighted average number&#13;of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;following is a reconciliation of the number of shares used in the calculation of basic income per share and diluted income per&#13;share for the periods ended March 31:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net&#13;    (loss) income&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(340,986&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;301,113&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(176,374&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Shares outstanding:&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Weighted avg. common&#13;    shares outstanding &amp;#150; basic&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,038,250&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,036,950&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,036,959&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Effect&#13;    of the assumed exercise of dilutive stock options&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5,234&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Weighted&#13;    avg. common shares outstanding &amp;#150; dilutive&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,038,250&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,042,184&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,036,959&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(Loss) income per common&#13;    share:&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Basic&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(0.17&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;0.15&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(0.09&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Diluted&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(0.17&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;0.15&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(0.09&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;br style="line-height: 1.15" /&gt;&lt;/font&gt;&lt;/p&gt;</us-gaap:EarningsPerShareTextBlock>
    <us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;12.&#13;Stockholders&amp;#146; Equity&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;In&#13;June 2014, the Board of Directors authorized the use of up to $250,000 to repurchase shares of the Company&amp;#146;s common stock&#13;for the treasury account. During the fiscal year ended March 31, 2015, the Company repurchased 1,000 shares for the treasury at&#13;an aggregate cost of $5,009. There were no shares of common stock repurchased for the treasury account during fiscal 2014. During&#13;the fiscal year ended March 31, 2013, the Company repurchased 2,833 shares at an aggregate cost of $15,547.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
    <us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;13.&#13;Stock Options&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;In&#13;September 2009, the Company adopted the 2009 Employee Incentive Stock Plan (the &amp;#147;2009 Plan&amp;#148;). The 2009 Plan provides&#13;for the award of stock options up to 200,000 shares and includes option awards as well as stock awards. Option awards are granted&#13;with the restriction of requiring payment for the shares. Stock awards are granted without restrictions and without payment by&#13;the recipient. Neither option awards nor stock awards may exceed 25,000 shares granted to any one individual in any fiscal year.&#13;Stock options may be an incentive stock option or a nonqualified stock option. Options to purchase common stock under the plan&#13;are granted at the fair market value of the common stock at the date of grant, become exercisable to the extent of 25% of the&#13;shares optioned on each of four anniversaries of the date of grant, expire ten years from the date of grant and are subject to&#13;forfeiture if employment terminates. The 2009 Plan expires ten years from the date of adoption.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;According&#13;to the Company&amp;#146;s employee stock incentive plan, new shares will be issued upon the exercise of stock options and the Company&#13;can repurchase shares exercised under the plan. The plan also provides for the granting of stock awards. No stock awards were&#13;granted during fiscal 2015, 2014 and 2013.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;Company recognized compensation expense of $153,386, $152,448 and $138,303 in general and administrative expense in the Consolidated&#13;Statements of Operations for fiscal 2015, 2014 and 2013, respectively. The total cost related to non-vested awards not yet recognized&#13;at March 31, 2015 totals $195,606, which is expected to be recognized over a weighted average of 2.6 years.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;fair value of each stock option is estimated on the date of grant using the Binomial valuation model. Expected volatilities are&#13;based on historical volatility of the Company&amp;#146;s stock over the contractual term of 120 months and other factors. The Company&#13;uses historical data to estimate option exercise and employee termination within the valuation model. The expected term of options&#13;granted is derived from the output of the option valuation model and represents the period of time that options granted are expected&#13;to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield&#13;curve in effect at the time of grant. As the Company has never declared dividends, no dividend yield is used in the calculation.&#13;Actual value realized, if any, is dependent on the future performance of the Company&amp;#146;s common stock and overall stock market&#13;conditions. There is no assurance the value realized by an optionee will be at or near the value estimated by the Binomial model.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;During&#13;the year ended March 31, 2015, the Compensation Committee of the Board of Directors approved and the Company granted 40,000 stock&#13;options to officers and employees of the Company exercisable at $7.00 per share. During the year ended March 31, 2014, the Compensation&#13;Committee of the Board of Directors approved and the Company granted 35,000 stock options to officers and employees of the Company&#13;exercisable at $5.98 per share. During the year ended March 31, 2013, no stock options were granted. These options are exercisable&#13;at a price not less than the fair market value of the stock at the date of grant, have an exercise period of ten years and generally&#13;vest over four years.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Included&#13;in the following table is a summary of the grant-date fair value of stock options granted and the related assumptions used in&#13;the Binomial models for stock options granted in fiscal 2015, 2014 and 2013. All such amounts represent the weighted average amounts&#13;for each period.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="11" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;For&#13;    the year ended March 31,&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Grant-date&#13;    fair value&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5.59&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4.75&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Volatility factor&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;76.23&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;77.01&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Dividend yield&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Risk-free interest&#13;    rate&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2.52&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1.74&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Expected term (in&#13;    years)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;No&#13;forfeiture rate is assumed for stock options granted to directors or employees due to the forfeiture rate history for these types&#13;of awards. There were no stock options forfeited or expired during the years ended March 31, 2015, 2014 and 2013.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;following table is a summary of activity of stock options for the year ended March 31, 2015, 2014 and 2013:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Number&#13;    &lt;br /&gt;&amp;#160;of Shares&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Weighted&#13;    Average Exercise Price &lt;br /&gt;Per Share&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Weighted&#13;    Aggregate Average Remaining Contract Life in Years&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Intrinsic &lt;br /&gt;Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 40%; font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Outstanding&#13;    at April 1, 2012&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 3%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 10%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;83,750&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 3%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 10%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.42&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 3%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 10%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;8.65&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 3%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 10%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;127,363&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Granted&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Exercised&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(3,750&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4.35&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Forfeited&#13;    or Expired&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Outstanding at March&#13;    31, 2013&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;80,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.52&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;8.03&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Granted&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;35,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5.98&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Exercised&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(1,400&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.29&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Forfeited&#13;    or Expired&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Outstanding at March&#13;    31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;113,600&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.35&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7.66&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;154,062&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Granted&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;40,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7.00&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Exercised&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Forfeited&#13;    or Expired&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Outstanding&#13;    at March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;153,600&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.52&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7.36&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Vested at March 31,&#13;    2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;77,350&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.42&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.19&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Exercisable at March&#13;    31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;77,350&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.42&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.19&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Other&#13;information pertaining to option activity was as follows during the year ended March 31:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average grant-date fair value of stock options granted (per share)&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5.59&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4.75&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total fair value of options&#13;    vested&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;150,063&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;108,500&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;108,500&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total intrinsic value&#13;    of options exercised&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6,244&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,138&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;following table summarizes information about options outstanding at March 31, 2015:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td colspan="7" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Range&#13;    of Exercise Prices&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Number&#13;    of &lt;br /&gt;Options&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Weighted&#13;    Average Exercise Price &lt;br /&gt;Per Share&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Weighted&#13;    Average &lt;br /&gt;Remaining Contract &lt;br /&gt;Life in Years&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Aggregate&#13;    &amp;#160; &lt;br /&gt;Intrinsic&amp;#160; &lt;br /&gt;Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 2%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 2%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 24%; font-size: 11pt; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5.98&#13;                                         &amp;#150; 6.25&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 2%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 13%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;45,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 2%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 13%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.00&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 2%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 13%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 2%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 13%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.26&#13;                                         &amp;#150; 6.50&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;28,600&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.29&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.51&#13;                                         &amp;#150; 6.80&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;40,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.80&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.81&#13;                                         &amp;#150; 7.00&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;40,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7.00&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5.98&#13;                                         &amp;#150; 7.00&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;153,600&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.52&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7.36&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Outstanding&#13;options at March 31, 2015 expire between August 2020 and August 2024 and have exercise prices ranging from $5.98 to $7.00.&lt;/font&gt;&lt;/p&gt;</us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock>
    <us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;14.&#13;Related Party Transactions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Related&#13;party transactions for the fiscal year ended March 31, 2015 relate to shared office expenditures in addition to administrative&#13;and operating expenses paid on behalf of the majority stockholder. The total billed to and reimbursed by the stockholder for the&#13;years ended March 31, 2015, 2014 and 2013 were $125,209, $133,861 and $144,404, respectively.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
    <us-gaap:ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;16.&#13;Oil and Gas Reserve Data (Unaudited)&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;estimates of the Company&amp;#146;s proved oil and gas reserves, which are located entirely within the United States, were prepared&#13;in accordance with the guidelines established by the SEC. The estimates as of March 31, 2015, 2014, and 2013 are based on evaluations&#13;prepared by Joe C. Neal and Associates, Petroleum Consultants. Management emphasizes that reserve estimates are inherently imprecise&#13;and are expected to change as new information becomes available and as economic conditions in the industry change.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved&#13;reserves are estimated quantities of oil, natural gas, and natural gas liquids which geological and engineering data demonstrate&#13;with reasonable certainty to be commercially recoverable in future years from known reservoirs under existing economic and operating&#13;conditions.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Changes&#13;in Proved Reserves&lt;/b&gt;:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Oil&#13;    &lt;br /&gt;&amp;#160;(Bbls)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Natural&#13;    Gas &lt;br /&gt;&amp;#160; (Mcf)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved Developed and&#13;    Undeveloped Reserves:&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="width: 56%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As of April&#13;    1, 2012&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;346,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;8,445,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Revision&#13;    of previous estimates&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(10,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(589,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Purchase&#13;    of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;48,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;71,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Extensions&#13;    and discoveries&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;318,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Sales&#13;    of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Production&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(23,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(401,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2013&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;366,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7,844,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Revision&#13;    of previous estimates&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;12,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(1,404,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Purchase&#13;    of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;50,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;18,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Extensions&#13;    and discoveries&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;101,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;163,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Sales&#13;    of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Production&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(27,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(362,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;502,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6,259,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Revision&#13;    of previous estimates&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(90,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(665,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Purchase&#13;    of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;43,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;795,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Extensions&#13;    and discoveries&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;235,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;269,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Sales&#13;    of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Production&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(30,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(369,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;660,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6,289,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved&#13;developed reserves are those expected to be recovered through existing wells, equipment and operating methods. Proved undeveloped&#13;reserves ("PUD") are proved reserves are expected to be recovered from new wells on undrilled acreage or from existing wells where&#13;a relatively major expenditure is required for recompletion. The downward revision of oil and natural gas is primarily the result&#13;of SEC rules which require such reserves to be developed within five years and because of the participation in one unsuccessful&#13;well. Reserves written off due to the five year limitation are in the El Cinco field which are on leases held by production and&#13;are still in place to be developed in the future.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Summary&#13;of Proved Developed and Undeveloped Reserves as of March 31, 2015, 2014 and 2013&lt;/b&gt;:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Oil&#13;    &lt;br /&gt;&amp;#160;(Bbls)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Natural&#13;    Gas &lt;br /&gt;&amp;#160; (Mcf)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved Developed Reserves:&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 56%; font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of April 1, 2012&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;194,620&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5,359,670&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2013&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;237,420&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,807,020&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;294,620&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,081,470&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;283,670&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,584,790&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved Undeveloped Reserves:&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of April 1, 2012&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;151,730&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,085,060&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2013&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;128,290&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,037,180&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;206,930&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,177,810&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;376,070&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,703,790&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;of March 31, 2015, 2014 and 2013 reserves were computed using the 12-month unweighted average of the first-day-of-the-month prices,&#13;in accordance with current SEC rules.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;At&#13;March 31, 2015, the Company reported estimated PUDs of 3.96 bcfe, which accounted for 39% of its total estimated proved oil and&#13;gas reserves. This figure primarily consists of a projected 73 new wells (2.7 bcfe), 6 of which we operate, and 1 new zone behind&#13;pipe from a currently producing wellbore (.4 bcfe) that the Company also operates. The Company&amp;#146;s timetable for this well&#13;is totally dependent on the life of the currently producing zone. After the current zone has depleted, the Company will open the&#13;new productive zone. Of the 6 wells the Company operates (1.6 bcfe), 4 wells will be drilled on existing acreage in the Goldsmith&#13;field where the Company currently operates 3 wells. The Company projects 5 operated wells will be drilled in fiscal 2016, with&#13;the 1 remaining well in fiscal 2017. Regarding the remaining 67 PUD locations operated by others (1.1 bcfe), 12 wells are currently&#13;being drilled and 2 locations are currently being prepared to drill with plans for 18 wells to follow in 2016, 27 wells in 2017,&#13;7 wells in 2018 and 1 well in 2019.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;following table discloses the Company&amp;#146;s progress toward the conversion of PUDs during fiscal 2015.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Progress&#13;of Converting Proved Undeveloped Reserves&lt;/b&gt;:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Oil&#13;                                         &amp;#38; Natural Gas (Mcfe)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Future&#13;                                         Develepment Costs&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="width: 56%; font-family: Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;PUDs,&#13;    beginning of year&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,419,362&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,620,320&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Revision&#13;    of previous estimates&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(943,113&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(441,475&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Conversions&#13;    to PD reserves&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(214,890&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(643,429&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Additional&#13;    PUDs added&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,698,873&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,081,986&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: justify; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;PUDs,&#13;    end of year&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,960,232&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6,617,402&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Estimated&#13;future net cash flows represent an estimate of future net revenues from the production of proved reserves using average&#13;prices for 2015, 2014 and 2013 along with estimates of the operating costs, production taxes and future development  costs&#13;necessary to produce such reserves. No deduction has been made for depreciation, depletion or any indirect costs such as&#13;general corporate overhead or interest expense.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Operating&#13;costs and production taxes are estimated based on current costs with respect to producing oil and natural gas properties. Future&#13;development costs including abandonment costs are based on the best estimate of such costs assuming current economic and operating&#13;conditions. The future cash flows estimated to be spent to develop the Company&amp;#146;s share of proved undeveloped properties through&#13;March 31, 2020 are $6,617,402.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Income&#13;tax expense is computed based on applying the appropriate statutory tax rate to the excess of future cash inflows less future&#13;production and development costs over the current tax basis of the properties involved, less applicable carryforwards.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;future net revenue information assumes no escalation of costs or prices, except for oil and natural gas sales made under terms&#13;of contracts which include fixed and determinable escalation. Future costs and prices could significantly vary from current amounts&#13;and, accordingly, revisions in the future could be significant.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;current reporting rules require that year end reserve calculations and future cash inflows be based on the 12-month average market&#13;prices for sales of oil and gas on the first calendar day of each month during the fiscal year discounted at 10% per year and&#13;assuming continuation of existing economic conditions. The average prices used for fiscal 2015 were $74.84 per bbl of oil and&#13;$3.595 per mcf of natural gas. The average prices used for fiscal 2014 were $94.23 per bbl of oil and $3.67 per mcf of natural&#13;gas. The average prices used for fiscal 2013 were $85.53 per bbl of oil and $2.76 per mcf of natural gas.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;standardized measure of discounted future net cash flows were computed by applying 12-month average prices for oil and gas (with&#13;consideration of price changes only to the extent provided by contractual arrangements in existence at year end) to the estimated&#13;future production of proved oil and gas reserves, less estimated future expenditures (based on year end costs) to be incurred&#13;in developing and producing the proved reserves, less estimated future income tax expenses (based on the year end statutory tax&#13;rates with consideration of future tax rates already legislated) to be incurred on pretax net cash flows less tax basis of the&#13;properties and available credits and assuming continuation of existing economic conditions. The estimated future net cash flows&#13;are then discounted using a rate of 10%.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;basis for this table is the reserve studies prepared by an independent petroleum engineering consultant, which contain imprecise&#13;estimates of quantities and rates of production of reserves. Revisions of previous year estimates can have a significant impact&#13;on these results. Also, exploration costs in one year may lead to significant discoveries in later years and may significantly&#13;change previous estimates of proved reserves and their valuation. Therefore, the standardized measure of discounted future net&#13;cash flow is not necessarily indicative of the fair value of proved oil and gas properties.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;The&#13;standardized measure of discounted future cash flows at March 31, 2015, 2014 and 2013, which represents the present value of estimated&#13;future cash flows using a discount rate of 10% a year, follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Standardized&#13;Measure of Discounted Future Net Cash Flows Relating to Proved Reserves:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="11" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;March&#13;    31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Future&#13;    cash inflows&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;72,238,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;70,252,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;52,900,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Future production&#13;    costs and taxes&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(19,569,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(20,647,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(14,893,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Future development&#13;    costs&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(6,617,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(4,826,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(4,850,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Future&#13;    income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(9,254,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(9,801,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(6,374,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Future net cash flows&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;36,798,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;34,978,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;26,783,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Annual&#13;    10% discount for estimated timing of cash flows&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(17,860,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(15,649,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(12,414,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Standardized&#13;    measure of discounted future net cash flows&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;18,938,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;19,329,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;14,369,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Changes&#13;in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="11" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;March&#13;    31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Sales&#13;    of oil and gas produced, net of production costs&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(2,036,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(2,762,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(1,982,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net changes in price&#13;    and production costs&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(4,066,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,464,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(5,881,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Changes in previously&#13;    estimated development costs&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,627,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;270,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,150,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Revisions of quantity&#13;    estimates&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(3,718,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(657,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(811,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net change due to&#13;    purchases and sales of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,777,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,332,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,471,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Extensions and discoveries,&#13;    less related costs&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,607,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,802,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;321,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net change in income&#13;    taxes&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;654,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(1,997,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,178,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Accretion of discount&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,474,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,779,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,495,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Changes&#13;    in timing of estimated cash flows and other&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(3,710,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;729,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(3,928,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Changes in standardized&#13;    measure&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(391,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,960,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(4,987,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Standardized&#13;    measure, beginning of year&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;19,329,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;14,369,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;19,356,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Standardized&#13;    measure, end of year&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;18,938,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;19,329,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;14,369,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;</us-gaap:ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock>
    <us-gaap:QuarterlyFinancialInformationTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="margin: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;17.&#13;Selected Quarterly Financial Data (Unaudited)&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 11pt"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="14" style="border-bottom: rgb(0, 0, 0) 2px solid; font-size: 11pt; text-align: center"&gt;FISCAL 2015&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;4&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;th&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;3&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;rd&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;2&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;nd&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;1&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;st&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="width: 40%; vertical-align: top; font-size: 11pt; text-align: left"&gt;Oil and gas revenue&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;551,894&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;790,335&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;987,942&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;1,006,655&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(255, 255, 255)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Operating (loss) profit&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(412,332&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(240,224&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;60,128&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;51,069&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Net (loss) income&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(270,975&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(175,321&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;86,256&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;19,054&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(255, 255, 255)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Net (loss) income per share &amp;#150; basic&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(0.13&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(0.09&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.04&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.01&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Net (loss) income per share &amp;#150; diluted&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(0.13&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(0.09&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.04&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.01&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 11pt"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="14" style="border-bottom: rgb(0, 0, 0) 2px solid; font-size: 11pt; text-align: center"&gt;FISCAL 2014&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;4&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;th&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;3&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;rd&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;2&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;nd&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;1&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;st&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="width: 40%; vertical-align: top; font-size: 11pt; text-align: left"&gt;Oil and gas revenue&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;953,291&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;948,633&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;1,108,102&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;984,269&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(255, 255, 255)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Operating profit&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;88,425&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;106,078&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;212,368&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;70,469&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Net income&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;2,272&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;88,659&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;194,051&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;16,131&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(255, 255, 255)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Net income per share &amp;#150; basic&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.00&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.04&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.10&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.01&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Net income per share &amp;#150; diluted&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.00&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.04&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.10&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.01&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&#13;&lt;p style="margin: 0pt"&gt;&lt;/p&gt;</us-gaap:QuarterlyFinancialInformationTextBlock>
    <us-gaap:ConsolidationPolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Principles&#13;of Consolidation&lt;/b&gt;. The consolidated financial statements include the accounts of Mexco Energy Corporation and its wholly owned&#13;subsidiaries. All significant intercompany balances and transactions associated with the consolidated operations have been eliminated.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;</us-gaap:ConsolidationPolicyTextBlock>
    <us-gaap:UseOfEstimates contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Estimates and Assumptions&lt;/b&gt;. In preparing&#13;financial statements in conformity with accounting principles generally accepted in the United States of America, management is&#13;required to make informed judgments, estimates and assumptions that affect the reported amounts of assets and liabilities as of&#13;the date of the financial statements and affect the reported amounts of revenues and expenses during the reporting period. In addition,&#13;significant estimates are used in determining year end proved oil and gas reserves. Although management believes its estimates&#13;and assumptions are reasonable, actual results may differ materially from those estimates. The estimate of the Company&amp;#146;s&#13;oil and natural gas reserves, which is used to compute depreciation, depletion, amortization and impairment of oil and gas properties,&#13;is the most significant of the estimates and assumptions that affect these reported results.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:UseOfEstimates>
    <us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Cash and Cash Equivalents&lt;/b&gt;. The Company&#13;considers all highly liquid debt instruments purchased with maturities of three months or less and money market funds to be cash&#13;equivalents. The Company maintains cash in bank deposit accounts that may, at times, exceed federally insured limits. At March&#13;31, 2015, the Company had the majority of its cash and cash equivalents with one financial institution. The Company has not experienced&#13;any losses in such accounts and believes it is not exposed to any significant credit risk.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
    <us-gaap:ReceivablesPolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Accounts Receivable.&lt;/b&gt; Accounts receivable&#13;includes trade receivables from joint interest owners and oil and gas purchasers. Credit is extended based on an evaluation of&#13;a customer's financial condition and, generally, is uncollateralized. Accounts receivable under joint operating agreements have&#13;a right of offset against future oil and gas revenues if a producing well is completed. The collectability of receivables is assessed&#13;and an allowance is made for any doubtful accounts. The allowance for doubtful accounts is determined based on the Company&amp;#146;s&#13;previous loss history. The Company has not experienced any significant credit losses. For the years ending March 31, 2015, 2014&#13;and 2013, no allowance has been made for doubtful accounts.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:ReceivablesPolicyTextBlock>
    <us-gaap:IndustrySpecificPoliciesOilAndGasTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Oil and Gas Properties&lt;/b&gt;. Oil and&#13;gas properties are accounted for using the full cost method of accounting. Under this method of accounting, the costs of unsuccessful,&#13;as well as successful, acquisition, exploration and development activities are capitalized as property and equipment. This includes&#13;any internal costs that are directly related to exploration and development activities but does not include any costs related to&#13;production, general corporate overhead or similar activities. The carrying amount of oil and gas properties also includes estimated&#13;asset retirement costs recorded based on the fair value of the asset retirement obligation (&amp;#147;ARO&amp;#148;) when incurred. Generally,&#13;no gains or losses are recognized on the sale or disposition of oil and gas properties.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:IndustrySpecificPoliciesOilAndGasTextBlock>
    <us-gaap:OilAndGasPropertiesPolicyPolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Excluded Costs&lt;/b&gt;. Oil and gas properties&#13;include costs that are excluded from capitalized costs being amortized. These amounts represent investments in unproved properties&#13;and major development projects. These costs are excluded until proved reserves are found or until it is determined that the costs&#13;are impaired. All costs excluded are reviewed at least quarterly to determine if impairment has occurred. The amount of any impairment&#13;is transferred to the capitalized costs being amortized (the depreciation, depletion and amortization (&amp;#147;DD&amp;#38;A&amp;#148;)&#13;pool). Impairments transferred to the DD&amp;#38;A pool increase the DD&amp;#38;A rate.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:OilAndGasPropertiesPolicyPolicyTextBlock>
    <MXC:CeilingTestPolicyPolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Ceiling Test&lt;/b&gt;. Under the full cost&#13;method of accounting, a ceiling test is performed each quarter. The full cost ceiling test is an impairment test to determine a&#13;limit, or ceiling, on the book value of oil and gas properties. That limit is basically the after tax present value of the future&#13;net cash flows from proved crude oil and natural gas reserves and using an average price over the prior 12-month period held flat&#13;for the life of production plus the lower of cost or fair market value of unproved properties. If net capitalized costs of crude&#13;oil and natural gas properties exceed the ceiling limit, the Company must charge the amount of the excess to earnings as an expense&#13;reflected in additional accumulated DD&amp;#38;A. This is called a &amp;#34;ceiling limitation write-down.&amp;#34; This charge does not&#13;impact cash flow from operating activities, but does reduce stockholders' equity and reported earnings.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</MXC:CeilingTestPolicyPolicyTextBlock>
    <us-gaap:DepreciationDepletionAndAmortizationPolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Depreciation, Depletion and Amortization&lt;/b&gt;.&#13;The depreciable base for oil and gas properties includes the sum of capitalized costs, net of accumulated DD&amp;#38;A, estimated future&#13;development costs and asset retirement costs not accrued in oil and gas properties, less costs excluded from amortization and salvage.&#13;The depreciable base of oil and gas properties is amortized using the unit-of-production method.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:DepreciationDepletionAndAmortizationPolicyTextBlock>
    <us-gaap:AssetRetirementObligationsPolicy contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Asset Retirement Obligations&lt;/b&gt;. The&#13;Company has significant obligations to plug and abandon natural gas and crude oil wells and related equipment at the end of oil&#13;and gas production operations. The Company records the fair value of a liability for an ARO in the period in which it is incurred&#13;and a corresponding increase in the carrying amount of the related asset. Subsequently, the asset retirement costs included in&#13;the carrying amount of the related asset are allocated to expense using the units of production method. In addition, increases&#13;in the discounted ARO liability resulting from the passage of time are reflected as accretion expense in the Consolidated Statement&#13;of Operations.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;Estimating the future ARO requires management&#13;to make estimates and judgments regarding timing and existence of a liability, as well as what constitutes adequate restoration.&#13;The Company uses the present value of estimated cash flows related to the ARO to determine the fair value. Inherent in the present&#13;value calculation are numerous assumptions and judgments including the ultimate costs, inflation factors, credit adjusted discount&#13;rates, timing of settlement, and changes in the legal, regulatory, environmental and political environments. To the extent future&#13;revisions to these assumptions impact the present value of the existing ARO liability, a corresponding adjustment is made to the&#13;related asset.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:AssetRetirementObligationsPolicy>
    <us-gaap:IncomeTaxPolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Income Taxes&lt;/b&gt;. The Company recognizes&#13;deferred tax assets and liabilities for future tax consequences of temporary differences between the carrying amounts of assets&#13;and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates applicable&#13;to the years in which those differences are expected to be settled. The effect on deferred tax assets and liabilities of a change&#13;in tax rates is recognized in net income in the period that includes the enactment date. Any interest and penalties are recorded&#13;as interest expense and general and administrative expense, respectively.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:IncomeTaxPolicyTextBlock>
    <us-gaap:PropertyPlantAndEquipmentPolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Other Property and Equipment&lt;/b&gt;. Provisions&#13;for depreciation of office furniture and equipment are computed on the straight-line method based on estimated useful lives of&#13;three to ten years.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:PropertyPlantAndEquipmentPolicyTextBlock>
    <us-gaap:DerivativesPolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Derivatives. &lt;/b&gt;The Company is required&#13;to recognize its derivative instruments on the consolidated balance sheets as assets or liabilities at fair value with such amounts&#13;classified as current or long-term based on their anticipated settlement dates. The accounting for the changes in fair value of&#13;a derivative depends on the intended use of the derivative and resulting designation. The Company has not designated its derivative&#13;instruments as hedges for accounting purposes and, as a result, marks its derivative instruments to fair value and recognizes the&#13;realized and unrealized change in fair value on derivative instruments in the consolidated statements of operations.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:DerivativesPolicyTextBlock>
    <us-gaap:EarningsPerSharePolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;(Loss) Income Per Common Share&lt;/b&gt;.&#13;Basic net (loss) income per share is computed by dividing net (loss) income by the weighted average number of common shares outstanding&#13;during the period. Diluted net (loss) income per share assumes the exercise of all stock options having exercise prices less than&#13;the average market price of the common stock during the period using the treasury stock method and is computed by dividing net&#13;(loss) income by the weighted average number of common shares and dilutive potential common shares (stock options) outstanding&#13;during the period. In periods where losses are reported, the weighted-average number of common shares outstanding excludes potential&#13;common shares, because their inclusion would be anti-dilutive.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:EarningsPerSharePolicyTextBlock>
    <us-gaap:RevenueRecognitionPolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Revenue Recognition. &lt;/b&gt;Oil and gas&#13;sales and resulting receivables are recognized when the product is delivered to the purchaser and title has transferred. Sales&#13;are to credit-worthy energy purchasers with payments generally received within 60 days of transportation from the well site. The&#13;Company has historically had little, if any, uncollectible oil and gas receivables.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:RevenueRecognitionPolicyTextBlock>
    <us-gaap:GasBalancingPolicyPolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Gas Balancing&lt;/b&gt;. Gas imbalances are&#13;accounted for under the sales method whereby revenues are recognized based on production sold. A liability is recorded when excess&#13;takes of natural gas volumes exceed estimated remaining recoverable reserves (over produced). No receivables are recorded for those&#13;wells where the Company has taken less than its ownership share of gas production (under produced). The Company does not have any&#13;significant gas imbalances.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:GasBalancingPolicyPolicyTextBlock>
    <us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Stock-based Compensation&lt;/b&gt;. The Company&#13;uses the Binomial option pricing model to estimate the fair value of stock based compensation expenses at grant date. This expense&#13;is recognized as compensation expense in its financial statements over the vesting period. The Company recognizes the fair value&#13;of stock-based compensation awards as wages in the Consolidated Statements of Operations based on a graded-vesting schedule over&#13;the vesting period.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy>
    <us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;b&gt;Recent Accounting Pronouncements. &lt;/b&gt;In&#13;May 2014, the Financial Accounting Standards Board (&amp;#147;FASB&amp;#148;) issued Accounting Standards Update (&amp;#147;ASU&amp;#148;)&#13;No. 2014-09, Topic 606: Revenue from Contracts with Customers. ASU No. 2014-09 is effective for Mexco as of April 1, 2017. Management&#13;is evaluating the effect, if any this pronouncement will have on the Company&amp;#146;s consolidated financial statements.&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
    <us-gaap:ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="margin: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 70%; font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved&#13;    oil and gas properties&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 10%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 18%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,202,013&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Accounts&#13;    receivable&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;74,623&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    assets acquired&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,276,636&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Accounts payable&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(45,876&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Asset&#13;    retirement obligations assumed&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(80,760&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net&#13;    purchase price&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,150,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;</us-gaap:ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock>
    <us-gaap:ScheduleOfAssetRetirementObligationsTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="margin: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 50%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Carrying&#13;    amount of asset retirement obligations as of April 1&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 9%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 14%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;961,577&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 9%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 14%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;813,412&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Liabilities incurred&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;274,148&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;134,113&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Liabilities settled&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(23,441&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(30,314&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Accretion&#13;    expense&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;27,932&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;44,366&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Carrying amount of asset&#13;    retirement obligations as of March 31&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,240,216&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;961,577&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Less:&#13;    Current portion&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;10,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;35,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Non-Current&#13;    asset retirement obligation&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,230,216&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;926,577&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;br style="line-height: 1.15" /&gt;&lt;/font&gt;&lt;/p&gt;</us-gaap:ScheduleOfAssetRetirementObligationsTableTextBlock>
    <us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Deferred tax assets:&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="width: 56%; font-size: 11pt; text-align: left; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Percentage&#13;    depletion carryforwards&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,535,126&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,463,834&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Deferred&#13;    stock-based compensation&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;36,958&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;29,475&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Asset&#13;    retirement obligation&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;384,467&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;298,089&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net&#13;    operating loss&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;720,308&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;298,736&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Derivative&#13;    instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;13,944&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;11,111&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;9,673&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,687,970&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,113,751&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Deferred tax liabilities:&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Excess&#13;    financial accounting bases over tax bases of&amp;#160; &amp;#160; property and equipment&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(3,348,840&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(2,972,200&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net&#13;    deferred tax liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(660,870&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(858,449&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
    <us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Current income&#13;    tax expense&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6,500&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Deferred&#13;    income tax (benefit) expense&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(197,499&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5,250&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(31,504&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    income tax provision:&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(197,499&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;)&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;11,750&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(31,504&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Effective tax rate&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(37&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(15&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
    <us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Tax expense&#13;    at federal statutory rate (1)&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(183,085&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;106,374&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(70,678&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Statutory depletion carryforward&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(71,292&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(127,204&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Effect of graduated rates&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;12,221&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(13,841&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,391&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Permanent differences&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;44,576&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;46,421&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;35,783&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    income tax (benefit) expense&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(197,499&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;11,750&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(31,504&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Effective&#13;    income tax rate&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(37&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(15&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;%)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(1)&#13;The federal statutory rate was 34% for fiscal years ending March 31, 2015, 2014 and 2013.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;</us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock>
    <us-gaap:ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Unrecognized&#13;    tax benefits at beginning of period&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;679,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;677,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;677,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Additions based on tax&#13;    positions related to the current year&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Changes to tax positions&#13;    of prior years&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Settlements&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Expirations&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Unrecognized&#13;    tax benefits at end of period&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;679,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;679,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;677,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;</us-gaap:ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock>
    <us-gaap:ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Current assets: Derivative&#13;    instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Noncurrent&#13;    assets: Derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    assets&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="width: 56%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Current liabilities:&#13;    Derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;44,981&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Noncurrent&#13;    liabilities: Derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;44,981&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&#13;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;</us-gaap:ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock>
    <us-gaap:ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;2015&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;2014&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 56%; font-size: 11pt; text-align: left"&gt;Unrealized loss on open non-hedge derivative instruments&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;(44,981&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;Gain (loss) on settlement of non-hedge derivative instruments&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;102,069&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;(54,281&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"&gt;Total gain (loss) on derivative instruments&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;$&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;102,069&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;$&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;(99,262&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;br style="line-height: 1.15" /&gt;&lt;/p&gt;</us-gaap:ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock>
    <MXC:CostsRelatedToOilAndGasActivitiesTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Property acquisition&#13;    costs:&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,108,040&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;785,144&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;20,542&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Unproved&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Exploration&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;15,472&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;9,641&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;15,715&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Development&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,746,582&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,152,986&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,265,126&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Capitalized&#13;    asset retirement obligations&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;274,148&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;134,113&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;114,003&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total&#13;    costs incurred for oil and gas properties&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5,144,242&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,081,884&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,415,386&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;</MXC:CostsRelatedToOilAndGasActivitiesTableTextBlock>
    <MXC:AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;2015&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;2014&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;2013&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: justify"&gt;Proved oil and gas properties&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;40,489,453&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;35,386,751&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;34,138,841&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;Unproved oil and gas properties:&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;subject to amortization&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;73,990&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;73,990&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;170,487&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"&gt;not subject to amortization&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;40,563,443&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;35,460,741&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;34,309,328&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;Less accumulated DD&amp;#38;A&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;19,752,994&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;18,395,619&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;17,249,803&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="text-align: left; padding-bottom: 2.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;$&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;20,810,449&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;$&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;17,065,122&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;$&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;17,059,525&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;</MXC:AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 11pt Times New Roman, Times, Serif"&gt;&#13;&lt;tr style="vertical-align: bottom; font: 11pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="11" style="font: 11pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"&gt;For the year ended March 31,&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; font: 11pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font: 11pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"&gt;2015&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font: 11pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"&gt;2014&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font: 11pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"&gt;2013&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220); font: 11pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="width: 46%; font: 11pt Times New Roman, Times, Serif; text-align: justify"&gt;Grant-date fair value&lt;/td&gt;&lt;td style="width: 5%; font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 11%; font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;5.59&lt;/td&gt;&lt;td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 5%; font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 11%; font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;4.75&lt;/td&gt;&lt;td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 5%; font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 11%; font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White; font: 11pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: justify"&gt;Volatility factor&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;76.23&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;%&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;77.01&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;%&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220); font: 11pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: justify"&gt;Dividend yield&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White; font: 11pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: justify"&gt;Risk-free interest rate&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;2.52&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;%&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;1.74&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;%&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220); font: 11pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: justify"&gt;Expected term (in years)&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;10&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;7&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock>
    <us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Number&#13;    &lt;/font&gt;&lt;font style="font-size: 11pt"&gt;&lt;br /&gt;&lt;font style="font-family: Times New Roman, Times, Serif"&gt;&amp;#160;of Shares&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Weighted&#13;    Average Exercise Price &lt;/font&gt;&lt;font style="font-size: 11pt"&gt;&lt;br /&gt;&lt;font style="font-family: Times New Roman, Times, Serif"&gt;Per&#13;    Share&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Weighted&#13;    Aggregate Average Remaining Contract Life in Years&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Intrinsic &lt;/font&gt;&lt;font style="font-size: 11pt"&gt;&lt;br /&gt;&lt;font style="font-family: Times New Roman, Times, Serif"&gt;Value&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 40%; font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Outstanding&#13;    at April 1, 2012&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 3%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 10%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;83,750&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 3%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 10%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.42&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 3%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 10%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;8.65&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 3%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 10%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;127,363&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Granted&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Exercised&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(3,750&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4.35&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Forfeited&#13;    or Expired&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Outstanding at March&#13;    31, 2013&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;80,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.52&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;8.03&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Granted&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;35,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5.98&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Exercised&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(1,400&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.29&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Forfeited&#13;    or Expired&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Outstanding at March&#13;    31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;113,600&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.35&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7.66&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;154,062&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Granted&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;40,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7.00&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Exercised&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Forfeited&#13;    or Expired&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Outstanding&#13;    at March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;153,600&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.52&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7.36&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Vested at March 31,&#13;    2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;77,350&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.42&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.19&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Exercisable at March&#13;    31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;77,350&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.42&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.19&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;</us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock>
    <MXC:OtherInformationPertainingToOptionActivityTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Weighted&#13;    average grant-date fair value of stock options granted (per share)&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5.59&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4.75&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total fair value of options&#13;    vested&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;150,063&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;108,500&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;108,500&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Total intrinsic value&#13;    of options exercised&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6,244&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,138&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;</MXC:OtherInformationPertainingToOptionActivityTableTextBlock>
    <us-gaap:ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="margin: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 11pt"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td colspan="7" style="text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Range of Exercise Prices&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Number of &lt;/font&gt;&lt;br /&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Options&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Weighted Average Exercise Price &lt;/font&gt;&lt;br /&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Per Share&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Weighted Average &lt;/font&gt;&lt;br /&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Remaining Contract &lt;/font&gt;&lt;br /&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Life in Years&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Aggregate &amp;#160; &lt;/font&gt;&lt;br /&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Intrinsic&amp;#160; &lt;/font&gt;&lt;br /&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 30%; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5.98 &amp;#150; 6.25&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 13%; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;45,000&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 13%; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.00&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 13%; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 13%; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.26 &amp;#150; 6.50&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;28,600&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.29&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.51 &amp;#150; 6.80&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;40,000&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.80&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.81 &amp;#150; 7.00&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;40,000&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7.00&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5.98 &amp;#150; 7.00&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;153,600&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6.52&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7.36&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&#13;&lt;p style="margin: 0pt"&gt;&lt;/p&gt;</us-gaap:ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock>
    <us-gaap:OtherCommitmentsTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="margin: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt"&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; text-align: center"&gt;&lt;p style="margin-top: 0; margin-bottom: 0; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Commitment&lt;/font&gt;&lt;/p&gt;&#13;                                                                 &lt;p style="margin-top: 0; margin-bottom: 0; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Amount&lt;/font&gt; (1)&lt;/p&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="width: 60%; font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Fiscal&#13;    Year 2016&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 10%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 28%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;23,440&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Fiscal Year 2017&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,420&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;</us-gaap:OtherCommitmentsTableTextBlock>
    <us-gaap:CommitmentsDisclosureTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;15.&#13;Lease Commitments&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;The Company&#13;leases its principal office space. On April 1, 2013, the Company agreed to a three year lease, with an option to renew for an additional&#13;two years. On April 1, 2014, the Company agreed to a three year lease for an additional office space. The following table summarizes&#13;future payments we are obligated to make based on the lease commitments in place as of March 31, 2015:&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 11pt Times New Roman, Times, Serif"&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220); font: 11pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt; padding-left: 10pt"&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&lt;p style="margin-top: 0; margin-bottom: 0; text-align: left; font: 11pt Times New Roman, Times, Serif"&gt;Commitment&lt;/p&gt;&#13;                                                                 &lt;p style="margin-top: 0; margin-bottom: 0; text-align: left; font: 11pt Times New Roman, Times, Serif"&gt;Amount (1)&lt;/p&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; text-align: left; font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White; font: 11pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="width: 60%; font: 11pt Times New Roman, Times, Serif; text-align: justify"&gt;Fiscal Year 2016&lt;/td&gt;&lt;td style="width: 10%; font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 28%; font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;23,440&lt;/td&gt;&lt;td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220); font: 11pt Times New Roman, Times, Serif"&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;Fiscal Year 2017&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: right"&gt;4,420&lt;/td&gt;&lt;td style="font: 11pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;br style="line-height: 1.15" /&gt;&#13;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;(1) The total commitment for the&#13;remainder of the leases is $37,100 which includes $9,240 billed to and reimbursed by our majority shareholder for his portion&#13;of the shared office space.&lt;/p&gt;</us-gaap:CommitmentsDisclosureTextBlock>
    <MXC:ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Changes&#13;in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="11" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;March&#13;    31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Sales&#13;    of oil and gas produced, net of production costs&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(2,036,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(2,762,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(1,982,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net changes in price&#13;    and production costs&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(4,066,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,464,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(5,881,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Changes in previously&#13;    estimated development costs&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,627,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;270,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,150,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Revisions of quantity&#13;    estimates&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(3,718,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(657,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(811,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net change due to&#13;    purchases and sales of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,777,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,332,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,471,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Extensions and discoveries,&#13;    less related costs&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,607,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,802,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;321,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Net change in income&#13;    taxes&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;654,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(1,997,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,178,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Accretion of discount&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,474,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,779,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,495,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Changes&#13;    in timing of estimated cash flows and other&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(3,710,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;729,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(3,928,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Changes in standardized&#13;    measure&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(391,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,960,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(4,987,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Standardized&#13;    measure, beginning of year&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;19,329,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;14,369,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;19,356,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Standardized&#13;    measure, end of year&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;18,938,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;19,329,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;14,369,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;</MXC:ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock>
    <MXC:ChangesInProvedReservesTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;b&gt;Changes&#13;in Proved Reserves&lt;/b&gt;:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Oil&#13;    &lt;br /&gt;&amp;#160;(Bbls)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Natural&#13;    Gas &lt;br /&gt;&amp;#160; (Mcf)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved Developed and&#13;    Undeveloped Reserves:&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="width: 56%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As of April&#13;    1, 2012&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;346,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;8,445,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Revision&#13;    of previous estimates&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(10,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(589,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Purchase&#13;    of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;48,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;71,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Extensions&#13;    and discoveries&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;318,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Sales&#13;    of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Production&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(23,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(401,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2013&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;366,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;7,844,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Revision&#13;    of previous estimates&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;12,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(1,404,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Purchase&#13;    of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;50,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;18,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Extensions&#13;    and discoveries&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;101,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;163,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Sales&#13;    of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Production&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(27,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(362,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;502,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6,259,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Revision&#13;    of previous estimates&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(90,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(665,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Purchase&#13;    of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;43,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;795,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Extensions&#13;    and discoveries&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;235,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;269,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Sales&#13;    of minerals in place&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#151;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 10pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Production&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(30,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(369,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;660,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6,289,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;</MXC:ChangesInProvedReservesTableTextBlock>
    <MXC:SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Summary&#13;of Proved Developed and Undeveloped Reserves as of March 31, 2015, 2014 and 2013&lt;/b&gt;:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Oil&#13;    &lt;br /&gt;&amp;#160;(Bbls)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Natural&#13;    Gas &lt;br /&gt;&amp;#160; (Mcf)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved Developed Reserves:&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 56%; font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of April 1, 2012&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;194,620&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;5,359,670&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2013&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;237,420&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,807,020&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;294,620&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,081,470&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;283,670&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,584,790&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Proved Undeveloped Reserves:&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of April 1, 2012&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;151,730&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,085,060&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2013&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;128,290&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,037,180&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;206,930&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2,177,810&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;As&#13;    of March 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;376,070&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,703,790&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;</MXC:SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock>
    <MXC:ProgressOfConvertingProvedUndevelopedReservesTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"&gt;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: justify"&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Oil&#13;                                         &amp;#38; Natural Gas (Mcfe)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Future&#13;                                         Develepment Costs&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="width: 56%; font-family: Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;PUDs,&#13;    beginning of year&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,419,362&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 8%; font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 12%; font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;4,620,320&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Revision&#13;    of previous estimates&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(943,113&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(441,475&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Conversions&#13;    to PD reserves&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(214,890&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(643,429&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Additional&#13;    PUDs added&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;1,698,873&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,081,986&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-family: Times New Roman, Times, Serif; text-align: justify; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;PUDs,&#13;    end of year&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;3,960,232&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;6,617,402&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;</MXC:ProgressOfConvertingProvedUndevelopedReservesTableTextBlock>
    <MXC:StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Standardized&#13;Measure of Discounted Future Net Cash Flows Relating to Proved Reserves:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="11" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;March&#13;    31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2014&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;2013&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="width: 46%; font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Future&#13;    cash inflows&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;72,238,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;70,252,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 5%; font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 11%; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;52,900,000&lt;/font&gt;&lt;/td&gt;&lt;td style="width: 1%; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Future production&#13;    costs and taxes&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(19,569,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(20,647,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(14,893,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Future development&#13;    costs&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(6,617,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(4,826,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(4,850,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Future&#13;    income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(9,254,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(9,801,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(6,374,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Future net cash flows&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;36,798,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;34,978,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;26,783,000&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Annual&#13;    10% discount for estimated timing of cash flows&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(17,860,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(15,649,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 1pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;(12,414,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(220,220,220)"&gt;&#13;    &lt;td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;Standardized&#13;    measure of discounted future net cash flows&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;18,938,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;19,329,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="font-size: 11pt; padding-bottom: 2.5pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;14,369,000&lt;/font&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;font style="font: 11pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;</MXC:StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock>
    <us-gaap:NetIncomeLoss contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">301113</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-176374</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-340986</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2013-10-01to2013-12-31" unitRef="USD" decimals="0">88659</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2013-07-01to2013-09-30" unitRef="USD" decimals="0">194051</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2013-04-01to2013-06-30" unitRef="USD" decimals="0">16131</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2014-01-01to2014-03-31" unitRef="USD" decimals="0">2272</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2015-01-01to2015-03-31" unitRef="USD" decimals="0">-270975</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2014-10-01to2014-12-31" unitRef="USD" decimals="0">-175321</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2014-07-01to2014-09-30" unitRef="USD" decimals="0">86256</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2014-04-01to2014-06-30" unitRef="USD" decimals="0">19054</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2013-04-01to2014-03-31_RetainedEarningsMember" unitRef="USD" decimals="0">301113</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2012-04-01to2013-03-31_RetainedEarningsMember" unitRef="USD" decimals="0">-176374</us-gaap:NetIncomeLoss>
    <us-gaap:NetIncomeLoss contextRef="From2014-04-01to2015-03-31_RetainedEarningsMember" unitRef="USD" decimals="0">-340986</us-gaap:NetIncomeLoss>
    <us-gaap:IncomeTaxExpenseBenefit contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">11750</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-31504</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:IncomeTaxExpenseBenefit contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-197499</us-gaap:IncomeTaxExpenseBenefit>
    <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">5250</us-gaap:DeferredIncomeTaxExpenseBenefit>
    <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-31504</us-gaap:DeferredIncomeTaxExpenseBenefit>
    <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-197499</us-gaap:DeferredIncomeTaxExpenseBenefit>
    <us-gaap:CurrentIncomeTaxExpenseBenefit contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">6500</us-gaap:CurrentIncomeTaxExpenseBenefit>
    <us-gaap:CurrentIncomeTaxExpenseBenefit contextRef="From2012-04-01to2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:CurrentIncomeTaxExpenseBenefit contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">312863</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-207878</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-538485</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
    <us-gaap:NonoperatingIncomeExpense contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-164477</us-gaap:NonoperatingIncomeExpense>
    <us-gaap:NonoperatingIncomeExpense contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-53603</us-gaap:NonoperatingIncomeExpense>
    <us-gaap:NonoperatingIncomeExpense contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">2874</us-gaap:NonoperatingIncomeExpense>
    <us-gaap:GainLossOnDerivativeInstrumentsNetPretax contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-99262</us-gaap:GainLossOnDerivativeInstrumentsNetPretax>
    <us-gaap:GainLossOnDerivativeInstrumentsNetPretax contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">102069</us-gaap:GainLossOnDerivativeInstrumentsNetPretax>
    <us-gaap:InterestExpense contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">65387</us-gaap:InterestExpense>
    <us-gaap:InterestExpense contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">53832</us-gaap:InterestExpense>
    <us-gaap:InterestExpense contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">99240</us-gaap:InterestExpense>
    <us-gaap:InvestmentIncomeInterest contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">172</us-gaap:InvestmentIncomeInterest>
    <us-gaap:InvestmentIncomeInterest contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">229</us-gaap:InvestmentIncomeInterest>
    <us-gaap:InvestmentIncomeInterest contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">45</us-gaap:InvestmentIncomeInterest>
    <us-gaap:OperatingIncomeLoss contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">477340</us-gaap:OperatingIncomeLoss>
    <us-gaap:OperatingIncomeLoss contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-154275</us-gaap:OperatingIncomeLoss>
    <us-gaap:OperatingIncomeLoss contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-541359</us-gaap:OperatingIncomeLoss>
    <us-gaap:OperatingIncomeLoss contextRef="From2013-10-01to2013-12-31" unitRef="USD" decimals="0">106078</us-gaap:OperatingIncomeLoss>
    <us-gaap:OperatingIncomeLoss contextRef="From2013-07-01to2013-09-30" unitRef="USD" decimals="0">212368</us-gaap:OperatingIncomeLoss>
    <us-gaap:OperatingIncomeLoss contextRef="From2013-04-01to2013-06-30" unitRef="USD" decimals="0">70469</us-gaap:OperatingIncomeLoss>
    <us-gaap:OperatingIncomeLoss contextRef="From2014-01-01to2014-03-31" unitRef="USD" decimals="0">88425</us-gaap:OperatingIncomeLoss>
    <us-gaap:OperatingIncomeLoss contextRef="From2015-01-01to2015-03-31" unitRef="USD" decimals="0">-412332</us-gaap:OperatingIncomeLoss>
    <us-gaap:OperatingIncomeLoss contextRef="From2014-10-01to2014-12-31" unitRef="USD" decimals="0">-240224</us-gaap:OperatingIncomeLoss>
    <us-gaap:OperatingIncomeLoss contextRef="From2014-07-01to2014-09-30" unitRef="USD" decimals="0">60128</us-gaap:OperatingIncomeLoss>
    <us-gaap:OperatingIncomeLoss contextRef="From2014-04-01to2014-06-30" unitRef="USD" decimals="0">51069</us-gaap:OperatingIncomeLoss>
    <us-gaap:CostsAndExpenses contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">3564601</us-gaap:CostsAndExpenses>
    <us-gaap:CostsAndExpenses contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">3250690</us-gaap:CostsAndExpenses>
    <us-gaap:CostsAndExpenses contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">3931364</us-gaap:CostsAndExpenses>
    <us-gaap:GeneralAndAdministrativeExpense contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">1136939</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">1028846</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:GeneralAndAdministrativeExpense contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">1239750</us-gaap:GeneralAndAdministrativeExpense>
    <us-gaap:DepreciationDepletionAndAmortization contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">1151482</us-gaap:DepreciationDepletionAndAmortization>
    <us-gaap:DepreciationDepletionAndAmortization contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">1100425</us-gaap:DepreciationDepletionAndAmortization>
    <us-gaap:DepreciationDepletionAndAmortization contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">1362862</us-gaap:DepreciationDepletionAndAmortization>
    <us-gaap:AssetRetirementObligationAccretionExpense contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">44366</us-gaap:AssetRetirementObligationAccretionExpense>
    <us-gaap:AssetRetirementObligationAccretionExpense contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">39376</us-gaap:AssetRetirementObligationAccretionExpense>
    <us-gaap:AssetRetirementObligationAccretionExpense contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">27932</us-gaap:AssetRetirementObligationAccretionExpense>
    <us-gaap:CostOfGoodsSoldOilAndGas contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">1231814</us-gaap:CostOfGoodsSoldOilAndGas>
    <us-gaap:CostOfGoodsSoldOilAndGas contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">1082043</us-gaap:CostOfGoodsSoldOilAndGas>
    <us-gaap:CostOfGoodsSoldOilAndGas contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">1300820</us-gaap:CostOfGoodsSoldOilAndGas>
    <us-gaap:SalesRevenueNet contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">4041941</us-gaap:SalesRevenueNet>
    <us-gaap:SalesRevenueNet contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">3096415</us-gaap:SalesRevenueNet>
    <us-gaap:SalesRevenueNet contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">3390005</us-gaap:SalesRevenueNet>
    <us-gaap:OtherSalesRevenueNet contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">47646</us-gaap:OtherSalesRevenueNet>
    <us-gaap:OtherSalesRevenueNet contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">32708</us-gaap:OtherSalesRevenueNet>
    <us-gaap:OtherSalesRevenueNet contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">53179</us-gaap:OtherSalesRevenueNet>
    <us-gaap:OilAndGasSalesRevenue contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">3994295</us-gaap:OilAndGasSalesRevenue>
    <us-gaap:OilAndGasSalesRevenue contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">3063707</us-gaap:OilAndGasSalesRevenue>
    <us-gaap:OilAndGasSalesRevenue contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">3336826</us-gaap:OilAndGasSalesRevenue>
    <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">8806</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
    <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">16313</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
    <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised contextRef="From2013-04-01to2014-03-31_CommonStockMember" unitRef="USD" decimals="0">700</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
    <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised contextRef="From2012-04-01to2013-03-31_CommonStockMember" unitRef="USD" decimals="0">1875</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
    <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised contextRef="From2013-04-01to2014-03-31_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0">8106</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
    <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised contextRef="From2012-04-01to2013-03-31_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0">14438</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-15547</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-5009</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="From2012-04-01to2013-03-31_TreasuryStockMember" unitRef="USD" decimals="0">-15547</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:StockRepurchasedDuringPeriodValue contextRef="From2014-04-01to2015-03-31_TreasuryStockMember" unitRef="USD" decimals="0">-5009</us-gaap:StockRepurchasedDuringPeriodValue>
    <us-gaap:ShareBasedCompensation contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">152448</us-gaap:ShareBasedCompensation>
    <us-gaap:ShareBasedCompensation contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">138303</us-gaap:ShareBasedCompensation>
    <us-gaap:ShareBasedCompensation contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">153386</us-gaap:ShareBasedCompensation>
    <us-gaap:ShareBasedCompensation contextRef="From2013-04-01to2014-03-31_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0">152448</us-gaap:ShareBasedCompensation>
    <us-gaap:ShareBasedCompensation contextRef="From2012-04-01to2013-03-31_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0">138303</us-gaap:ShareBasedCompensation>
    <us-gaap:ShareBasedCompensation contextRef="From2014-04-01to2015-03-31_AdditionalPaidInCapitalMember" unitRef="USD" decimals="0">153386</us-gaap:ShareBasedCompensation>
    <us-gaap:LiabilitiesAssumed1 contextRef="From2013-04-01to2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:LiabilitiesAssumed1 contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">126636</us-gaap:LiabilitiesAssumed1>
    <us-gaap:LiabilitiesAssumed1 contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PaymentsToAcquireBusinessesGross contextRef="From2013-04-01to2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PaymentsToAcquireBusinessesGross contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-1150000</us-gaap:PaymentsToAcquireBusinessesGross>
    <us-gaap:PaymentsToAcquireBusinessesGross contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:FairValueOfAssetsAcquired contextRef="From2013-04-01to2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:FairValueOfAssetsAcquired contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">1276636</us-gaap:FairValueOfAssetsAcquired>
    <us-gaap:FairValueOfAssetsAcquired contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <MXC:AssetRetirementObligations contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">134113</MXC:AssetRetirementObligations>
    <MXC:AssetRetirementObligations contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">114003</MXC:AssetRetirementObligations>
    <MXC:AssetRetirementObligations contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">274148</MXC:AssetRetirementObligations>
    <us-gaap:InterestPaid contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">67170</us-gaap:InterestPaid>
    <us-gaap:InterestPaid contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">49158</us-gaap:InterestPaid>
    <us-gaap:InterestPaid contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">91264</us-gaap:InterestPaid>
    <us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-10324</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
    <us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-332275</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
    <us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-59998</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
    <us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-516194</us-gaap:NetCashProvidedByUsedInFinancingActivities>
    <us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">1250766</us-gaap:NetCashProvidedByUsedInFinancingActivities>
    <us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">3519991</us-gaap:NetCashProvidedByUsedInFinancingActivities>
    <us-gaap:ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">850000</us-gaap:ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities>
    <us-gaap:ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">1600000</us-gaap:ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities>
    <us-gaap:ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">3675000</us-gaap:ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities>
    <us-gaap:RepaymentsOfLongTermDebt contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">1375000</us-gaap:RepaymentsOfLongTermDebt>
    <us-gaap:RepaymentsOfLongTermDebt contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">350000</us-gaap:RepaymentsOfLongTermDebt>
    <us-gaap:RepaymentsOfLongTermDebt contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">150000</us-gaap:RepaymentsOfLongTermDebt>
    <us-gaap:ProceedsFromStockOptionsExercised contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">8806</us-gaap:ProceedsFromStockOptionsExercised>
    <us-gaap:ProceedsFromStockOptionsExercised contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">16313</us-gaap:ProceedsFromStockOptionsExercised>
    <us-gaap:ProceedsFromStockOptionsExercised contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="From2013-04-01to2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">15547</us-gaap:PaymentsForRepurchaseOfCommonStock>
    <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">5009</us-gaap:PaymentsForRepurchaseOfCommonStock>
    <us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-1306631</us-gaap:NetCashProvidedByUsedInInvestingActivities>
    <us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-2399833</us-gaap:NetCashProvidedByUsedInInvestingActivities>
    <us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-4756968</us-gaap:NetCashProvidedByUsedInInvestingActivities>
    <us-gaap:ProceedsFromSaleOfOilAndGasPropertyAndEquipment contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">963388</us-gaap:ProceedsFromSaleOfOilAndGasPropertyAndEquipment>
    <us-gaap:ProceedsFromSaleOfOilAndGasPropertyAndEquipment contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">69042</us-gaap:ProceedsFromSaleOfOilAndGasPropertyAndEquipment>
    <us-gaap:ProceedsFromSaleOfOilAndGasPropertyAndEquipment contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">15710</us-gaap:ProceedsFromSaleOfOilAndGasPropertyAndEquipment>
    <us-gaap:PaymentsForDerivativeInstrumentInvestingActivities contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">54281</us-gaap:PaymentsForDerivativeInstrumentInvestingActivities>
    <us-gaap:PaymentsForDerivativeInstrumentInvestingActivities contextRef="From2012-04-01to2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PaymentsForDerivativeInstrumentInvestingActivities contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-57089</us-gaap:PaymentsForDerivativeInstrumentInvestingActivities>
    <us-gaap:SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-63230</us-gaap:SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount>
    <us-gaap:SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-4918</us-gaap:SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount>
    <us-gaap:SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-39352</us-gaap:SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount>
    <us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">2030</us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment>
    <us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">13806</us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment>
    <us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">12436</us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment>
    <us-gaap:PaymentsToAcquireBusinessesAndInterestInAffiliates contextRef="From2013-04-01to2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PaymentsToAcquireBusinessesAndInterestInAffiliates contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">1150000</us-gaap:PaymentsToAcquireBusinessesAndInterestInAffiliates>
    <us-gaap:PaymentsToAcquireBusinessesAndInterestInAffiliates contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PaymentsToAcquireOilAndGasProperty contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">2150478</us-gaap:PaymentsToAcquireOilAndGasProperty>
    <us-gaap:PaymentsToAcquireOilAndGasProperty contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">1300151</us-gaap:PaymentsToAcquireOilAndGasProperty>
    <us-gaap:PaymentsToAcquireOilAndGasProperty contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">4777979</us-gaap:PaymentsToAcquireOilAndGasProperty>
    <us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">1812501</us-gaap:NetCashProvidedByUsedInOperatingActivities>
    <us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">816792</us-gaap:NetCashProvidedByUsedInOperatingActivities>
    <us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">1176979</us-gaap:NetCashProvidedByUsedInOperatingActivities>
    <us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">43289</us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
    <us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-17358</us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
    <us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">98494</us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
    <us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">6500</us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable>
    <us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable contextRef="From2012-04-01to2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-6500</us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable>
    <us-gaap:IncreaseDecreaseInOtherNoncurrentAssets contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">109215</us-gaap:IncreaseDecreaseInOtherNoncurrentAssets>
    <us-gaap:IncreaseDecreaseInOtherNoncurrentAssets contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-116454</us-gaap:IncreaseDecreaseInOtherNoncurrentAssets>
    <us-gaap:IncreaseDecreaseInOtherNoncurrentAssets contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:IncreaseDecreaseInPrepaidExpense contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-9523</us-gaap:IncreaseDecreaseInPrepaidExpense>
    <us-gaap:IncreaseDecreaseInPrepaidExpense contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-2499</us-gaap:IncreaseDecreaseInPrepaidExpense>
    <us-gaap:IncreaseDecreaseInPrepaidExpense contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-15814</us-gaap:IncreaseDecreaseInPrepaidExpense>
    <us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-90901</us-gaap:IncreaseDecreaseInAccountsReceivable>
    <us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-117123</us-gaap:IncreaseDecreaseInAccountsReceivable>
    <us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">197173</us-gaap:IncreaseDecreaseInAccountsReceivable>
    <us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1 contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">99262</us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1>
    <us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1 contextRef="From2012-04-01to2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1 contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-102069</us-gaap:ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1>
    <us-gaap:IncomeTaxesPaid contextRef="From2013-04-01to2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:IncomeTaxesPaid contextRef="From2012-04-01to2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:IncomeTaxesPaid contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">13032</us-gaap:IncomeTaxesPaid>
    <us-gaap:SharesIssued contextRef="AsOf2014-03-31" unitRef="Shares" decimals="INF">2038266</us-gaap:SharesIssued>
    <us-gaap:SharesIssued contextRef="AsOf2013-03-31" unitRef="Shares" decimals="INF">2036866</us-gaap:SharesIssued>
    <us-gaap:SharesIssued contextRef="AsOf2015-03-31" unitRef="Shares" decimals="INF">2037266</us-gaap:SharesIssued>
    <us-gaap:SharesIssued contextRef="AsOf2013-03-31_CommonStockMember" unitRef="Shares" decimals="INF">2102866</us-gaap:SharesIssued>
    <us-gaap:SharesIssued contextRef="AsOf2014-03-31_CommonStockMember" unitRef="Shares" decimals="INF">2104266</us-gaap:SharesIssued>
    <us-gaap:SharesIssued contextRef="AsOf2012-03-31_CommonStockMember" unitRef="Shares" decimals="INF">2099116</us-gaap:SharesIssued>
    <us-gaap:SharesIssued contextRef="AsOf2013-03-31_TreasuryStockMember" unitRef="Shares" decimals="INF">-66000</us-gaap:SharesIssued>
    <us-gaap:SharesIssued contextRef="AsOf2014-03-31_TreasuryStockMember" unitRef="Shares" decimals="INF">-66000</us-gaap:SharesIssued>
    <us-gaap:SharesIssued contextRef="AsOf2012-03-31_TreasuryStockMember" unitRef="Shares" decimals="INF">-63167</us-gaap:SharesIssued>
    <us-gaap:SharesIssued contextRef="AsOf2015-03-31_us-gaap_CommonStockMember" unitRef="Shares" decimals="INF">2104266</us-gaap:SharesIssued>
    <us-gaap:SharesIssued contextRef="AsOf2015-03-31_us-gaap_TreasuryStockMember" unitRef="Shares" decimals="INF">-67000</us-gaap:SharesIssued>
    <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised contextRef="From2013-04-01to2014-03-31" unitRef="Shares" decimals="INF">-1400</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
    <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised contextRef="From2012-04-01to2013-03-31" unitRef="Shares" decimals="INF">-3750</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
    <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised contextRef="From2014-04-01to2015-03-31" unitRef="Shares" xsi:nil="true" />
    <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised contextRef="From2013-04-01to2014-03-31_CommonStockMember" unitRef="Shares" decimals="INF">1400</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
    <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised contextRef="From2012-04-01to2013-03-31_CommonStockMember" unitRef="Shares" decimals="INF">3750</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
    <us-gaap:StockRepurchasedDuringPeriodShares contextRef="From2012-04-01to2013-03-31" unitRef="Shares" decimals="INF">-2833</us-gaap:StockRepurchasedDuringPeriodShares>
    <us-gaap:StockRepurchasedDuringPeriodShares contextRef="From2014-04-01to2015-03-31" unitRef="Shares" decimals="INF">-1000</us-gaap:StockRepurchasedDuringPeriodShares>
    <us-gaap:StockRepurchasedDuringPeriodShares contextRef="From2012-04-01to2013-03-31_TreasuryStockMember" unitRef="Shares" decimals="INF">-2833</us-gaap:StockRepurchasedDuringPeriodShares>
    <us-gaap:StockRepurchasedDuringPeriodShares contextRef="From2014-04-01to2015-03-31_TreasuryStockMember" unitRef="Shares" decimals="INF">-1000</us-gaap:StockRepurchasedDuringPeriodShares>
    <us-gaap:TaxCreditCarryforwardAmount contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">4950000</us-gaap:TaxCreditCarryforwardAmount>
    <us-gaap:OperatingLossCarryforwards contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">4500000</us-gaap:OperatingLossCarryforwards>
    <us-gaap:LiabilityForUncertainTaxPositionsCurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">0</us-gaap:LiabilityForUncertainTaxPositionsCurrent>
    <us-gaap:LiabilityForUncertainTaxPositionsCurrent contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">0</us-gaap:LiabilityForUncertainTaxPositionsCurrent>
    <us-gaap:LiabilityForUncertainTaxPositionsCurrent contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">0</us-gaap:LiabilityForUncertainTaxPositionsCurrent>
    <MXC:MajorCustomerQuantity contextRef="From2013-04-01to2014-03-31" unitRef="Pure" decimals="INF">1</MXC:MajorCustomerQuantity>
    <MXC:MajorCustomerQuantity contextRef="From2012-04-01to2013-03-31" unitRef="Pure" decimals="INF">1</MXC:MajorCustomerQuantity>
    <MXC:MajorCustomerQuantity contextRef="From2014-04-01to2015-03-31" unitRef="Pure" decimals="INF">1</MXC:MajorCustomerQuantity>
    <MXC:MajorCustomerPercentOfTotalOilAndGasRevenues contextRef="From2013-04-01to2014-03-31" unitRef="Pure" decimals="INF">.22</MXC:MajorCustomerPercentOfTotalOilAndGasRevenues>
    <MXC:MajorCustomerPercentOfTotalOilAndGasRevenues contextRef="From2012-04-01to2013-03-31" unitRef="Pure" decimals="INF">.26</MXC:MajorCustomerPercentOfTotalOilAndGasRevenues>
    <MXC:MajorCustomerPercentOfTotalOilAndGasRevenues contextRef="From2014-04-01to2015-03-31" unitRef="Pure" decimals="INF">.17</MXC:MajorCustomerPercentOfTotalOilAndGasRevenues>
    <MXC:MajorCustomerPercentOfTotalOilAndGasReceivable contextRef="From2013-04-01to2014-03-31" unitRef="Pure" decimals="INF">.25</MXC:MajorCustomerPercentOfTotalOilAndGasReceivable>
    <MXC:MajorCustomerPercentOfTotalOilAndGasReceivable contextRef="From2012-04-01to2013-03-31" unitRef="Pure" decimals="INF">.24</MXC:MajorCustomerPercentOfTotalOilAndGasReceivable>
    <MXC:MajorCustomerPercentOfTotalOilAndGasReceivable contextRef="From2014-04-01to2015-03-31" unitRef="Pure" decimals="INF">.19</MXC:MajorCustomerPercentOfTotalOilAndGasReceivable>
    <us-gaap:AmortizationExpensePerPhysicalUnitOfProduction contextRef="AsOf2014-03-31" unitRef="USDPShares" decimals="INF">2.18</us-gaap:AmortizationExpensePerPhysicalUnitOfProduction>
    <us-gaap:AmortizationExpensePerPhysicalUnitOfProduction contextRef="AsOf2013-03-31" unitRef="USDPShares" decimals="INF">2.03</us-gaap:AmortizationExpensePerPhysicalUnitOfProduction>
    <us-gaap:AmortizationExpensePerPhysicalUnitOfProduction contextRef="AsOf2015-03-31" unitRef="USDPShares" decimals="INF">2.48</us-gaap:AmortizationExpensePerPhysicalUnitOfProduction>
    <us-gaap:StockRepurchaseProgramAuthorizedAmount1 contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">250000</us-gaap:StockRepurchaseProgramAuthorizedAmount1>
    <us-gaap:RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">133861</us-gaap:RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty>
    <us-gaap:RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">144404</us-gaap:RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty>
    <us-gaap:RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">125209</us-gaap:RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">4826000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">4850000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">6617000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts>
    <MXC:AveragePriceUsedPerBbl contextRef="From2013-04-01to2014-03-31" unitRef="USDPShares" decimals="INF">94.23</MXC:AveragePriceUsedPerBbl>
    <MXC:AveragePriceUsedPerBbl contextRef="From2012-04-01to2013-03-31" unitRef="USDPShares" decimals="INF">85.53</MXC:AveragePriceUsedPerBbl>
    <MXC:AveragePriceUsedPerBbl contextRef="From2014-04-01to2015-03-31" unitRef="USDPShares" decimals="INF">74.84</MXC:AveragePriceUsedPerBbl>
    <MXC:AveragePricesUsedPerMcf contextRef="From2013-04-01to2014-03-31" unitRef="USDPShares" decimals="INF">3.67</MXC:AveragePricesUsedPerMcf>
    <MXC:AveragePricesUsedPerMcf contextRef="From2012-04-01to2013-03-31" unitRef="USDPShares" decimals="INF">2.76</MXC:AveragePricesUsedPerMcf>
    <MXC:AveragePricesUsedPerMcf contextRef="From2014-04-01to2015-03-31" unitRef="USDPShares" decimals="INF">3.595</MXC:AveragePricesUsedPerMcf>
    <us-gaap:EarningsPerShareBasic contextRef="From2013-04-01to2014-03-31" unitRef="USDPShares" decimals="INF">0.15</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic contextRef="From2012-04-01to2013-03-31" unitRef="USDPShares" decimals="INF">-0.09</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic contextRef="From2014-04-01to2015-03-31" unitRef="USDPShares" decimals="INF">-0.17</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic contextRef="From2013-10-01to2013-12-31" unitRef="USDPShares" decimals="INF">0.04</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic contextRef="From2013-07-01to2013-09-30" unitRef="USDPShares" decimals="INF">0.10</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic contextRef="From2013-04-01to2013-06-30" unitRef="USDPShares" decimals="INF">0.01</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic contextRef="From2014-01-01to2014-03-31" unitRef="USDPShares" decimals="INF">0.00</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic contextRef="From2015-01-01to2015-03-31" unitRef="USDPShares" decimals="INF">-0.13</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic contextRef="From2014-10-01to2014-12-31" unitRef="USDPShares" decimals="INF">-0.09</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic contextRef="From2014-07-01to2014-09-30" unitRef="USDPShares" decimals="INF">0.04</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareBasic contextRef="From2014-04-01to2014-06-30" unitRef="USDPShares" decimals="INF">0.01</us-gaap:EarningsPerShareBasic>
    <us-gaap:EarningsPerShareDiluted contextRef="From2013-04-01to2014-03-31" unitRef="USDPShares" decimals="INF">0.15</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted contextRef="From2012-04-01to2013-03-31" unitRef="USDPShares" decimals="INF">-0.09</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted contextRef="From2014-04-01to2015-03-31" unitRef="USDPShares" decimals="INF">-0.17</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted contextRef="From2013-10-01to2013-12-31" unitRef="USDPShares" decimals="INF">0.04</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted contextRef="From2013-07-01to2013-09-30" unitRef="USDPShares" decimals="INF">0.10</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted contextRef="From2013-04-01to2013-06-30" unitRef="USDPShares" decimals="INF">0.01</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted contextRef="From2014-01-01to2014-03-31" unitRef="USDPShares" decimals="INF">0.00</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted contextRef="From2015-01-01to2015-03-31" unitRef="USDPShares" decimals="INF">-0.13</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted contextRef="From2014-10-01to2014-12-31" unitRef="USDPShares" decimals="INF">-0.09</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted contextRef="From2014-07-01to2014-09-30" unitRef="USDPShares" decimals="INF">0.04</us-gaap:EarningsPerShareDiluted>
    <us-gaap:EarningsPerShareDiluted contextRef="From2014-04-01to2014-06-30" unitRef="USDPShares" decimals="INF">0.01</us-gaap:EarningsPerShareDiluted>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="From2013-04-01to2014-03-31" unitRef="Shares" decimals="INF">2036950</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="From2012-04-01to2013-03-31" unitRef="Shares" decimals="INF">2036950</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="From2014-04-01to2015-03-31" unitRef="Shares" decimals="INF">2038250</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
    <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="From2013-04-01to2014-03-31" unitRef="Shares" decimals="INF">2042184</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
    <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="From2012-04-01to2013-03-31" unitRef="Shares" decimals="INF">2036959</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
    <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="From2014-04-01to2015-03-31" unitRef="Shares" decimals="INF">2038250</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
    <MXC:ProvedOilAndGasProperties contextRef="AsOf2012-12-31" unitRef="USD" decimals="0">1202013</MXC:ProvedOilAndGasProperties>
    <MXC:AccountsReceivable contextRef="AsOf2012-12-31" unitRef="USD" decimals="0">74623</MXC:AccountsReceivable>
    <MXC:TotalAssetsAcquired contextRef="AsOf2012-12-31" unitRef="USD" decimals="0">1276636</MXC:TotalAssetsAcquired>
    <MXC:AccountsPayable contextRef="AsOf2012-12-31" unitRef="USD" decimals="0">-45876</MXC:AccountsPayable>
    <MXC:BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations contextRef="AsOf2012-12-31" unitRef="USD" decimals="0">-80760</MXC:BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations>
    <MXC:NetPurchasePrice contextRef="AsOf2012-12-31" unitRef="USD" decimals="0">1150000</MXC:NetPurchasePrice>
    <us-gaap:LineOfCredit contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">2425000</us-gaap:LineOfCredit>
    <us-gaap:LineOfCredit contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">5950000</us-gaap:LineOfCredit>
    <us-gaap:ProceedsFromLinesOfCredit contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">3675000</us-gaap:ProceedsFromLinesOfCredit>
    <us-gaap:RepaymentsOfLinesOfCredit contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-150000</us-gaap:RepaymentsOfLinesOfCredit>
    <us-gaap:AssetRetirementObligationPeriodIncreaseDecrease contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">926577</us-gaap:AssetRetirementObligationPeriodIncreaseDecrease>
    <us-gaap:AssetRetirementObligationPeriodIncreaseDecrease contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">1230216</us-gaap:AssetRetirementObligationPeriodIncreaseDecrease>
    <us-gaap:AssetRetirementObligationCashPaidToSettle contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">35000</us-gaap:AssetRetirementObligationCashPaidToSettle>
    <us-gaap:AssetRetirementObligationCashPaidToSettle contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">10000</us-gaap:AssetRetirementObligationCashPaidToSettle>
    <us-gaap:AssetRetirementObligationCurrent contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">961577</us-gaap:AssetRetirementObligationCurrent>
    <us-gaap:AssetRetirementObligationCurrent contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">813412</us-gaap:AssetRetirementObligationCurrent>
    <us-gaap:AssetRetirementObligationCurrent contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">1240216</us-gaap:AssetRetirementObligationCurrent>
    <us-gaap:AssetRetirementObligationLiabilitiesSettled contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-30314</us-gaap:AssetRetirementObligationLiabilitiesSettled>
    <us-gaap:AssetRetirementObligationLiabilitiesSettled contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-23441</us-gaap:AssetRetirementObligationLiabilitiesSettled>
    <us-gaap:AssetRetirementObligationLiabilitiesIncurred contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">134113</us-gaap:AssetRetirementObligationLiabilitiesIncurred>
    <us-gaap:AssetRetirementObligationLiabilitiesIncurred contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">274148</us-gaap:AssetRetirementObligationLiabilitiesIncurred>
    <us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">2972200</us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment>
    <us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">3348840</us-gaap:DeferredTaxLiabilitiesPropertyPlantAndEquipment>
    <us-gaap:DeferredTaxAssetsNet contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">2113751</us-gaap:DeferredTaxAssetsNet>
    <us-gaap:DeferredTaxAssetsNet contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">2687970</us-gaap:DeferredTaxAssetsNet>
    <us-gaap:DeferredTaxAssetsOther contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">9673</us-gaap:DeferredTaxAssetsOther>
    <us-gaap:DeferredTaxAssetsOther contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">11111</us-gaap:DeferredTaxAssetsOther>
    <us-gaap:DeferredTaxAssetsDerivativeInstruments contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">13944</us-gaap:DeferredTaxAssetsDerivativeInstruments>
    <us-gaap:DeferredTaxAssetsDerivativeInstruments contextRef="AsOf2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:DeferredTaxAssetsOperatingLossCarryforwards contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">298736</us-gaap:DeferredTaxAssetsOperatingLossCarryforwards>
    <us-gaap:DeferredTaxAssetsOperatingLossCarryforwards contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">720308</us-gaap:DeferredTaxAssetsOperatingLossCarryforwards>
    <us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">298089</us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations>
    <us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">384467</us-gaap:DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations>
    <us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">29475</us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost>
    <us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">36958</us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost>
    <us-gaap:DeferredTaxAssetsCapitalLossCarryforwards contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">1463834</us-gaap:DeferredTaxAssetsCapitalLossCarryforwards>
    <us-gaap:DeferredTaxAssetsCapitalLossCarryforwards contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">1535126</us-gaap:DeferredTaxAssetsCapitalLossCarryforwards>
    <us-gaap:DeferredTaxLiabilities contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">858449</us-gaap:DeferredTaxLiabilities>
    <us-gaap:DeferredTaxLiabilities contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">660870</us-gaap:DeferredTaxLiabilities>
    <us-gaap:EffectiveIncomeTaxRateContinuingOperations contextRef="From2013-04-01to2014-03-31" unitRef="Pure" decimals="INF">.04</us-gaap:EffectiveIncomeTaxRateContinuingOperations>
    <us-gaap:EffectiveIncomeTaxRateContinuingOperations contextRef="From2012-04-01to2013-03-31" unitRef="Pure" decimals="INF">-.15</us-gaap:EffectiveIncomeTaxRateContinuingOperations>
    <us-gaap:EffectiveIncomeTaxRateContinuingOperations contextRef="From2014-04-01to2015-03-31" unitRef="Pure" decimals="INF">-.37</us-gaap:EffectiveIncomeTaxRateContinuingOperations>
    <us-gaap:IncomeTaxReconciliationTaxCredits contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-11750</us-gaap:IncomeTaxReconciliationTaxCredits>
    <us-gaap:IncomeTaxReconciliationTaxCredits contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">31504</us-gaap:IncomeTaxReconciliationTaxCredits>
    <us-gaap:IncomeTaxReconciliationTaxCredits contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">197499</us-gaap:IncomeTaxReconciliationTaxCredits>
    <us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">46421</us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance>
    <us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">35783</us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance>
    <us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">44576</us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance>
    <us-gaap:IncomeTaxReconciliationChangeInEnactedTaxRate contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-13841</us-gaap:IncomeTaxReconciliationChangeInEnactedTaxRate>
    <us-gaap:IncomeTaxReconciliationChangeInEnactedTaxRate contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">3391</us-gaap:IncomeTaxReconciliationChangeInEnactedTaxRate>
    <us-gaap:IncomeTaxReconciliationChangeInEnactedTaxRate contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">12221</us-gaap:IncomeTaxReconciliationChangeInEnactedTaxRate>
    <us-gaap:IncomeTaxReconciliationDeductionsQualifiedProductionActivities contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">127204</us-gaap:IncomeTaxReconciliationDeductionsQualifiedProductionActivities>
    <us-gaap:IncomeTaxReconciliationDeductionsQualifiedProductionActivities contextRef="From2012-04-01to2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:IncomeTaxReconciliationDeductionsQualifiedProductionActivities contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">71292</us-gaap:IncomeTaxReconciliationDeductionsQualifiedProductionActivities>
    <us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">106374</us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>
    <us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-70678</us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>
    <us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-183085</us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>
    <us-gaap:UnrecognizedTaxBenefits contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">679000</us-gaap:UnrecognizedTaxBenefits>
    <us-gaap:UnrecognizedTaxBenefits contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">677000</us-gaap:UnrecognizedTaxBenefits>
    <us-gaap:UnrecognizedTaxBenefits contextRef="AsOf2012-03-31" unitRef="USD" decimals="0">677000</us-gaap:UnrecognizedTaxBenefits>
    <us-gaap:UnrecognizedTaxBenefits contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">679000</us-gaap:UnrecognizedTaxBenefits>
    <us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations contextRef="From2013-04-01to2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations contextRef="From2012-04-01to2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities contextRef="From2013-04-01to2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities contextRef="From2012-04-01to2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions contextRef="From2013-04-01to2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions contextRef="From2012-04-01to2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">2000</us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions>
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions contextRef="From2012-04-01to2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:DerivativeAssetsCurrent contextRef="AsOf2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:DerivativeAssetsCurrent contextRef="AsOf2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:DerivativeAssetsNoncurrent contextRef="AsOf2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:DerivativeAssetsNoncurrent contextRef="AsOf2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:DerivativeAssets contextRef="AsOf2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:DerivativeAssets contextRef="AsOf2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:DerivativeLiabilitiesNoncurrent contextRef="AsOf2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:DerivativeLiabilitiesNoncurrent contextRef="AsOf2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:DerivativeLiabilities contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">44981</us-gaap:DerivativeLiabilities>
    <us-gaap:DerivativeLiabilities contextRef="AsOf2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-54281</us-gaap:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet>
    <us-gaap:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">102069</us-gaap:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet>
    <us-gaap:UnrealizedGainLossOnDerivativesAndCommodityContracts contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-44981</us-gaap:UnrealizedGainLossOnDerivativesAndCommodityContracts>
    <us-gaap:UnrealizedGainLossOnDerivativesAndCommodityContracts contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:CostsIncurredAcquisitionOfOilAndGasProperties contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">2081884</us-gaap:CostsIncurredAcquisitionOfOilAndGasProperties>
    <us-gaap:CostsIncurredAcquisitionOfOilAndGasProperties contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">1415386</us-gaap:CostsIncurredAcquisitionOfOilAndGasProperties>
    <us-gaap:CostsIncurredAcquisitionOfOilAndGasProperties contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">5144242</us-gaap:CostsIncurredAcquisitionOfOilAndGasProperties>
    <us-gaap:CostsIncurredAssetRetirementObligationIncurred contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">134113</us-gaap:CostsIncurredAssetRetirementObligationIncurred>
    <us-gaap:CostsIncurredAssetRetirementObligationIncurred contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">114003</us-gaap:CostsIncurredAssetRetirementObligationIncurred>
    <us-gaap:CostsIncurredAssetRetirementObligationIncurred contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">274148</us-gaap:CostsIncurredAssetRetirementObligationIncurred>
    <us-gaap:CostsIncurredDevelopmentCosts contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">1152986</us-gaap:CostsIncurredDevelopmentCosts>
    <us-gaap:CostsIncurredDevelopmentCosts contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">1265126</us-gaap:CostsIncurredDevelopmentCosts>
    <us-gaap:CostsIncurredDevelopmentCosts contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">1746582</us-gaap:CostsIncurredDevelopmentCosts>
    <us-gaap:CostsIncurredExplorationCosts contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">9641</us-gaap:CostsIncurredExplorationCosts>
    <us-gaap:CostsIncurredExplorationCosts contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">15715</us-gaap:CostsIncurredExplorationCosts>
    <us-gaap:CostsIncurredExplorationCosts contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">15472</us-gaap:CostsIncurredExplorationCosts>
    <us-gaap:CostsIncurredAcquisitionOfUnprovedOilAndGasProperties contextRef="From2013-04-01to2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:CostsIncurredAcquisitionOfUnprovedOilAndGasProperties contextRef="From2012-04-01to2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:CostsIncurredAcquisitionOfUnprovedOilAndGasProperties contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">785144</us-gaap:CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves>
    <us-gaap:CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">20542</us-gaap:CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves>
    <us-gaap:CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">3108040</us-gaap:CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves>
    <us-gaap:CapitalizedCostsOilAndGasProducingActivitiesNet contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">17065122</us-gaap:CapitalizedCostsOilAndGasProducingActivitiesNet>
    <us-gaap:CapitalizedCostsOilAndGasProducingActivitiesNet contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">17059525</us-gaap:CapitalizedCostsOilAndGasProducingActivitiesNet>
    <us-gaap:CapitalizedCostsOilAndGasProducingActivitiesNet contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">20810449</us-gaap:CapitalizedCostsOilAndGasProducingActivitiesNet>
    <us-gaap:CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">18395619</us-gaap:CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities>
    <us-gaap:CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">17249803</us-gaap:CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities>
    <us-gaap:CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">19752994</us-gaap:CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities>
    <us-gaap:CapitalizedCostsOilAndGasProducingActivitiesGross contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">35460741</us-gaap:CapitalizedCostsOilAndGasProducingActivitiesGross>
    <us-gaap:CapitalizedCostsOilAndGasProducingActivitiesGross contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">34309328</us-gaap:CapitalizedCostsOilAndGasProducingActivitiesGross>
    <us-gaap:CapitalizedCostsOilAndGasProducingActivitiesGross contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">40563443</us-gaap:CapitalizedCostsOilAndGasProducingActivitiesGross>
    <us-gaap:CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative contextRef="AsOf2014-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative contextRef="AsOf2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative contextRef="AsOf2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:AcquisitionCostsCumulative contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">73990</us-gaap:AcquisitionCostsCumulative>
    <us-gaap:AcquisitionCostsCumulative contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">170487</us-gaap:AcquisitionCostsCumulative>
    <us-gaap:AcquisitionCostsCumulative contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">73990</us-gaap:AcquisitionCostsCumulative>
    <us-gaap:CapitalizedCostsProvedProperties contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">35386751</us-gaap:CapitalizedCostsProvedProperties>
    <us-gaap:CapitalizedCostsProvedProperties contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">34138841</us-gaap:CapitalizedCostsProvedProperties>
    <us-gaap:CapitalizedCostsProvedProperties contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">40489453</us-gaap:CapitalizedCostsProvedProperties>
    <MXC:EffectOfAssumedExerciseOfDilutiveStockOptions contextRef="From2013-04-01to2014-03-31" unitRef="Shares" decimals="INF">5234</MXC:EffectOfAssumedExerciseOfDilutiveStockOptions>
    <MXC:EffectOfAssumedExerciseOfDilutiveStockOptions contextRef="From2012-04-01to2013-03-31" unitRef="Shares" xsi:nil="true" />
    <MXC:EffectOfAssumedExerciseOfDilutiveStockOptions contextRef="From2014-04-01to2015-03-31" unitRef="Shares" xsi:nil="true" />
    <us-gaap:OilAndGasRevenue contextRef="From2013-10-01to2013-12-31" unitRef="USD" decimals="0">948633</us-gaap:OilAndGasRevenue>
    <us-gaap:OilAndGasRevenue contextRef="From2013-07-01to2013-09-30" unitRef="USD" decimals="0">1108102</us-gaap:OilAndGasRevenue>
    <us-gaap:OilAndGasRevenue contextRef="From2013-04-01to2013-06-30" unitRef="USD" decimals="0">984269</us-gaap:OilAndGasRevenue>
    <us-gaap:OilAndGasRevenue contextRef="From2014-01-01to2014-03-31" unitRef="USD" decimals="0">953291</us-gaap:OilAndGasRevenue>
    <us-gaap:OilAndGasRevenue contextRef="From2015-01-01to2015-03-31" unitRef="USD" decimals="0">551894</us-gaap:OilAndGasRevenue>
    <us-gaap:OilAndGasRevenue contextRef="From2014-10-01to2014-12-31" unitRef="USD" decimals="0">790335</us-gaap:OilAndGasRevenue>
    <us-gaap:OilAndGasRevenue contextRef="From2014-07-01to2014-09-30" unitRef="USD" decimals="0">987942</us-gaap:OilAndGasRevenue>
    <us-gaap:OilAndGasRevenue contextRef="From2014-04-01to2014-06-30" unitRef="USD" decimals="0">1006655</us-gaap:OilAndGasRevenue>
    <us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">19329000</us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves>
    <us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">14369000</us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves>
    <us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves contextRef="AsOf2012-03-31" unitRef="USD" decimals="0">19356000</us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves>
    <us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">18938000</us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves>
    <us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">4960000</us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease>
    <us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-4987000</us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease>
    <us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-391000</us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease>
    <us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">729000</us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther>
    <us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-3928000</us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther>
    <us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-3710000</us-gaap:StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther>
    <us-gaap:AccretionOfDiscount contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">1779000</us-gaap:AccretionOfDiscount>
    <us-gaap:AccretionOfDiscount contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">2495000</us-gaap:AccretionOfDiscount>
    <us-gaap:AccretionOfDiscount contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">2474000</us-gaap:AccretionOfDiscount>
    <us-gaap:IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-1997000</us-gaap:IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves>
    <us-gaap:IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">2178000</us-gaap:IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves>
    <us-gaap:IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">654000</us-gaap:IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves>
    <us-gaap:ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">3802000</us-gaap:ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts>
    <us-gaap:ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">321000</us-gaap:ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts>
    <us-gaap:ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">4607000</us-gaap:ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts>
    <us-gaap:IncreaseDueToPurchasesOfMineralsInPlace contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">1332000</us-gaap:IncreaseDueToPurchasesOfMineralsInPlace>
    <us-gaap:IncreaseDueToPurchasesOfMineralsInPlace contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">1471000</us-gaap:IncreaseDueToPurchasesOfMineralsInPlace>
    <us-gaap:IncreaseDueToPurchasesOfMineralsInPlace contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">2777000</us-gaap:IncreaseDueToPurchasesOfMineralsInPlace>
    <us-gaap:RevisionsOfPreviousQuantityEstimates contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-657000</us-gaap:RevisionsOfPreviousQuantityEstimates>
    <us-gaap:RevisionsOfPreviousQuantityEstimates contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-811000</us-gaap:RevisionsOfPreviousQuantityEstimates>
    <us-gaap:RevisionsOfPreviousQuantityEstimates contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-3718000</us-gaap:RevisionsOfPreviousQuantityEstimates>
    <us-gaap:IncreaseDecreaseInEstimatedFutureDevelopmentCosts contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">270000</us-gaap:IncreaseDecreaseInEstimatedFutureDevelopmentCosts>
    <us-gaap:IncreaseDecreaseInEstimatedFutureDevelopmentCosts contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">1150000</us-gaap:IncreaseDecreaseInEstimatedFutureDevelopmentCosts>
    <us-gaap:IncreaseDecreaseInEstimatedFutureDevelopmentCosts contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">2627000</us-gaap:IncreaseDecreaseInEstimatedFutureDevelopmentCosts>
    <us-gaap:NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">2464000</us-gaap:NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts>
    <us-gaap:NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-5881000</us-gaap:NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts>
    <us-gaap:NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-4066000</us-gaap:NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts>
    <us-gaap:SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">-2762000</us-gaap:SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts>
    <us-gaap:SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">-1982000</us-gaap:SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts>
    <us-gaap:SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-2036000</us-gaap:SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">15649000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">12414000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">17860000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">34978000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">26783000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">36798000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">9801000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">6374000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">9254000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">20647000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">14893000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">19569000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">70252000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows contextRef="AsOf2013-03-31" unitRef="USD" decimals="0">52900000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows>
    <us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">72238000</us-gaap:FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows>
    <us-gaap:ProvedUndevelopedReserveVolume contextRef="AsOf2014-03-31" unitRef="bbl" decimals="INF">3419362</us-gaap:ProvedUndevelopedReserveVolume>
    <us-gaap:ProvedUndevelopedReserveVolume contextRef="AsOf2015-03-31" unitRef="bbl" decimals="INF">3960232</us-gaap:ProvedUndevelopedReserveVolume>
    <us-gaap:ProvedUndevelopedReserveVolume contextRef="AsOf2015-03-31_us-gaap_OilReservesMember" unitRef="bbl" decimals="INF">376070</us-gaap:ProvedUndevelopedReserveVolume>
    <us-gaap:ProvedUndevelopedReserveVolume contextRef="AsOf2013-03-31_OilReservesMember" unitRef="bbl" decimals="INF">128290</us-gaap:ProvedUndevelopedReserveVolume>
    <us-gaap:ProvedUndevelopedReserveVolume contextRef="AsOf2014-03-31_OilReservesMember" unitRef="bbl" decimals="INF">206930</us-gaap:ProvedUndevelopedReserveVolume>
    <us-gaap:ProvedUndevelopedReserveVolume contextRef="AsOf2015-03-31_us-gaap_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">1703790</us-gaap:ProvedUndevelopedReserveVolume>
    <us-gaap:ProvedUndevelopedReserveVolume contextRef="AsOf2013-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">3037180</us-gaap:ProvedUndevelopedReserveVolume>
    <us-gaap:ProvedUndevelopedReserveVolume contextRef="AsOf2014-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">2177810</us-gaap:ProvedUndevelopedReserveVolume>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease contextRef="From2014-04-01to2015-03-31" unitRef="Mcf" decimals="INF">-943113</us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease contextRef="From2013-04-01to2014-03-31_OilReservesMember" unitRef="bbl" decimals="INF">12000</us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease contextRef="From2012-04-01to2013-03-31_OilReservesMember" unitRef="bbl" decimals="INF">-10000</us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease contextRef="From2014-04-01to2015-03-31_OilReservesMember" unitRef="bbl" decimals="INF">-90000</us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease contextRef="From2013-04-01to2014-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">-1404000</us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease contextRef="From2012-04-01to2013-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">-589000</us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease contextRef="From2014-04-01to2015-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">-665000</us-gaap:ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease>
    <MXC:ConversionsToPdReserves contextRef="From2014-04-01to2015-03-31" unitRef="Mcf" decimals="INF">-214890</MXC:ConversionsToPdReserves>
    <MXC:AdditionalPudsAdded contextRef="From2014-04-01to2015-03-31" unitRef="Mcf" decimals="INF">1698873</MXC:AdditionalPudsAdded>
    <MXC:PudsBeginningOfYearFutureDevelopmentCosts contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">4620320</MXC:PudsBeginningOfYearFutureDevelopmentCosts>
    <MXC:PudsBeginningOfYearFutureDevelopmentCosts contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">6617402</MXC:PudsBeginningOfYearFutureDevelopmentCosts>
    <MXC:RevisionOfPreviousEstimatesFutureDevelopmentCosts contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-441475</MXC:RevisionOfPreviousEstimatesFutureDevelopmentCosts>
    <MXC:ConversionsToPdReservesFutureDevelopmentCosts contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">-643429</MXC:ConversionsToPdReservesFutureDevelopmentCosts>
    <MXC:AdditionalPudsAddedFutureDevelopmentCosts contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">3081986</MXC:AdditionalPudsAddedFutureDevelopmentCosts>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2014-03-31" unitRef="Shares" decimals="INF">113600</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2013-03-31" unitRef="Shares" decimals="INF">80000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2012-03-31" unitRef="Shares" decimals="INF">83750</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2015-03-31" unitRef="Shares" decimals="INF">153600</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2015-03-31_custom_SixToSixTwentyNineMember" unitRef="Shares" decimals="INF">153600</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2015-03-31_custom_SixThirtyToSixEightyMember" unitRef="Shares" decimals="INF">28600</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2015-03-31_custom_SixToSixTwentyNineTwoMember" unitRef="Shares" decimals="INF">40000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2015-03-31_custom_AllPricesMember" unitRef="Shares" decimals="INF">40000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2015-03-31_custom_SixThirtyToSixEighty1Member" unitRef="Shares" decimals="INF">45000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2014-03-31" unitRef="USDPShares" decimals="INF">6.35</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2013-03-31" unitRef="USDPShares" decimals="INF">6.52</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2012-03-31" unitRef="USDPShares" decimals="INF">6.42</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2015-03-31" unitRef="USDPShares" decimals="INF">6.52</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2015-03-31_custom_SixToSixTwentyNineMember" unitRef="USDPShares" decimals="INF">6.52</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2015-03-31_custom_SixThirtyToSixEightyMember" unitRef="USDPShares" decimals="INF">6.29</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2015-03-31_custom_SixToSixTwentyNineTwoMember" unitRef="USDPShares" decimals="INF">6.80</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2015-03-31_custom_AllPricesMember" unitRef="USDPShares" decimals="INF">7.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2015-03-31_custom_SixThirtyToSixEighty1Member" unitRef="USDPShares" decimals="INF">6.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 contextRef="From2013-04-01to2014-03-31">P7Y7M28D</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 contextRef="From2012-04-01to2013-03-31">P8Y11D</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 contextRef="From2014-04-01to2015-03-31">P7Y4M10D</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">6244</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">3138</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="From2014-04-01to2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">108500</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">108500</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">150063</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2013-04-01to2014-03-31" unitRef="USDPShares" decimals="INF">4.75</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2012-04-01to2013-03-31" unitRef="USDPShares" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2014-04-01to2015-03-31" unitRef="USDPShares" decimals="INF">5.59</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="From2013-04-01to2014-03-31">P7Y</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
    <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="From2014-04-01to2015-03-31">P10Y</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="From2013-04-01to2014-03-31" unitRef="Pure" decimals="INF">.0174</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="From2014-04-01to2015-03-31" unitRef="Pure" decimals="INF">.0252</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate contextRef="From2013-04-01to2014-03-31" unitRef="Pure" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate contextRef="From2014-04-01to2015-03-31" unitRef="Pure" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate contextRef="From2013-04-01to2014-03-31" unitRef="Pure" decimals="INF">.7701</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate contextRef="From2014-04-01to2015-03-31" unitRef="Pure" decimals="INF">.7623</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2013-04-01to2014-03-31" unitRef="USDPShares" decimals="INF">4.75</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2014-04-01to2015-03-31" unitRef="USDPShares" decimals="INF">5.59</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
    <us-gaap:ProvedDevelopedReservesVolume contextRef="AsOf2015-03-31_us-gaap_OilReservesMember" unitRef="bbl" decimals="INF">283670</us-gaap:ProvedDevelopedReservesVolume>
    <us-gaap:ProvedDevelopedReservesVolume contextRef="AsOf2013-03-31_OilReservesMember" unitRef="bbl" decimals="INF">237420</us-gaap:ProvedDevelopedReservesVolume>
    <us-gaap:ProvedDevelopedReservesVolume contextRef="AsOf2014-03-31_OilReservesMember" unitRef="bbl" decimals="INF">294620</us-gaap:ProvedDevelopedReservesVolume>
    <us-gaap:ProvedDevelopedReservesVolume contextRef="AsOf2015-03-31_us-gaap_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">4584790</us-gaap:ProvedDevelopedReservesVolume>
    <us-gaap:ProvedDevelopedReservesVolume contextRef="AsOf2013-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">4807020</us-gaap:ProvedDevelopedReservesVolume>
    <us-gaap:ProvedDevelopedReservesVolume contextRef="AsOf2014-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">4081470</us-gaap:ProvedDevelopedReservesVolume>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesNet contextRef="AsOf2015-03-31_us-gaap_OilReservesMember" unitRef="bbl" decimals="INF">660000</us-gaap:ProvedDevelopedAndUndevelopedReservesNet>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesNet contextRef="AsOf2012-03-31_OilReservesMember" unitRef="bbl" decimals="INF">346000</us-gaap:ProvedDevelopedAndUndevelopedReservesNet>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesNet contextRef="AsOf2013-03-31_OilReservesMember" unitRef="bbl" decimals="INF">366000</us-gaap:ProvedDevelopedAndUndevelopedReservesNet>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesNet contextRef="AsOf2014-03-31_OilReservesMember" unitRef="bbl" decimals="INF">502000</us-gaap:ProvedDevelopedAndUndevelopedReservesNet>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesNet contextRef="AsOf2015-03-31_us-gaap_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">6289000</us-gaap:ProvedDevelopedAndUndevelopedReservesNet>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesNet contextRef="AsOf2012-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">8445000</us-gaap:ProvedDevelopedAndUndevelopedReservesNet>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesNet contextRef="AsOf2013-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">7844000</us-gaap:ProvedDevelopedAndUndevelopedReservesNet>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesNet contextRef="AsOf2014-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">6259000</us-gaap:ProvedDevelopedAndUndevelopedReservesNet>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesProduction contextRef="From2013-04-01to2014-03-31_OilReservesMember" unitRef="bbl" decimals="INF">-27000</us-gaap:ProvedDevelopedAndUndevelopedReservesProduction>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesProduction contextRef="From2012-04-01to2013-03-31_OilReservesMember" unitRef="bbl" decimals="INF">-23000</us-gaap:ProvedDevelopedAndUndevelopedReservesProduction>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesProduction contextRef="From2014-04-01to2015-03-31_OilReservesMember" unitRef="bbl" decimals="INF">-30000</us-gaap:ProvedDevelopedAndUndevelopedReservesProduction>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesProduction contextRef="From2013-04-01to2014-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">-362000</us-gaap:ProvedDevelopedAndUndevelopedReservesProduction>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesProduction contextRef="From2012-04-01to2013-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">-401000</us-gaap:ProvedDevelopedAndUndevelopedReservesProduction>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesProduction contextRef="From2014-04-01to2015-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">-369000</us-gaap:ProvedDevelopedAndUndevelopedReservesProduction>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace contextRef="From2013-04-01to2014-03-31_OilReservesMember" unitRef="bbl" xsi:nil="true" />
    <us-gaap:ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace contextRef="From2012-04-01to2013-03-31_OilReservesMember" unitRef="bbl" xsi:nil="true" />
    <us-gaap:ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace contextRef="From2014-04-01to2015-03-31_OilReservesMember" unitRef="bbl" xsi:nil="true" />
    <us-gaap:ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace contextRef="From2013-04-01to2014-03-31_NaturalGasReservesMember" unitRef="Mcf" xsi:nil="true" />
    <us-gaap:ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace contextRef="From2012-04-01to2013-03-31_NaturalGasReservesMember" unitRef="Mcf" xsi:nil="true" />
    <us-gaap:ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace contextRef="From2014-04-01to2015-03-31_NaturalGasReservesMember" unitRef="Mcf" xsi:nil="true" />
    <us-gaap:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions contextRef="From2013-04-01to2014-03-31_OilReservesMember" unitRef="bbl" decimals="INF">101000</us-gaap:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions contextRef="From2012-04-01to2013-03-31_OilReservesMember" unitRef="bbl" decimals="INF">5000</us-gaap:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions contextRef="From2014-04-01to2015-03-31_OilReservesMember" unitRef="bbl" decimals="INF">235000</us-gaap:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions contextRef="From2013-04-01to2014-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">163000</us-gaap:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions contextRef="From2012-04-01to2013-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">318000</us-gaap:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions contextRef="From2014-04-01to2015-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">269000</us-gaap:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace contextRef="From2013-04-01to2014-03-31_OilReservesMember" unitRef="bbl" decimals="INF">50000</us-gaap:ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace contextRef="From2012-04-01to2013-03-31_OilReservesMember" unitRef="bbl" decimals="INF">48000</us-gaap:ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace contextRef="From2014-04-01to2015-03-31_OilReservesMember" unitRef="bbl" decimals="INF">43000</us-gaap:ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace contextRef="From2013-04-01to2014-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">18000</us-gaap:ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace contextRef="From2012-04-01to2013-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">71000</us-gaap:ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace>
    <us-gaap:ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace contextRef="From2014-04-01to2015-03-31_NaturalGasReservesMember" unitRef="Mcf" decimals="INF">795000</us-gaap:ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="From2013-04-01to2014-03-31" unitRef="USD" decimals="0">152448</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="From2012-04-01to2013-03-31" unitRef="USD" decimals="0">138303</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:AllocatedShareBasedCompensationExpense contextRef="From2014-04-01to2015-03-31" unitRef="USD" decimals="0">153386</us-gaap:AllocatedShareBasedCompensationExpense>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">195606</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions>
    <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1 contextRef="From2014-04-01to2015-03-31">P2Y7M6D</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1>
    <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice contextRef="From2013-04-01to2014-03-31" unitRef="USDPShares" decimals="INF">6.29</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
    <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice contextRef="From2012-04-01to2013-03-31" unitRef="USDPShares" decimals="INF">4.35</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
    <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice contextRef="From2014-04-01to2015-03-31" unitRef="USDPShares" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit contextRef="From2014-04-01to2015-03-31" unitRef="USDPShares" decimals="INF">6.80</us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit>
    <us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit contextRef="From2014-04-01to2015-03-31" unitRef="USDPShares" decimals="INF">5.98</us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2013-04-01to2014-03-31" unitRef="Shares" decimals="INF">35000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2012-04-01to2013-03-31" unitRef="Shares" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2014-04-01to2015-03-31" unitRef="Shares" decimals="INF">40000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod contextRef="From2013-04-01to2014-03-31" unitRef="Shares" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod contextRef="From2012-04-01to2013-03-31" unitRef="Shares" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod contextRef="From2014-04-01to2015-03-31" unitRef="Shares" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber contextRef="AsOf2015-03-31" unitRef="Shares" decimals="INF">77350</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber contextRef="AsOf2015-03-31" unitRef="Shares" decimals="INF">77350</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">154062</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue contextRef="AsOf2013-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue contextRef="AsOf2012-03-31" unitRef="USD" decimals="0">127363</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue contextRef="AsOf2015-03-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="From2013-04-01to2014-03-31" unitRef="USDPShares" decimals="INF">5.98</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
    <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="From2012-04-01to2013-03-31" unitRef="USDPShares" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="From2014-04-01to2015-03-31" unitRef="USDPShares" decimals="INF">7.00</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice contextRef="From2013-04-01to2014-03-31" unitRef="USDPShares" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice contextRef="From2012-04-01to2013-03-31" unitRef="USDPShares" xsi:nil="true" />
    <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice contextRef="From2014-04-01to2015-03-31" unitRef="USDPShares" xsi:nil="true" />
    <MXC:ExpirationDateOperatingLossCarryforward contextRef="From2014-04-01to2015-03-31" unitRef="Pure" decimals="INF">2029</MXC:ExpirationDateOperatingLossCarryforward>
    <us-gaap:OtherCommitmentDueInNextTwelveMonths contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">23440</us-gaap:OtherCommitmentDueInNextTwelveMonths>
    <us-gaap:OtherCommitmentDueInSecondYear contextRef="AsOf2015-03-31" unitRef="USD" decimals="0">4420</us-gaap:OtherCommitmentDueInSecondYear>
    <us-gaap:ScheduleOfLineOfCreditFacilitiesTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 11pt"&gt;&#13;&lt;tr&gt;&#13;    &lt;td style="vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="vertical-align: top; border-bottom: rgb(0, 0, 0) 2px solid; font-size: 11pt; text-align: center"&gt;Principal&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="width: 86%; vertical-align: top; font-size: 11pt; text-align: left"&gt;Balance at April 1, 2014:&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 11%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;2,425,000&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(255, 255, 255)"&gt;&#13;    &lt;td style="padding-left: 9pt; vertical-align: top; font-size: 11pt; text-align: left"&gt;Borrowings&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;3,675,000&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="padding-bottom: 2px; padding-left: 9pt; vertical-align: top; font-size: 11pt; text-align: left"&gt;Repayments&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2px; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(150,000&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; padding-bottom: 2px; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(255, 255, 255)"&gt;&#13;    &lt;td style="padding-bottom: 4px; vertical-align: top; font-size: 11pt; text-align: left"&gt;Balance at March 31, 2015:&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 4px; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: rgb(0, 0, 0) 4px double; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="border-bottom: rgb(0, 0, 0) 4px double; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;5,950,000&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; padding-bottom: 4px; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;</us-gaap:ScheduleOfLineOfCreditFacilitiesTextBlock>
    <us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock contextRef="From2014-04-01to2015-03-31">&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;17. Selected&#13;Quarterly Financial Data (Unaudited)&lt;/p&gt;&#13;&#13;&lt;p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 11pt"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="14" style="border-bottom: rgb(0, 0, 0) 2px solid; font-size: 11pt; text-align: center"&gt;FISCAL 2015&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;4&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;th&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;3&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;rd&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;2&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;nd&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;1&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;st&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="width: 40%; vertical-align: top; font-size: 11pt; text-align: left"&gt;Oil and gas revenue&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;551,894&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;790,335&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;987,942&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;1,006,655&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(255, 255, 255)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Operating (loss) profit&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(412,332&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(240,224&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;60,128&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;51,069&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Net (loss) income&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(270,975&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(175,321&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;86,256&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;19,054&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(255, 255, 255)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Net (loss) income per share &amp;#150; basic&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(0.13&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(0.09&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.04&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.01&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Net (loss) income per share &amp;#150; diluted&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(0.13&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;(0.09&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt"&gt;)&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.04&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.01&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 11pt"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="14" style="border-bottom: rgb(0, 0, 0) 2px solid; font-size: 11pt; text-align: center"&gt;FISCAL 2014&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;4&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;th&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;3&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;rd&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;2&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;nd&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center"&gt;1&lt;font style="font-size: smaller; vertical-align: text-top; line-height: 1"&gt;st&lt;/font&gt; QTR&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="width: 40%; vertical-align: top; font-size: 11pt; text-align: left"&gt;Oil and gas revenue&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;953,291&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;948,633&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;1,108,102&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt"&gt;984,269&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(255, 255, 255)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Operating profit&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;88,425&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;106,078&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;212,368&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;70,469&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Net income&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;2,272&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;88,659&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;194,051&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;16,131&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(255, 255, 255)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Net income per share &amp;#150; basic&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.00&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.04&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.10&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.01&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: rgb(220, 220, 220)"&gt;&#13;    &lt;td style="vertical-align: top; font-size: 11pt; text-align: left"&gt;Net income per share &amp;#150; diluted&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.00&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.04&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.10&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right; vertical-align: bottom; font-size: 11pt"&gt;0.01&lt;/td&gt;&#13;    &lt;td nowrap="nowrap" style="text-align: left; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;</us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock>
    <MXC:CurrentLiabilitiesDerivativeInstruments contextRef="AsOf2014-03-31" unitRef="USD" decimals="0">44981</MXC:CurrentLiabilitiesDerivativeInstruments>
    <MXC:CurrentLiabilitiesDerivativeInstruments contextRef="AsOf2015-03-31" unitRef="USD" xsi:nil="true" />
</xbrli:xbrl>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>20
<FILENAME>mxc-20150331.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 4.4a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: http://www.novaworks.co -->
    <!-- Field: Doc-Info; Name: Source; Value: fp0014808_Mexco_10k_xbrl.xfr; Date: 2015%2D06%2D25T16:40:04 -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: /KIps7xRiXgen8uIZHhcSaONOcPtwJZ7eelBvmh3fdm6fyckuvv62iUk+orW0XkI -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2014-01-31" xmlns:us-gaap="http://fasb.org/us-gaap/2015-01-31" xmlns:us-roles="http://fasb.org/us-roles/2015-01-31" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:us-types="http://fasb.org/us-types/2015-01-31" xmlns:MXC="http://mexcoenergy.com/20150331" elementFormDefault="qualified" targetNamespace="http://mexcoenergy.com/20150331">
    <annotation>
      <appinfo>
	<link:roleType roleURI="http://mexcoenergy.com/role/DocumentAndEntityInformation" id="DocumentAndEntityInformation">
	  <link:definition>00000001 - Document - Document and Entity Information</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/ConsolidatedBalanceSheets" id="ConsolidatedBalanceSheets">
	  <link:definition>00000002 - Statement - CONSOLIDATED BALANCE SHEETS</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/ConsolidatedBalanceSheetsParenthetical" id="ConsolidatedBalanceSheetsParenthetical">
	  <link:definition>00000003 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/ConsolidatedStatementsOfOperations" id="ConsolidatedStatementsOfOperations">
	  <link:definition>00000004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/ConsolidatedStatementsOfChangesInStockholdersEquity" id="ConsolidatedStatementsOfChangesInStockholdersEquity">
	  <link:definition>00000005 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/ConsolidatedStatementsOfCashFlows" id="ConsolidatedStatementsOfCashFlows">
	  <link:definition>00000006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/NatureOfOperations" id="NatureOfOperations">
	  <link:definition>00000007 - Disclosure - 1. Nature of Operations</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPolicies" id="SummaryOfSignificantAccountingPolicies">
	  <link:definition>00000008 - Disclosure - 2. Summary of Significant Accounting Policies</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/BusinessCombinations" id="BusinessCombinations">
	  <link:definition>00000009 - Disclosure - 3. Business Combinations</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/FairValueOfFinancialInstruments" id="FairValueOfFinancialInstruments">
	  <link:definition>00000010 - Disclosure - 4. Fair Value of Financial Instruments</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/CreditFacility" id="CreditFacility">
	  <link:definition>00000011 - Disclosure - 5. Credit Facility</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/AssetRetirementObligations" id="AssetRetirementObligations">
	  <link:definition>00000012 - Disclosure - 6. Asset Retirement Obligations</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/IncomeTaxes" id="IncomeTaxes">
	  <link:definition>00000013 - Disclosure - 7. Income Taxes</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/Derivatives" id="Derivatives">
	  <link:definition>00000014 - Disclosure - 8. Derivatives</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/MajorCustomers" id="MajorCustomers">
	  <link:definition>00000015 - Disclosure - 9. Major Customers</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasCosts" id="OilAndGasCosts">
	  <link:definition>00000016 - Disclosure - 10. Oil and Gas Costs</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/LossIncomePerCommonShare" id="LossIncomePerCommonShare">
	  <link:definition>00000017 - Disclosure - 11. (Loss) Income Per Common Share</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/StockholdersEquity" id="StockholdersEquity">
	  <link:definition>00000018 - Disclosure - 12. Stockholders' Equity</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/StockOptions" id="StockOptions">
	  <link:definition>00000019 - Disclosure - 13. Stock Options</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/RelatedPartyTransactions" id="RelatedPartyTransactions">
	  <link:definition>00000020 - Disclosure - 14. Related Party Transactions</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/LeaseCommitments" id="LeaseCommitments">
	  <link:definition>00000021 - Disclosure - 15. Lease Commitments</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasReserveData" id="OilAndGasReserveData">
	  <link:definition>00000022 - Disclosure - 16. Oil and Gas Reserve Data (Unaudited)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/SelectedQuarterlyFinancialData" id="SelectedQuarterlyFinancialData">
	  <link:definition>00000023 - Disclosure - 17. Selected Quarterly Financial Data (Unaudited)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPoliciesPolicies" id="SummaryOfSignificantAccountingPoliciesPolicies">
	  <link:definition>00000024 - Disclosure - 2. Summary of Significant Accounting Policies (Policies)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/BusinessCombinationsTables" id="BusinessCombinationsTables">
	  <link:definition>00000025 - Disclosure - 3. Business Combinations (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/CreditFacilityTables" id="CreditFacilityTables">
	  <link:definition>00000026 - Disclosure - 5. Credit Facility (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/AssetRetirementObligationsTables" id="AssetRetirementObligationsTables">
	  <link:definition>00000027 - Disclosure - 6. Asset Retirement Obligations (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/IncomeTaxesTables" id="IncomeTaxesTables">
	  <link:definition>00000028 - Disclosure - 7. Income Taxes (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/DerivativesTables" id="DerivativesTables">
	  <link:definition>00000029 - Disclosure - 8. Derivatives (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasCostsTables" id="OilAndGasCostsTables">
	  <link:definition>00000030 - Disclosure - 10. Oil and Gas Costs (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/StockOptionsTables" id="StockOptionsTables">
	  <link:definition>00000031 - Disclosure - 13. Stock Options (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/LeaseCommitmentsTables" id="LeaseCommitmentsTables">
	  <link:definition>00000032 - Disclosure - 15. Lease Commitments (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasReserveDataTables" id="OilAndGasReserveDataTables">
	  <link:definition>00000033 - Disclosure - 16. Oil and Gas Reserve Data (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataTables" id="SelectedQuarterlyFinancialDataTables">
	  <link:definition>00000034 - Disclosure - 17. Selected Quarterly Financial Data (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/BusinessCombinations-PurchasePriceWasAllocatedToAssetsAcquiredAndLiabilitiesAssumedAtEstimatedFairValuesDetails" id="BusinessCombinations-PurchasePriceWasAllocatedToAssetsAcquiredAndLiabilitiesAssumedAtEstimatedFairValuesDetails">
	  <link:definition>00000035 - Disclosure - 3. Business Combinations (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/CreditFacility-SummaryOfActivityOnBankOfAmericaN.A.LineOfCreditDetails" id="CreditFacility-SummaryOfActivityOnBankOfAmericaN.A.LineOfCreditDetails">
	  <link:definition>00000036 - Disclosure - 5. Credit Facility - Summary of activity on the Bank of America, N.A. line of credit (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/RollforwardOfAssetRetirementObligationsDetails" id="RollforwardOfAssetRetirementObligationsDetails">
	  <link:definition>00000037 - Disclosure - 6. Rollforward of Asset Retirement Obligations (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/IncomeTaxes-ComponentsOfNetDeferredTaxAssetsDetails" id="IncomeTaxes-ComponentsOfNetDeferredTaxAssetsDetails">
	  <link:definition>00000038 - Disclosure - 7. Income Taxes - Components of net deferred tax assets (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/IncomeTaxesDetailsNarrative" id="IncomeTaxesDetailsNarrative">
	  <link:definition>00000039 - Disclosure - 7. Income Taxes (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/IncomeTaxProvisionDetails" id="IncomeTaxProvisionDetails">
	  <link:definition>00000040 - Disclosure - 7. Income Tax Provision (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfProvisionForIncomeTaxesToIncomeTaxesComputedDetails" id="IncomeTaxes-ReconciliationOfProvisionForIncomeTaxesToIncomeTaxesComputedDetails">
	  <link:definition>00000041 - Disclosure - 7. Income Taxes - Reconciliation of the provision for income taxes to income taxes computed (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfBeginningAndEndingBalancesOfUnrecognizedTaxBenefitsDetails" id="IncomeTaxes-ReconciliationOfBeginningAndEndingBalancesOfUnrecognizedTaxBenefitsDetails">
	  <link:definition>00000042 - Disclosure - 7. Income Taxes - Reconciliation of the beginning and ending balances of unrecognized tax benefits (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/Derivatives-NetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetails" id="Derivatives-NetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetails">
	  <link:definition>00000043 - Disclosure - 8. Derivatives - Net fair value of the Company&#8217;s derivative assets and liabilities (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/Derivatives-LossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetails" id="Derivatives-LossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetails">
	  <link:definition>00000044 - Disclosure - 8. Derivatives - Loss on derivative instruments included in the consolidated statements of operations (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/MajorCustomersDetailsNarrative" id="MajorCustomersDetailsNarrative">
	  <link:definition>00000045 - Disclosure - 9. Major Customers (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasCosts-CostsRelatedToOurOilAndGasActivitiesDetails" id="OilAndGasCosts-CostsRelatedToOurOilAndGasActivitiesDetails">
	  <link:definition>00000046 - Disclosure - 10. Oil and Gas Costs - Costs related to our oil and gas activities (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasCosts-AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesDetails" id="OilAndGasCosts-AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesDetails">
	  <link:definition>00000047 - Disclosure - 10. Oil and Gas Costs - Aggregate capitalized costs relating to our oil and gas property activities (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasCostsDetailsNarrative" id="OilAndGasCostsDetailsNarrative">
	  <link:definition>00000048 - Disclosure - 10. Oil and Gas Costs (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/LossIncomePerCommonShareDetails" id="LossIncomePerCommonShareDetails">
	  <link:definition>00000049 - Disclosure - 11. (Loss) Income Per Common Share (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/StockholdersEquityDetailsNarrative" id="StockholdersEquityDetailsNarrative">
	  <link:definition>00000050 - Disclosure - 12. Stockholders' Equity (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/StockOptions-SummaryOfGrant-DateFairValueOfStockOptionsGrantedDetails" id="StockOptions-SummaryOfGrant-DateFairValueOfStockOptionsGrantedDetails">
	  <link:definition>00000051 - Disclosure - 13. Stock Options - Summary of the grant-date fair value of stock options granted (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/StockOptions-SummaryOfActivityOfStockOptionsDetails" id="StockOptions-SummaryOfActivityOfStockOptionsDetails">
	  <link:definition>00000052 - Disclosure - 13. Stock Options - Summary of activity of stock options (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/StockOptions-OtherInformationPertainingToOptionActivityDetails" id="StockOptions-OtherInformationPertainingToOptionActivityDetails">
	  <link:definition>00000053 - Disclosure - 13. Stock Options - Other information pertaining to option activity (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/StockOptions-SummaryInformationAboutOptionsOutstandingAtMarch312014Details" id="StockOptions-SummaryInformationAboutOptionsOutstandingAtMarch312014Details">
	  <link:definition>00000054 - Disclosure - 13. Stock Options - Summary information about options outstanding at March 31, 2015 (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/StockOptionsDetailsNarrative" id="StockOptionsDetailsNarrative">
	  <link:definition>00000055 - Disclosure - 13. Stock Options (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/RelatedPartyTransactionsDetailsNarrative" id="RelatedPartyTransactionsDetailsNarrative">
	  <link:definition>00000056 - Disclosure - 14. Related Party Transactions (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/LeaseCommitmentsDetails" id="LeaseCommitmentsDetails">
	  <link:definition>00000057 - Disclosure - 15. Lease Commitments (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInProvedReservesDetails" id="OilAndGasReserveData-ChangesInProvedReservesDetails">
	  <link:definition>00000058 - Disclosure - 16. Oil and Gas Reserve Data - Changes in Proved Reserves: (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-SummaryOfProvedDevelopedAndUndevelopedReservesDetails" id="OilAndGasReserveData-SummaryOfProvedDevelopedAndUndevelopedReservesDetails">
	  <link:definition>00000059 - Disclosure - 16. Oil and Gas Reserve Data - Summary of Proved Developed and Undeveloped Reserves (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-ProgressOfConvertingProvedUndevelopedReservesDetails" id="OilAndGasReserveData-ProgressOfConvertingProvedUndevelopedReservesDetails">
	  <link:definition>00000060 - Disclosure - 16. Oil and Gas Reserve Data - Progress of Converting Proved Undeveloped Reserves: (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesDetails" id="OilAndGasReserveData-StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesDetails">
	  <link:definition>00000061 - Disclosure - 16. Oil and Gas Reserve Data - Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves: (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDetails" id="OilAndGasReserveData-ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDetails">
	  <link:definition>00000062 - Disclosure - 16. Oil and Gas Reserve Data - Changes in Standardized Measurement (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/OilAndGasReserveDataDetailsNarrative" id="OilAndGasReserveDataDetailsNarrative">
	  <link:definition>00000063 - Disclosure - 16. Oil and Gas Reserve Data (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:roleType roleURI="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataDetails" id="SelectedQuarterlyFinancialDataDetails">
	  <link:definition>00000064 - Disclosure - 17. Selected Quarterly Financial Data (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:linkbaseRef xlink:type="simple" xlink:href="mxc-20150331_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="mxc-20150331_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="mxc-20150331_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Calculation Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="mxc-20150331_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Definition Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2014-01-31" schemaLocation="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd" />
    <import namespace="http://fasb.org/us-gaap/2015-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd" />
    <import namespace="http://fasb.org/us-types/2015-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2015/elts/us-types-2015-01-31.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" />
    <import namespace="http://xbrl.sec.gov/invest/2013-01-31" schemaLocation="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd" />
    <element id="MXC_AccountsReceivableTradeCurrent" name="AccountsReceivableTradeCurrent" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_CeilingTestPolicyPolicyTextBlock" name="CeilingTestPolicyPolicyTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_CostsRelatedToOilAndGasActivitiesTableTextBlock" name="CostsRelatedToOilAndGasActivitiesTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock" name="AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_OtherInformationPertainingToOptionActivityTableTextBlock" name="OtherInformationPertainingToOptionActivityTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock" name="ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_ChangesInProvedReservesTableTextBlock" name="ChangesInProvedReservesTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock" name="SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_ProgressOfConvertingProvedUndevelopedReservesTableTextBlock" name="ProgressOfConvertingProvedUndevelopedReservesTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock" name="StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_AssetRetirementObligations" name="AssetRetirementObligations" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_MajorCustomerQuantity" name="MajorCustomerQuantity" nillable="true" xbrli:periodType="duration" type="xbrli:integerItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_MajorCustomerPercentOfTotalOilAndGasRevenues" name="MajorCustomerPercentOfTotalOilAndGasRevenues" nillable="true" xbrli:periodType="duration" type="num:percentItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_MajorCustomerPercentOfTotalOilAndGasReceivable" name="MajorCustomerPercentOfTotalOilAndGasReceivable" nillable="true" xbrli:periodType="duration" type="num:percentItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_AveragePriceUsedPerBbl" name="AveragePriceUsedPerBbl" nillable="true" xbrli:periodType="duration" type="num:perShareItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_AveragePricesUsedPerMcf" name="AveragePricesUsedPerMcf" nillable="true" xbrli:periodType="duration" type="num:perShareItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_ProvedOilAndGasProperties" name="ProvedOilAndGasProperties" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_AccountsReceivable" name="AccountsReceivable" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_TotalAssetsAcquired" name="TotalAssetsAcquired" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_AccountsPayable" name="AccountsPayable" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations" name="BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_NetPurchasePrice" name="NetPurchasePrice" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_EffectOfAssumedExerciseOfDilutiveStockOptions" name="EffectOfAssumedExerciseOfDilutiveStockOptions" nillable="true" xbrli:periodType="duration" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_ConversionsToPdReserves" name="ConversionsToPdReserves" nillable="true" xbrli:periodType="duration" type="num:volumeItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_AdditionalPudsAdded" name="AdditionalPudsAdded" nillable="true" xbrli:periodType="duration" type="num:volumeItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_PudsBeginningOfYearFutureDevelopmentCosts" name="PudsBeginningOfYearFutureDevelopmentCosts" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_RevisionOfPreviousEstimatesFutureDevelopmentCosts" name="RevisionOfPreviousEstimatesFutureDevelopmentCosts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_ConversionsToPdReservesFutureDevelopmentCosts" name="ConversionsToPdReservesFutureDevelopmentCosts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_AdditionalPudsAddedFutureDevelopmentCosts" name="AdditionalPudsAddedFutureDevelopmentCosts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_ExpirationDateOperatingLossCarryforward" name="ExpirationDateOperatingLossCarryforward" nillable="true" xbrli:periodType="duration" type="xbrli:pureItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_CurrentLiabilitiesDerivativeInstruments" name="CurrentLiabilitiesDerivativeInstruments" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_TBOMember" name="TBOMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_SixToSixTwentyNineMember" name="SixToSixTwentyNineMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_SixThirtyToSixEightyMember" name="SixThirtyToSixEightyMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_SixToSixTwentyNineTwoMember" name="SixToSixTwentyNineTwoMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_AllPricesMember" name="AllPricesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_SixThirtyToSixEighty1Member" name="SixThirtyToSixEighty1Member" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_DocumentAndEntityInformationAbstract" name="DocumentAndEntityInformationAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_SubsidiaryLiabilityAbstract" name="SubsidiaryLiabilityAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_DerivativesAbstract" name="DerivativesAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_DerivativesTablesAbstract" name="DerivativesTablesAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_RollforwardOfAssetRetirementObligationsDetailsAbstract" name="RollforwardOfAssetRetirementObligationsDetailsAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_IncomeTaxProvisionDetailsAbstract" name="IncomeTaxProvisionDetailsAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_DerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" name="DerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_DerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract" name="DerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_UnprovedOilAndGasProperties" name="UnprovedOilAndGasProperties" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_LossIncomePerCommonShareDetailsAbstract" name="LossIncomePerCommonShareDetailsAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_ExercisedOptionsResultingInDisqualifyingDisposition" name="ExercisedOptionsResultingInDisqualifyingDisposition" nillable="true" xbrli:periodType="duration" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_LeaseCommitmentsDetailsAbstract" name="LeaseCommitmentsDetailsAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
    <element id="MXC_SelectedQuarterlyFinancialDataAbstract" name="SelectedQuarterlyFinancialDataAbstract" abstract="true" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>21
<FILENAME>mxc-20150331_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 4.4a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: http://www.novaworks.co -->
    <!-- Field: Doc-Info; Name: Source; Value: fp0014808_Mexco_10k_xbrl.xfr; Date: 2015%2D06%2D25T16:40:04 -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://mexcoenergy.com/role/DocumentAndEntityInformation" xlink:href="mxc-20150331.xsd#DocumentAndEntityInformation" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedBalanceSheets" xlink:href="mxc-20150331.xsd#ConsolidatedBalanceSheets" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedBalanceSheetsParenthetical" xlink:href="mxc-20150331.xsd#ConsolidatedBalanceSheetsParenthetical" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedStatementsOfOperations" xlink:href="mxc-20150331.xsd#ConsolidatedStatementsOfOperations" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedStatementsOfChangesInStockholdersEquity" xlink:href="mxc-20150331.xsd#ConsolidatedStatementsOfChangesInStockholdersEquity" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedStatementsOfCashFlows" xlink:href="mxc-20150331.xsd#ConsolidatedStatementsOfCashFlows" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/NatureOfOperations" xlink:href="mxc-20150331.xsd#NatureOfOperations" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPolicies" xlink:href="mxc-20150331.xsd#SummaryOfSignificantAccountingPolicies" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/BusinessCombinations" xlink:href="mxc-20150331.xsd#BusinessCombinations" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/FairValueOfFinancialInstruments" xlink:href="mxc-20150331.xsd#FairValueOfFinancialInstruments" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/CreditFacility" xlink:href="mxc-20150331.xsd#CreditFacility" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/AssetRetirementObligations" xlink:href="mxc-20150331.xsd#AssetRetirementObligations" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxes" xlink:href="mxc-20150331.xsd#IncomeTaxes" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/Derivatives" xlink:href="mxc-20150331.xsd#Derivatives" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/MajorCustomers" xlink:href="mxc-20150331.xsd#MajorCustomers" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCosts" xlink:href="mxc-20150331.xsd#OilAndGasCosts" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LossIncomePerCommonShare" xlink:href="mxc-20150331.xsd#LossIncomePerCommonShare" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockholdersEquity" xlink:href="mxc-20150331.xsd#StockholdersEquity" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions" xlink:href="mxc-20150331.xsd#StockOptions" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/RelatedPartyTransactions" xlink:href="mxc-20150331.xsd#RelatedPartyTransactions" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LeaseCommitments" xlink:href="mxc-20150331.xsd#LeaseCommitments" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData" xlink:href="mxc-20150331.xsd#OilAndGasReserveData" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SelectedQuarterlyFinancialData" xlink:href="mxc-20150331.xsd#SelectedQuarterlyFinancialData" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPoliciesPolicies" xlink:href="mxc-20150331.xsd#SummaryOfSignificantAccountingPoliciesPolicies" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/BusinessCombinationsTables" xlink:href="mxc-20150331.xsd#BusinessCombinationsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/CreditFacilityTables" xlink:href="mxc-20150331.xsd#CreditFacilityTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/AssetRetirementObligationsTables" xlink:href="mxc-20150331.xsd#AssetRetirementObligationsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxesTables" xlink:href="mxc-20150331.xsd#IncomeTaxesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/DerivativesTables" xlink:href="mxc-20150331.xsd#DerivativesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCostsTables" xlink:href="mxc-20150331.xsd#OilAndGasCostsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptionsTables" xlink:href="mxc-20150331.xsd#StockOptionsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LeaseCommitmentsTables" xlink:href="mxc-20150331.xsd#LeaseCommitmentsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveDataTables" xlink:href="mxc-20150331.xsd#OilAndGasReserveDataTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataTables" xlink:href="mxc-20150331.xsd#SelectedQuarterlyFinancialDataTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/BusinessCombinations-PurchasePriceWasAllocatedToAssetsAcquiredAndLiabilitiesAssumedAtEstimatedFairValuesDetails" xlink:href="mxc-20150331.xsd#BusinessCombinations-PurchasePriceWasAllocatedToAssetsAcquiredAndLiabilitiesAssumedAtEstimatedFairValuesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/CreditFacility-SummaryOfActivityOnBankOfAmericaN.A.LineOfCreditDetails" xlink:href="mxc-20150331.xsd#CreditFacility-SummaryOfActivityOnBankOfAmericaN.A.LineOfCreditDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/RollforwardOfAssetRetirementObligationsDetails" xlink:href="mxc-20150331.xsd#RollforwardOfAssetRetirementObligationsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxes-ComponentsOfNetDeferredTaxAssetsDetails" xlink:href="mxc-20150331.xsd#IncomeTaxes-ComponentsOfNetDeferredTaxAssetsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxesDetailsNarrative" xlink:href="mxc-20150331.xsd#IncomeTaxesDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxProvisionDetails" xlink:href="mxc-20150331.xsd#IncomeTaxProvisionDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfProvisionForIncomeTaxesToIncomeTaxesComputedDetails" xlink:href="mxc-20150331.xsd#IncomeTaxes-ReconciliationOfProvisionForIncomeTaxesToIncomeTaxesComputedDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfBeginningAndEndingBalancesOfUnrecognizedTaxBenefitsDetails" xlink:href="mxc-20150331.xsd#IncomeTaxes-ReconciliationOfBeginningAndEndingBalancesOfUnrecognizedTaxBenefitsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/Derivatives-NetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetails" xlink:href="mxc-20150331.xsd#Derivatives-NetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/Derivatives-LossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetails" xlink:href="mxc-20150331.xsd#Derivatives-LossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/MajorCustomersDetailsNarrative" xlink:href="mxc-20150331.xsd#MajorCustomersDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCosts-CostsRelatedToOurOilAndGasActivitiesDetails" xlink:href="mxc-20150331.xsd#OilAndGasCosts-CostsRelatedToOurOilAndGasActivitiesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCosts-AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesDetails" xlink:href="mxc-20150331.xsd#OilAndGasCosts-AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCostsDetailsNarrative" xlink:href="mxc-20150331.xsd#OilAndGasCostsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LossIncomePerCommonShareDetails" xlink:href="mxc-20150331.xsd#LossIncomePerCommonShareDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockholdersEquityDetailsNarrative" xlink:href="mxc-20150331.xsd#StockholdersEquityDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions-SummaryOfGrant-DateFairValueOfStockOptionsGrantedDetails" xlink:href="mxc-20150331.xsd#StockOptions-SummaryOfGrant-DateFairValueOfStockOptionsGrantedDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions-SummaryOfActivityOfStockOptionsDetails" xlink:href="mxc-20150331.xsd#StockOptions-SummaryOfActivityOfStockOptionsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions-OtherInformationPertainingToOptionActivityDetails" xlink:href="mxc-20150331.xsd#StockOptions-OtherInformationPertainingToOptionActivityDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions-SummaryInformationAboutOptionsOutstandingAtMarch312014Details" xlink:href="mxc-20150331.xsd#StockOptions-SummaryInformationAboutOptionsOutstandingAtMarch312014Details" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptionsDetailsNarrative" xlink:href="mxc-20150331.xsd#StockOptionsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/RelatedPartyTransactionsDetailsNarrative" xlink:href="mxc-20150331.xsd#RelatedPartyTransactionsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LeaseCommitmentsDetails" xlink:href="mxc-20150331.xsd#LeaseCommitmentsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInProvedReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-ChangesInProvedReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-SummaryOfProvedDevelopedAndUndevelopedReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-SummaryOfProvedDevelopedAndUndevelopedReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-ProgressOfConvertingProvedUndevelopedReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-ProgressOfConvertingProvedUndevelopedReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveDataDetailsNarrative" xlink:href="mxc-20150331.xsd#OilAndGasReserveDataDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataDetails" xlink:href="mxc-20150331.xsd#SelectedQuarterlyFinancialDataDetails" xlink:type="simple" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/DocumentAndEntityInformation" xlink:title="00000001 - Document - Document and Entity Information" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedBalanceSheets" xlink:title="00000002 - Statement - CONSOLIDATED BALANCE SHEETS">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaapAssetsCurrent" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaapCashAndCashEquivalentsAtCarryingValue" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssetsCurrent" xlink:to="loc_us-gaapCashAndCashEquivalentsAtCarryingValue" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PrepaidExpenseCurrent" xlink:label="loc_us-gaapPrepaidExpenseCurrent" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssetsCurrent" xlink:to="loc_us-gaapPrepaidExpenseCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasJointInterestBillingReceivablesCurrent" xlink:label="loc_us-gaapOilAndGasJointInterestBillingReceivablesCurrent" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssetsCurrent" xlink:to="loc_us-gaapOilAndGasJointInterestBillingReceivablesCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AccountsReceivableTradeCurrent" xlink:label="loc_MXCAccountsReceivableTradeCurrent" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssetsCurrent" xlink:to="loc_MXCAccountsReceivableTradeCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaapPropertyPlantAndEquipmentNet" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasPropertyFullCostMethodGross" xlink:label="loc_us-gaapOilAndGasPropertyFullCostMethodGross" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapPropertyPlantAndEquipmentNet" xlink:to="loc_us-gaapOilAndGasPropertyFullCostMethodGross" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOther" xlink:label="loc_us-gaapPropertyPlantAndEquipmentOther" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapPropertyPlantAndEquipmentNet" xlink:to="loc_us-gaapPropertyPlantAndEquipmentOther" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="loc_us-gaapAccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapPropertyPlantAndEquipmentNet" xlink:to="loc_us-gaapAccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaapAssets" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssets" xlink:to="loc_us-gaapAssetsCurrent" xlink:type="arc" weight="1" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssets" xlink:to="loc_us-gaapPropertyPlantAndEquipmentNet" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsNoncurrent" xlink:label="loc_us-gaapAssetsNoncurrent" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssets" xlink:to="loc_us-gaapAssetsNoncurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaapLiabilitiesCurrent" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" xlink:label="loc_us-gaapAccountsPayableAndAccruedLiabilitiesCurrent" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilitiesCurrent" xlink:to="loc_us-gaapAccountsPayableAndAccruedLiabilitiesCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccruedIncomeTaxesCurrent" xlink:label="loc_us-gaapAccruedIncomeTaxesCurrent" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilitiesCurrent" xlink:to="loc_us-gaapAccruedIncomeTaxesCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="loc_us-gaapDerivativeLiabilitiesCurrent" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilitiesCurrent" xlink:to="loc_us-gaapDerivativeLiabilitiesCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaapLiabilities" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilities" xlink:to="loc_us-gaapLiabilitiesCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="loc_us-gaapLongTermDebtNoncurrent" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilities" xlink:to="loc_us-gaapLongTermDebtNoncurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:label="loc_us-gaapAssetRetirementObligationsNoncurrent" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilities" xlink:to="loc_us-gaapAssetRetirementObligationsNoncurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="loc_us-gaapDeferredTaxLiabilitiesNoncurrent" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilities" xlink:to="loc_us-gaapDeferredTaxLiabilitiesNoncurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaapStockholdersEquity" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="loc_us-gaapPreferredStockValue" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStockholdersEquity" xlink:to="loc_us-gaapPreferredStockValue" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaapCommonStockValue" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStockholdersEquity" xlink:to="loc_us-gaapCommonStockValue" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="loc_us-gaapAdditionalPaidInCapitalCommonStock" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStockholdersEquity" xlink:to="loc_us-gaapAdditionalPaidInCapitalCommonStock" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaapRetainedEarningsAccumulatedDeficit" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStockholdersEquity" xlink:to="loc_us-gaapRetainedEarningsAccumulatedDeficit" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="loc_us-gaapTreasuryStockValue" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStockholdersEquity" xlink:to="loc_us-gaapTreasuryStockValue" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaapLiabilitiesAndStockholdersEquity" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilitiesAndStockholdersEquity" xlink:to="loc_us-gaapLiabilities" xlink:type="arc" weight="1" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilitiesAndStockholdersEquity" xlink:to="loc_us-gaapStockholdersEquity" xlink:type="arc" weight="1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedBalanceSheetsParenthetical" xlink:title="00000003 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedStatementsOfOperations" xlink:title="00000004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="loc_us-gaapSalesRevenueNet" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasSalesRevenue" xlink:label="loc_us-gaapOilAndGasSalesRevenue" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapSalesRevenueNet" xlink:to="loc_us-gaapOilAndGasSalesRevenue" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherSalesRevenueNet" xlink:label="loc_us-gaapOtherSalesRevenueNet" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapSalesRevenueNet" xlink:to="loc_us-gaapOtherSalesRevenueNet" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="loc_us-gaapCostsAndExpenses" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostOfGoodsSoldOilAndGas" xlink:label="loc_us-gaapCostOfGoodsSoldOilAndGas" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsAndExpenses" xlink:to="loc_us-gaapCostOfGoodsSoldOilAndGas" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationAccretionExpense" xlink:label="loc_us-gaapAssetRetirementObligationAccretionExpense" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsAndExpenses" xlink:to="loc_us-gaapAssetRetirementObligationAccretionExpense" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="loc_us-gaapDepreciationDepletionAndAmortization" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsAndExpenses" xlink:to="loc_us-gaapDepreciationDepletionAndAmortization" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaapGeneralAndAdministrativeExpense" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsAndExpenses" xlink:to="loc_us-gaapGeneralAndAdministrativeExpense" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="loc_us-gaapNonoperatingIncomeExpense" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaapInvestmentIncomeInterest" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNonoperatingIncomeExpense" xlink:to="loc_us-gaapInvestmentIncomeInterest" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaapInterestExpense" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNonoperatingIncomeExpense" xlink:to="loc_us-gaapInterestExpense" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="loc_us-gaapGainLossOnDerivativeInstrumentsNetPretax" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNonoperatingIncomeExpense" xlink:to="loc_us-gaapGainLossOnDerivativeInstrumentsNetPretax" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaapIncomeTaxExpenseBenefit" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:label="loc_us-gaapCurrentIncomeTaxExpenseBenefit" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapIncomeTaxExpenseBenefit" xlink:to="loc_us-gaapCurrentIncomeTaxExpenseBenefit" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaapDeferredIncomeTaxExpenseBenefit" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapIncomeTaxExpenseBenefit" xlink:to="loc_us-gaapDeferredIncomeTaxExpenseBenefit" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaapNetIncomeLoss" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaapIncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetIncomeLoss" xlink:to="loc_us-gaapIncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:type="arc" weight="1" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetIncomeLoss" xlink:to="loc_us-gaapIncomeTaxExpenseBenefit" xlink:type="arc" weight="-1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedStatementsOfChangesInStockholdersEquity" xlink:title="00000005 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedStatementsOfCashFlows" xlink:title="00000006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaapNetIncomeLoss" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapNetIncomeLoss" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaapDeferredIncomeTaxExpenseBenefit" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapDeferredIncomeTaxExpenseBenefit" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaapShareBasedCompensation" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapShareBasedCompensation" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="loc_us-gaapDepreciationDepletionAndAmortization" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapDepreciationDepletionAndAmortization" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationAccretionExpense" xlink:label="loc_us-gaapAssetRetirementObligationAccretionExpense" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapAssetRetirementObligationAccretionExpense" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="loc_us-gaapIncreaseDecreaseInAccountsReceivable" />
      <link:calculationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapIncreaseDecreaseInAccountsReceivable" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:label="loc_us-gaapIncreaseDecreaseInPrepaidExpense" />
      <link:calculationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapIncreaseDecreaseInPrepaidExpense" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="loc_us-gaapIncreaseDecreaseInAccruedIncomeTaxesPayable" />
      <link:calculationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapIncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaapIncreaseDecreaseInAccountsPayableAndAccruedLiabilities" />
      <link:calculationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapIncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInOtherNoncurrentAssets" xlink:label="loc_us-gaapIncreaseDecreaseInOtherNoncurrentAssets" />
      <link:calculationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapIncreaseDecreaseInOtherNoncurrentAssets" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:label="loc_us-gaapChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" />
      <link:calculationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireOilAndGasProperty" xlink:label="loc_us-gaapPaymentsToAcquireOilAndGasProperty" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:to="loc_us-gaapPaymentsToAcquireOilAndGasProperty" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:label="loc_us-gaapPaymentsToAcquireBusinessesAndInterestInAffiliates" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:to="loc_us-gaapPaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:label="loc_us-gaapPaymentsToAcquireOtherPropertyPlantAndEquipment" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:to="loc_us-gaapPaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment" xlink:label="loc_us-gaapProceedsFromSaleOfOilAndGasPropertyAndEquipment" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:to="loc_us-gaapProceedsFromSaleOfOilAndGasPropertyAndEquipment" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsForDerivativeInstrumentInvestingActivities" xlink:label="loc_us-gaapPaymentsForDerivativeInstrumentInvestingActivities" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:to="loc_us-gaapPaymentsForDerivativeInstrumentInvestingActivities" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount" xlink:label="loc_us-gaapSettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount" />
      <link:calculationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:to="loc_us-gaapSettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="loc_us-gaapProceedsFromStockOptionsExercised" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" xlink:to="loc_us-gaapProceedsFromStockOptionsExercised" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="loc_us-gaapPaymentsForRepurchaseOfCommonStock" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" xlink:to="loc_us-gaapPaymentsForRepurchaseOfCommonStock" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="loc_us-gaapRepaymentsOfLongTermDebt" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" xlink:to="loc_us-gaapRepaymentsOfLongTermDebt" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities" xlink:label="loc_us-gaapProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" xlink:to="loc_us-gaapProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities" xlink:type="arc" weight="1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/NatureOfOperations" xlink:title="00000007 - Disclosure - 1. Nature of Operations" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPolicies" xlink:title="00000008 - Disclosure - 2. Summary of Significant Accounting Policies" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/BusinessCombinations" xlink:title="00000009 - Disclosure - 3. Business Combinations" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/FairValueOfFinancialInstruments" xlink:title="00000010 - Disclosure - 4. Fair Value of Financial Instruments" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/CreditFacility" xlink:title="00000011 - Disclosure - 5. Credit Facility" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/AssetRetirementObligations" xlink:title="00000012 - Disclosure - 6. Asset Retirement Obligations" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxes" xlink:title="00000013 - Disclosure - 7. Income Taxes" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/Derivatives" xlink:title="00000014 - Disclosure - 8. Derivatives" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/MajorCustomers" xlink:title="00000015 - Disclosure - 9. Major Customers" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCosts" xlink:title="00000016 - Disclosure - 10. Oil and Gas Costs" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LossIncomePerCommonShare" xlink:title="00000017 - Disclosure - 11. (Loss) Income Per Common Share" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockholdersEquity" xlink:title="00000018 - Disclosure - 12. Stockholders' Equity" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions" xlink:title="00000019 - Disclosure - 13. Stock Options" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/RelatedPartyTransactions" xlink:title="00000020 - Disclosure - 14. Related Party Transactions" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LeaseCommitments" xlink:title="00000021 - Disclosure - 15. Lease Commitments" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData" xlink:title="00000022 - Disclosure - 16. Oil and Gas Reserve Data (Unaudited)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SelectedQuarterlyFinancialData" xlink:title="00000023 - Disclosure - 17. Selected Quarterly Financial Data (Unaudited)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPoliciesPolicies" xlink:title="00000024 - Disclosure - 2. Summary of Significant Accounting Policies (Policies)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/BusinessCombinationsTables" xlink:title="00000025 - Disclosure - 3. Business Combinations (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/CreditFacilityTables" xlink:title="00000026 - Disclosure - 5. Credit Facility (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/AssetRetirementObligationsTables" xlink:title="00000027 - Disclosure - 6. Asset Retirement Obligations (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxesTables" xlink:title="00000028 - Disclosure - 7. Income Taxes (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/DerivativesTables" xlink:title="00000029 - Disclosure - 8. Derivatives (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCostsTables" xlink:title="00000030 - Disclosure - 10. Oil and Gas Costs (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptionsTables" xlink:title="00000031 - Disclosure - 13. Stock Options (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LeaseCommitmentsTables" xlink:title="00000032 - Disclosure - 15. Lease Commitments (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveDataTables" xlink:title="00000033 - Disclosure - 16. Oil and Gas Reserve Data (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataTables" xlink:title="00000034 - Disclosure - 17. Selected Quarterly Financial Data (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/BusinessCombinations-PurchasePriceWasAllocatedToAssetsAcquiredAndLiabilitiesAssumedAtEstimatedFairValuesDetails" xlink:title="00000035 - Disclosure - 3. Business Combinations (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/CreditFacility-SummaryOfActivityOnBankOfAmericaN.A.LineOfCreditDetails" xlink:title="00000036 - Disclosure - 5. Credit Facility - Summary of activity on the Bank of America, N.A. line of credit (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/RollforwardOfAssetRetirementObligationsDetails" xlink:title="00000037 - Disclosure - 6. Rollforward of Asset Retirement Obligations (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxes-ComponentsOfNetDeferredTaxAssetsDetails" xlink:title="00000038 - Disclosure - 7. Income Taxes - Components of net deferred tax assets (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="loc_us-gaapDeferredTaxAssetsNet" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsCapitalLossCarryforwards" xlink:label="loc_us-gaapDeferredTaxAssetsCapitalLossCarryforwards" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapDeferredTaxAssetsNet" xlink:to="loc_us-gaapDeferredTaxAssetsCapitalLossCarryforwards" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:label="loc_us-gaapDeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapDeferredTaxAssetsNet" xlink:to="loc_us-gaapDeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations" xlink:label="loc_us-gaapDeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapDeferredTaxAssetsNet" xlink:to="loc_us-gaapDeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:label="loc_us-gaapDeferredTaxAssetsOperatingLossCarryforwards" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapDeferredTaxAssetsNet" xlink:to="loc_us-gaapDeferredTaxAssetsOperatingLossCarryforwards" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsOther" xlink:label="loc_us-gaapDeferredTaxAssetsOther" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapDeferredTaxAssetsNet" xlink:to="loc_us-gaapDeferredTaxAssetsOther" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsDerivativeInstruments" xlink:label="loc_us-gaapDeferredTaxAssetsDerivativeInstruments" />
      <link:calculationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapDeferredTaxAssetsNet" xlink:to="loc_us-gaapDeferredTaxAssetsDerivativeInstruments" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="loc_us-gaapDeferredTaxLiabilities" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:label="loc_us-gaapDeferredTaxLiabilitiesPropertyPlantAndEquipment" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapDeferredTaxLiabilities" xlink:to="loc_us-gaapDeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:type="arc" weight="1" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapDeferredTaxLiabilities" xlink:to="loc_us-gaapDeferredTaxAssetsNet" xlink:type="arc" weight="-1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxesDetailsNarrative" xlink:title="00000039 - Disclosure - 7. Income Taxes (Details Narrative)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxProvisionDetails" xlink:title="00000040 - Disclosure - 7. Income Tax Provision (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfProvisionForIncomeTaxesToIncomeTaxesComputedDetails" xlink:title="00000041 - Disclosure - 7. Income Taxes - Reconciliation of the provision for income taxes to income taxes computed (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationTaxCredits" xlink:label="loc_us-gaapIncomeTaxReconciliationTaxCredits" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate" xlink:label="loc_us-gaapIncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapIncomeTaxReconciliationTaxCredits" xlink:to="loc_us-gaapIncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities" xlink:label="loc_us-gaapIncomeTaxReconciliationDeductionsQualifiedProductionActivities" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapIncomeTaxReconciliationTaxCredits" xlink:to="loc_us-gaapIncomeTaxReconciliationDeductionsQualifiedProductionActivities" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate" xlink:label="loc_us-gaapIncomeTaxReconciliationChangeInEnactedTaxRate" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapIncomeTaxReconciliationTaxCredits" xlink:to="loc_us-gaapIncomeTaxReconciliationChangeInEnactedTaxRate" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:label="loc_us-gaapIncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapIncomeTaxReconciliationTaxCredits" xlink:to="loc_us-gaapIncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:type="arc" weight="-1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfBeginningAndEndingBalancesOfUnrecognizedTaxBenefitsDetails" xlink:title="00000042 - Disclosure - 7. Income Taxes - Reconciliation of the beginning and ending balances of unrecognized tax benefits (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/Derivatives-NetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetails" xlink:title="00000043 - Disclosure - 8. Derivatives - Net fair value of the Company&#8217;s derivative assets and liabilities (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaapDerivativeAssets" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="loc_us-gaapDerivativeAssetsCurrent" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapDerivativeAssets" xlink:to="loc_us-gaapDerivativeAssetsCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="loc_us-gaapDerivativeAssetsNoncurrent" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapDerivativeAssets" xlink:to="loc_us-gaapDerivativeAssetsNoncurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaapDerivativeLiabilities" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="loc_us-gaapDerivativeLiabilitiesNoncurrent" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapDerivativeLiabilities" xlink:to="loc_us-gaapDerivativeLiabilitiesNoncurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_CurrentLiabilitiesDerivativeInstruments" xlink:label="loc_MXCCurrentLiabilitiesDerivativeInstruments" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapDerivativeLiabilities" xlink:to="loc_MXCCurrentLiabilitiesDerivativeInstruments" xlink:type="arc" weight="-1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/Derivatives-LossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetails" xlink:title="00000044 - Disclosure - 8. Derivatives - Loss on derivative instruments included in the consolidated statements of operations (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="loc_us-gaapGainLossOnDerivativeInstrumentsNetPretax" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivativesAndCommodityContracts" xlink:label="loc_us-gaapUnrealizedGainLossOnDerivativesAndCommodityContracts" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapGainLossOnDerivativeInstrumentsNetPretax" xlink:to="loc_us-gaapUnrealizedGainLossOnDerivativesAndCommodityContracts" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:label="loc_us-gaapDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapGainLossOnDerivativeInstrumentsNetPretax" xlink:to="loc_us-gaapDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:type="arc" weight="1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/MajorCustomersDetailsNarrative" xlink:title="00000045 - Disclosure - 9. Major Customers (Details Narrative)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCosts-CostsRelatedToOurOilAndGasActivitiesDetails" xlink:title="00000046 - Disclosure - 10. Oil and Gas Costs - Costs related to our oil and gas activities (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties" xlink:label="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasProperties" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves" xlink:label="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasProperties" xlink:to="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties" xlink:label="loc_us-gaapCostsIncurredAcquisitionOfUnprovedOilAndGasProperties" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasProperties" xlink:to="loc_us-gaapCostsIncurredAcquisitionOfUnprovedOilAndGasProperties" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredDevelopmentCosts" xlink:label="loc_us-gaapCostsIncurredDevelopmentCosts" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasProperties" xlink:to="loc_us-gaapCostsIncurredDevelopmentCosts" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredExplorationCosts" xlink:label="loc_us-gaapCostsIncurredExplorationCosts" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasProperties" xlink:to="loc_us-gaapCostsIncurredExplorationCosts" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAssetRetirementObligationIncurred" xlink:label="loc_us-gaapCostsIncurredAssetRetirementObligationIncurred" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasProperties" xlink:to="loc_us-gaapCostsIncurredAssetRetirementObligationIncurred" xlink:type="arc" weight="1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCosts-AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesDetails" xlink:title="00000047 - Disclosure - 10. Oil and Gas Costs - Aggregate capitalized costs relating to our oil and gas property activities (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross" xlink:label="loc_us-gaapCapitalizedCostsOilAndGasProducingActivitiesGross" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsProvedProperties" xlink:label="loc_us-gaapCapitalizedCostsProvedProperties" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCapitalizedCostsOilAndGasProducingActivitiesGross" xlink:to="loc_us-gaapCapitalizedCostsProvedProperties" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AcquisitionCostsCumulative" xlink:label="loc_us-gaapAcquisitionCostsCumulative" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCapitalizedCostsOilAndGasProducingActivitiesGross" xlink:to="loc_us-gaapAcquisitionCostsCumulative" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative" xlink:label="loc_us-gaapCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCapitalizedCostsOilAndGasProducingActivitiesGross" xlink:to="loc_us-gaapCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet" xlink:label="loc_us-gaapCapitalizedCostsOilAndGasProducingActivitiesNet" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCapitalizedCostsOilAndGasProducingActivitiesNet" xlink:to="loc_us-gaapCapitalizedCostsOilAndGasProducingActivitiesGross" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" xlink:label="loc_us-gaapCapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCapitalizedCostsOilAndGasProducingActivitiesNet" xlink:to="loc_us-gaapCapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" xlink:type="arc" weight="-1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCostsDetailsNarrative" xlink:title="00000048 - Disclosure - 10. Oil and Gas Costs (Details Narrative)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LossIncomePerCommonShareDetails" xlink:title="00000049 - Disclosure - 11. (Loss) Income Per Common Share (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockholdersEquityDetailsNarrative" xlink:title="00000050 - Disclosure - 12. Stockholders' Equity (Details Narrative)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions-SummaryOfGrant-DateFairValueOfStockOptionsGrantedDetails" xlink:title="00000051 - Disclosure - 13. Stock Options - Summary of the grant-date fair value of stock options granted (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions-SummaryOfActivityOfStockOptionsDetails" xlink:title="00000052 - Disclosure - 13. Stock Options - Summary of activity of stock options (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions-OtherInformationPertainingToOptionActivityDetails" xlink:title="00000053 - Disclosure - 13. Stock Options - Other information pertaining to option activity (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions-SummaryInformationAboutOptionsOutstandingAtMarch312014Details" xlink:title="00000054 - Disclosure - 13. Stock Options - Summary information about options outstanding at March 31, 2015 (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptionsDetailsNarrative" xlink:title="00000055 - Disclosure - 13. Stock Options (Details Narrative)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/RelatedPartyTransactionsDetailsNarrative" xlink:title="00000056 - Disclosure - 14. Related Party Transactions (Details Narrative)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LeaseCommitmentsDetails" xlink:title="00000057 - Disclosure - 15. Lease Commitments (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInProvedReservesDetails" xlink:title="00000058 - Disclosure - 16. Oil and Gas Reserve Data - Changes in Proved Reserves: (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-SummaryOfProvedDevelopedAndUndevelopedReservesDetails" xlink:title="00000059 - Disclosure - 16. Oil and Gas Reserve Data - Summary of Proved Developed and Undeveloped Reserves (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-ProgressOfConvertingProvedUndevelopedReservesDetails" xlink:title="00000060 - Disclosure - 16. Oil and Gas Reserve Data - Progress of Converting Proved Undeveloped Reserves: (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesDetails" xlink:title="00000061 - Disclosure - 16. Oil and Gas Reserve Data - Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves: (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" xlink:label="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows" xlink:type="arc" weight="-1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDetails" xlink:title="00000062 - Disclosure - 16. Oil and Gas Reserve Data - Changes in Standardized Measurement (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:label="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts" xlink:label="loc_us-gaapSalesAndTransfersOfOilAndGasProducedNetOfProductionCosts" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:to="loc_us-gaapSalesAndTransfersOfOilAndGasProducedNetOfProductionCosts" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts" xlink:label="loc_us-gaapNetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:to="loc_us-gaapNetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts" xlink:label="loc_us-gaapIncreaseDecreaseInEstimatedFutureDevelopmentCosts" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:to="loc_us-gaapIncreaseDecreaseInEstimatedFutureDevelopmentCosts" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RevisionsOfPreviousQuantityEstimates" xlink:label="loc_us-gaapRevisionsOfPreviousQuantityEstimates" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:to="loc_us-gaapRevisionsOfPreviousQuantityEstimates" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDueToPurchasesOfMineralsInPlace" xlink:label="loc_us-gaapIncreaseDueToPurchasesOfMineralsInPlace" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:to="loc_us-gaapIncreaseDueToPurchasesOfMineralsInPlace" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts" xlink:label="loc_us-gaapExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts" />
      <link:calculationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:to="loc_us-gaapExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" xlink:label="loc_us-gaapIncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" />
      <link:calculationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:to="loc_us-gaapIncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccretionOfDiscount" xlink:label="loc_us-gaapAccretionOfDiscount" />
      <link:calculationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:to="loc_us-gaapAccretionOfDiscount" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther" xlink:label="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther" />
      <link:calculationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:to="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther" xlink:type="arc" weight="1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveDataDetailsNarrative" xlink:title="00000063 - Disclosure - 16. Oil and Gas Reserve Data (Details Narrative)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataDetails" xlink:title="00000064 - Disclosure - 17. Selected Quarterly Financial Data (Details)" />
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>22
<FILENAME>mxc-20150331_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 4.4a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: http://www.novaworks.co -->
    <!-- Field: Doc-Info; Name: Source; Value: fp0014808_Mexco_10k_xbrl.xfr; Date: 2015%2D06%2D25T16:40:04 -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://mexcoenergy.com/role/DocumentAndEntityInformation" xlink:href="mxc-20150331.xsd#DocumentAndEntityInformation" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedBalanceSheets" xlink:href="mxc-20150331.xsd#ConsolidatedBalanceSheets" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedBalanceSheetsParenthetical" xlink:href="mxc-20150331.xsd#ConsolidatedBalanceSheetsParenthetical" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedStatementsOfOperations" xlink:href="mxc-20150331.xsd#ConsolidatedStatementsOfOperations" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedStatementsOfChangesInStockholdersEquity" xlink:href="mxc-20150331.xsd#ConsolidatedStatementsOfChangesInStockholdersEquity" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedStatementsOfCashFlows" xlink:href="mxc-20150331.xsd#ConsolidatedStatementsOfCashFlows" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/NatureOfOperations" xlink:href="mxc-20150331.xsd#NatureOfOperations" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPolicies" xlink:href="mxc-20150331.xsd#SummaryOfSignificantAccountingPolicies" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/BusinessCombinations" xlink:href="mxc-20150331.xsd#BusinessCombinations" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/FairValueOfFinancialInstruments" xlink:href="mxc-20150331.xsd#FairValueOfFinancialInstruments" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/CreditFacility" xlink:href="mxc-20150331.xsd#CreditFacility" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/AssetRetirementObligations" xlink:href="mxc-20150331.xsd#AssetRetirementObligations" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxes" xlink:href="mxc-20150331.xsd#IncomeTaxes" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/Derivatives" xlink:href="mxc-20150331.xsd#Derivatives" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/MajorCustomers" xlink:href="mxc-20150331.xsd#MajorCustomers" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCosts" xlink:href="mxc-20150331.xsd#OilAndGasCosts" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LossIncomePerCommonShare" xlink:href="mxc-20150331.xsd#LossIncomePerCommonShare" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockholdersEquity" xlink:href="mxc-20150331.xsd#StockholdersEquity" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions" xlink:href="mxc-20150331.xsd#StockOptions" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/RelatedPartyTransactions" xlink:href="mxc-20150331.xsd#RelatedPartyTransactions" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LeaseCommitments" xlink:href="mxc-20150331.xsd#LeaseCommitments" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData" xlink:href="mxc-20150331.xsd#OilAndGasReserveData" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SelectedQuarterlyFinancialData" xlink:href="mxc-20150331.xsd#SelectedQuarterlyFinancialData" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPoliciesPolicies" xlink:href="mxc-20150331.xsd#SummaryOfSignificantAccountingPoliciesPolicies" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/BusinessCombinationsTables" xlink:href="mxc-20150331.xsd#BusinessCombinationsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/CreditFacilityTables" xlink:href="mxc-20150331.xsd#CreditFacilityTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/AssetRetirementObligationsTables" xlink:href="mxc-20150331.xsd#AssetRetirementObligationsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxesTables" xlink:href="mxc-20150331.xsd#IncomeTaxesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/DerivativesTables" xlink:href="mxc-20150331.xsd#DerivativesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCostsTables" xlink:href="mxc-20150331.xsd#OilAndGasCostsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptionsTables" xlink:href="mxc-20150331.xsd#StockOptionsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LeaseCommitmentsTables" xlink:href="mxc-20150331.xsd#LeaseCommitmentsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveDataTables" xlink:href="mxc-20150331.xsd#OilAndGasReserveDataTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataTables" xlink:href="mxc-20150331.xsd#SelectedQuarterlyFinancialDataTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/BusinessCombinations-PurchasePriceWasAllocatedToAssetsAcquiredAndLiabilitiesAssumedAtEstimatedFairValuesDetails" xlink:href="mxc-20150331.xsd#BusinessCombinations-PurchasePriceWasAllocatedToAssetsAcquiredAndLiabilitiesAssumedAtEstimatedFairValuesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/CreditFacility-SummaryOfActivityOnBankOfAmericaN.A.LineOfCreditDetails" xlink:href="mxc-20150331.xsd#CreditFacility-SummaryOfActivityOnBankOfAmericaN.A.LineOfCreditDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/RollforwardOfAssetRetirementObligationsDetails" xlink:href="mxc-20150331.xsd#RollforwardOfAssetRetirementObligationsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxes-ComponentsOfNetDeferredTaxAssetsDetails" xlink:href="mxc-20150331.xsd#IncomeTaxes-ComponentsOfNetDeferredTaxAssetsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxesDetailsNarrative" xlink:href="mxc-20150331.xsd#IncomeTaxesDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxProvisionDetails" xlink:href="mxc-20150331.xsd#IncomeTaxProvisionDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfProvisionForIncomeTaxesToIncomeTaxesComputedDetails" xlink:href="mxc-20150331.xsd#IncomeTaxes-ReconciliationOfProvisionForIncomeTaxesToIncomeTaxesComputedDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfBeginningAndEndingBalancesOfUnrecognizedTaxBenefitsDetails" xlink:href="mxc-20150331.xsd#IncomeTaxes-ReconciliationOfBeginningAndEndingBalancesOfUnrecognizedTaxBenefitsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/Derivatives-NetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetails" xlink:href="mxc-20150331.xsd#Derivatives-NetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/Derivatives-LossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetails" xlink:href="mxc-20150331.xsd#Derivatives-LossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/MajorCustomersDetailsNarrative" xlink:href="mxc-20150331.xsd#MajorCustomersDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCosts-CostsRelatedToOurOilAndGasActivitiesDetails" xlink:href="mxc-20150331.xsd#OilAndGasCosts-CostsRelatedToOurOilAndGasActivitiesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCosts-AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesDetails" xlink:href="mxc-20150331.xsd#OilAndGasCosts-AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCostsDetailsNarrative" xlink:href="mxc-20150331.xsd#OilAndGasCostsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LossIncomePerCommonShareDetails" xlink:href="mxc-20150331.xsd#LossIncomePerCommonShareDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockholdersEquityDetailsNarrative" xlink:href="mxc-20150331.xsd#StockholdersEquityDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions-SummaryOfGrant-DateFairValueOfStockOptionsGrantedDetails" xlink:href="mxc-20150331.xsd#StockOptions-SummaryOfGrant-DateFairValueOfStockOptionsGrantedDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions-SummaryOfActivityOfStockOptionsDetails" xlink:href="mxc-20150331.xsd#StockOptions-SummaryOfActivityOfStockOptionsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions-OtherInformationPertainingToOptionActivityDetails" xlink:href="mxc-20150331.xsd#StockOptions-OtherInformationPertainingToOptionActivityDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions-SummaryInformationAboutOptionsOutstandingAtMarch312014Details" xlink:href="mxc-20150331.xsd#StockOptions-SummaryInformationAboutOptionsOutstandingAtMarch312014Details" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptionsDetailsNarrative" xlink:href="mxc-20150331.xsd#StockOptionsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/RelatedPartyTransactionsDetailsNarrative" xlink:href="mxc-20150331.xsd#RelatedPartyTransactionsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LeaseCommitmentsDetails" xlink:href="mxc-20150331.xsd#LeaseCommitmentsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInProvedReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-ChangesInProvedReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-SummaryOfProvedDevelopedAndUndevelopedReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-SummaryOfProvedDevelopedAndUndevelopedReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-ProgressOfConvertingProvedUndevelopedReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-ProgressOfConvertingProvedUndevelopedReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveDataDetailsNarrative" xlink:href="mxc-20150331.xsd#OilAndGasReserveDataDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataDetails" xlink:href="mxc-20150331.xsd#SelectedQuarterlyFinancialDataDetails" xlink:type="simple" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" arcroleURI="http://xbrl.org/int/dim/arcrole/all" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#notAll" arcroleURI="http://xbrl.org/int/dim/arcrole/notAll" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/DocumentAndEntityInformation" xlink:title="00000001 - Document - Document and Entity Information" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedBalanceSheets" xlink:title="00000002 - Statement - CONSOLIDATED BALANCE SHEETS" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedBalanceSheetsParenthetical" xlink:title="00000003 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedStatementsOfOperations" xlink:title="00000004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedStatementsOfChangesInStockholdersEquity" xlink:title="00000005 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaapStatementEquityComponentsAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementEquityComponentsAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaapEquityComponentDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapStatementEquityComponentsAxis" xlink:to="loc_us-gaapEquityComponentDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaapEquityComponentDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementEquityComponentsAxis" xlink:to="loc_us-gaapEquityComponentDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaapCommonStockMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapEquityComponentDomain" xlink:to="loc_us-gaapCommonStockMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TreasuryStockMember" xlink:label="loc_us-gaapTreasuryStockMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapEquityComponentDomain" xlink:to="loc_us-gaapTreasuryStockMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaapAdditionalPaidInCapitalMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapEquityComponentDomain" xlink:to="loc_us-gaapAdditionalPaidInCapitalMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaapRetainedEarningsMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapEquityComponentDomain" xlink:to="loc_us-gaapRetainedEarningsMember_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharesIssued" xlink:label="loc_us-gaapSharesIssued_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapSharesIssued_60" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaapStockholdersEquity_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockholdersEquity_60" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaapNetIncomeLoss_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapNetIncomeLoss_60" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:label="loc_us-gaapStockIssuedDuringPeriodValueAcquisitions_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockIssuedDuringPeriodValueAcquisitions_60" xlink:type="arc" order="4" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:label="loc_us-gaapStockIssuedDuringPeriodSharesPurchaseOfAssets_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockIssuedDuringPeriodSharesPurchaseOfAssets_60" xlink:type="arc" order="5" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodValue" xlink:label="loc_us-gaapStockRepurchasedDuringPeriodValue_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockRepurchasedDuringPeriodValue_60" xlink:type="arc" order="6" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares" xlink:label="loc_us-gaapStockRepurchasedDuringPeriodShares_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockRepurchasedDuringPeriodShares_60" xlink:type="arc" order="7" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="loc_us-gaapStockIssuedDuringPeriodValueStockOptionsExercised_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockIssuedDuringPeriodValueStockOptionsExercised_60" xlink:type="arc" order="8" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation" xlink:label="loc_us-gaapAdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapAdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation_60" xlink:type="arc" order="9" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaapShareBasedCompensation_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapShareBasedCompensation_60" xlink:type="arc" order="10" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="loc_us-gaapStockIssuedDuringPeriodSharesStockOptionsExercised_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockIssuedDuringPeriodSharesStockOptionsExercised_60" xlink:type="arc" order="11" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedStatementsOfCashFlows" xlink:title="00000006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/NatureOfOperations" xlink:title="00000007 - Disclosure - 1. Nature of Operations" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPolicies" xlink:title="00000008 - Disclosure - 2. Summary of Significant Accounting Policies" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/BusinessCombinations" xlink:title="00000009 - Disclosure - 3. Business Combinations" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/FairValueOfFinancialInstruments" xlink:title="00000010 - Disclosure - 4. Fair Value of Financial Instruments" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/CreditFacility" xlink:title="00000011 - Disclosure - 5. Credit Facility" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/AssetRetirementObligations" xlink:title="00000012 - Disclosure - 6. Asset Retirement Obligations" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxes" xlink:title="00000013 - Disclosure - 7. Income Taxes" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/Derivatives" xlink:title="00000014 - Disclosure - 8. Derivatives" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/MajorCustomers" xlink:title="00000015 - Disclosure - 9. Major Customers" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCosts" xlink:title="00000016 - Disclosure - 10. Oil and Gas Costs" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LossIncomePerCommonShare" xlink:title="00000017 - Disclosure - 11. (Loss) Income Per Common Share" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockholdersEquity" xlink:title="00000018 - Disclosure - 12. Stockholders' Equity" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions" xlink:title="00000019 - Disclosure - 13. Stock Options" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/RelatedPartyTransactions" xlink:title="00000020 - Disclosure - 14. Related Party Transactions" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LeaseCommitments" xlink:title="00000021 - Disclosure - 15. Lease Commitments" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData" xlink:title="00000022 - Disclosure - 16. Oil and Gas Reserve Data (Unaudited)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SelectedQuarterlyFinancialData" xlink:title="00000023 - Disclosure - 17. Selected Quarterly Financial Data (Unaudited)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPoliciesPolicies" xlink:title="00000024 - Disclosure - 2. Summary of Significant Accounting Policies (Policies)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/BusinessCombinationsTables" xlink:title="00000025 - Disclosure - 3. Business Combinations (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/CreditFacilityTables" xlink:title="00000026 - Disclosure - 5. Credit Facility (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/AssetRetirementObligationsTables" xlink:title="00000027 - Disclosure - 6. Asset Retirement Obligations (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxesTables" xlink:title="00000028 - Disclosure - 7. Income Taxes (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/DerivativesTables" xlink:title="00000029 - Disclosure - 8. Derivatives (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCostsTables" xlink:title="00000030 - Disclosure - 10. Oil and Gas Costs (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptionsTables" xlink:title="00000031 - Disclosure - 13. Stock Options (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LeaseCommitmentsTables" xlink:title="00000032 - Disclosure - 15. Lease Commitments (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveDataTables" xlink:title="00000033 - Disclosure - 16. Oil and Gas Reserve Data (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataTables" xlink:title="00000034 - Disclosure - 17. Selected Quarterly Financial Data (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/BusinessCombinations-PurchasePriceWasAllocatedToAssetsAcquiredAndLiabilitiesAssumedAtEstimatedFairValuesDetails" xlink:title="00000035 - Disclosure - 3. Business Combinations (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/CreditFacility-SummaryOfActivityOnBankOfAmericaN.A.LineOfCreditDetails" xlink:title="00000036 - Disclosure - 5. Credit Facility - Summary of activity on the Bank of America, N.A. line of credit (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/RollforwardOfAssetRetirementObligationsDetails" xlink:title="00000037 - Disclosure - 6. Rollforward of Asset Retirement Obligations (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxes-ComponentsOfNetDeferredTaxAssetsDetails" xlink:title="00000038 - Disclosure - 7. Income Taxes - Components of net deferred tax assets (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxesDetailsNarrative" xlink:title="00000039 - Disclosure - 7. Income Taxes (Details Narrative)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxProvisionDetails" xlink:title="00000040 - Disclosure - 7. Income Tax Provision (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfProvisionForIncomeTaxesToIncomeTaxesComputedDetails" xlink:title="00000041 - Disclosure - 7. Income Taxes - Reconciliation of the provision for income taxes to income taxes computed (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfBeginningAndEndingBalancesOfUnrecognizedTaxBenefitsDetails" xlink:title="00000042 - Disclosure - 7. Income Taxes - Reconciliation of the beginning and ending balances of unrecognized tax benefits (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/Derivatives-NetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetails" xlink:title="00000043 - Disclosure - 8. Derivatives - Net fair value of the Company&#8217;s derivative assets and liabilities (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/Derivatives-LossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetails" xlink:title="00000044 - Disclosure - 8. Derivatives - Loss on derivative instruments included in the consolidated statements of operations (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/MajorCustomersDetailsNarrative" xlink:title="00000045 - Disclosure - 9. Major Customers (Details Narrative)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCosts-CostsRelatedToOurOilAndGasActivitiesDetails" xlink:title="00000046 - Disclosure - 10. Oil and Gas Costs - Costs related to our oil and gas activities (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCosts-AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesDetails" xlink:title="00000047 - Disclosure - 10. Oil and Gas Costs - Aggregate capitalized costs relating to our oil and gas property activities (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCostsDetailsNarrative" xlink:title="00000048 - Disclosure - 10. Oil and Gas Costs (Details Narrative)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LossIncomePerCommonShareDetails" xlink:title="00000049 - Disclosure - 11. (Loss) Income Per Common Share (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockholdersEquityDetailsNarrative" xlink:title="00000050 - Disclosure - 12. Stockholders' Equity (Details Narrative)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions-SummaryOfGrant-DateFairValueOfStockOptionsGrantedDetails" xlink:title="00000051 - Disclosure - 13. Stock Options - Summary of the grant-date fair value of stock options granted (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions-SummaryOfActivityOfStockOptionsDetails" xlink:title="00000052 - Disclosure - 13. Stock Options - Summary of activity of stock options (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions-OtherInformationPertainingToOptionActivityDetails" xlink:title="00000053 - Disclosure - 13. Stock Options - Other information pertaining to option activity (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions-SummaryInformationAboutOptionsOutstandingAtMarch312014Details" xlink:title="00000054 - Disclosure - 13. Stock Options - Summary information about options outstanding at March 31, 2015 (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:label="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:label="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:to="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:label="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:to="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SixThirtyToSixEighty1Member" xlink:label="loc_MXCSixThirtyToSixEighty1Member_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="loc_MXCSixThirtyToSixEighty1Member_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SixThirtyToSixEightyMember" xlink:label="loc_MXCSixThirtyToSixEightyMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="loc_MXCSixThirtyToSixEightyMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SixToSixTwentyNineTwoMember" xlink:label="loc_MXCSixToSixTwentyNineTwoMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="loc_MXCSixToSixTwentyNineTwoMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AllPricesMember" xlink:label="loc_MXCAllPricesMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="loc_MXCAllPricesMember_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SixToSixTwentyNineMember" xlink:label="loc_MXCSixToSixTwentyNineMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="loc_MXCSixToSixTwentyNineMember_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_70" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_70" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_70" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_70" xlink:type="arc" order="3" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptionsDetailsNarrative" xlink:title="00000055 - Disclosure - 13. Stock Options (Details Narrative)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/RelatedPartyTransactionsDetailsNarrative" xlink:title="00000056 - Disclosure - 14. Related Party Transactions (Details Narrative)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LeaseCommitmentsDetails" xlink:title="00000057 - Disclosure - 15. Lease Commitments (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInProvedReservesDetails" xlink:title="00000058 - Disclosure - 16. Oil and Gas Reserve Data - Changes in Proved Reserves: (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ReserveQuantitiesByTypeOfReserveAxis" xlink:label="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TypeOfReserveDomain" xlink:label="loc_us-gaapTypeOfReserveDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" xlink:to="loc_us-gaapTypeOfReserveDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TypeOfReserveDomain" xlink:label="loc_us-gaapTypeOfReserveDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" xlink:to="loc_us-gaapTypeOfReserveDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilReservesMember" xlink:label="loc_us-gaapOilReservesMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapTypeOfReserveDomain" xlink:to="loc_us-gaapOilReservesMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NaturalGasReservesMember" xlink:label="loc_us-gaapNaturalGasReservesMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapTypeOfReserveDomain" xlink:to="loc_us-gaapNaturalGasReservesMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesNet" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesNet_160" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesNet_160" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease_160" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease_160" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace_160" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace_160" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions_160" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions_160" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace_160" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace_160" xlink:type="arc" order="4" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesProduction" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesProduction_160" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesProduction_160" xlink:type="arc" order="5" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-SummaryOfProvedDevelopedAndUndevelopedReservesDetails" xlink:title="00000059 - Disclosure - 16. Oil and Gas Reserve Data - Summary of Proved Developed and Undeveloped Reserves (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ReserveQuantitiesByTypeOfReserveAxis" xlink:label="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TypeOfReserveDomain" xlink:label="loc_us-gaapTypeOfReserveDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" xlink:to="loc_us-gaapTypeOfReserveDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TypeOfReserveDomain" xlink:label="loc_us-gaapTypeOfReserveDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" xlink:to="loc_us-gaapTypeOfReserveDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilReservesMember" xlink:label="loc_us-gaapOilReservesMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapTypeOfReserveDomain" xlink:to="loc_us-gaapOilReservesMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NaturalGasReservesMember" xlink:label="loc_us-gaapNaturalGasReservesMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapTypeOfReserveDomain" xlink:to="loc_us-gaapNaturalGasReservesMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedReservesVolume" xlink:label="loc_us-gaapProvedDevelopedReservesVolume_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedReservesVolume_90" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedUndevelopedReserveVolume" xlink:label="loc_us-gaapProvedUndevelopedReserveVolume_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedUndevelopedReserveVolume_90" xlink:type="arc" order="1" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-ProgressOfConvertingProvedUndevelopedReservesDetails" xlink:title="00000060 - Disclosure - 16. Oil and Gas Reserve Data - Progress of Converting Proved Undeveloped Reserves: (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesDetails" xlink:title="00000061 - Disclosure - 16. Oil and Gas Reserve Data - Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves: (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDetails" xlink:title="00000062 - Disclosure - 16. Oil and Gas Reserve Data - Changes in Standardized Measurement (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveDataDetailsNarrative" xlink:title="00000063 - Disclosure - 16. Oil and Gas Reserve Data (Details Narrative)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataDetails" xlink:title="00000064 - Disclosure - 17. Selected Quarterly Financial Data (Details)" />
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>23
<FILENAME>mxc-20150331_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 4.4a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: http://www.novaworks.co -->
    <!-- Field: Doc-Info; Name: Source; Value: fp0014808_Mexco_10k_xbrl.xfr; Date: 2015%2D06%2D25T16:40:04 -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US">Common Stock Par Value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xml:lang="en-US">Equity Components [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TreasuryStockMember" xlink:label="us-gaap_TreasuryStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockMember" xlink:to="us-gaap_TreasuryStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockMember_lbl" xml:lang="en-US">Treasury Stock</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US">Additional Paid-In Capital</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="us-gaap_RetainedEarningsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsMember" xlink:to="us-gaap_RetainedEarningsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsMember_lbl" xml:lang="en-US">Retained Earnings</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_TBOMember" xlink:label="MXC_TBOMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_TBOMember" xlink:to="MXC_TBOMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_TBOMember_lbl" xml:lang="en-US">Acquisition of TBO Oil &amp;amp; Gas, LLC</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xml:lang="en-US">Business Acquisition [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SixToSixTwentyNineMember" xlink:label="MXC_SixToSixTwentyNineMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_SixToSixTwentyNineMember" xlink:to="MXC_SixToSixTwentyNineMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_SixToSixTwentyNineMember_lbl" xml:lang="en-US">Exercise Prices 5.98 - 7.00</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_lbl" xml:lang="en-US">ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRange [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SixThirtyToSixEightyMember" xlink:label="MXC_SixThirtyToSixEightyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_SixThirtyToSixEightyMember" xlink:to="MXC_SixThirtyToSixEightyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_SixThirtyToSixEightyMember_lbl" xml:lang="en-US">Exercise Prices 6.26 - 6.50</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SixToSixTwentyNineTwoMember" xlink:label="MXC_SixToSixTwentyNineTwoMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_SixToSixTwentyNineTwoMember" xlink:to="MXC_SixToSixTwentyNineTwoMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_SixToSixTwentyNineTwoMember_lbl" xml:lang="en-US">Exercise Prices 6.51 - 6.80</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AllPricesMember" xlink:label="MXC_AllPricesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_AllPricesMember" xlink:to="MXC_AllPricesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_AllPricesMember_lbl" xml:lang="en-US">Exercise Prices 6.81 - 7.00</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilReservesMember" xlink:label="us-gaap_OilReservesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilReservesMember" xlink:to="us-gaap_OilReservesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OilReservesMember_lbl" xml:lang="en-US">Oil [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ReserveQuantitiesByTypeOfReserveAxis" xlink:label="us-gaap_ReserveQuantitiesByTypeOfReserveAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReserveQuantitiesByTypeOfReserveAxis" xlink:to="us-gaap_ReserveQuantitiesByTypeOfReserveAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReserveQuantitiesByTypeOfReserveAxis_lbl" xml:lang="en-US">Petroleum Reserves [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NaturalGasReservesMember" xlink:label="us-gaap_NaturalGasReservesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NaturalGasReservesMember" xlink:to="us-gaap_NaturalGasReservesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NaturalGasReservesMember_lbl" xml:lang="en-US">Natural Gas [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EnergyRelatedDerivativeMember" xlink:label="us-gaap_EnergyRelatedDerivativeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EnergyRelatedDerivativeMember" xlink:to="us-gaap_EnergyRelatedDerivativeMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EnergyRelatedDerivativeMember_lbl" xml:lang="en-US">April 2014 - March 2015, crude oil derivative positions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeByNatureAxis" xlink:label="us-gaap_DerivativeByNatureAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeByNatureAxis" xlink:to="us-gaap_DerivativeByNatureAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeByNatureAxis_lbl" xml:lang="en-US">Derivative, by Nature [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SixThirtyToSixEighty1Member" xlink:label="MXC_SixThirtyToSixEighty1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_SixThirtyToSixEighty1Member" xlink:to="MXC_SixThirtyToSixEighty1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_SixThirtyToSixEighty1Member_lbl" xml:lang="en-US">Exercise Prices 5.98 - 6.25</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_DocumentAndEntityInformationAbstract" xlink:label="MXC_DocumentAndEntityInformationAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_DocumentAndEntityInformationAbstract" xlink:to="MXC_DocumentAndEntityInformationAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US">Document And Entity Information</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Is Entity a Well-known Seasoned Issuer?</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Is Entity a Voluntary Filer?</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Is Entity's Reporting Status Current?</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US">Statement of Financial Position [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US">ASSETS</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="us-gaap_AssetsCurrentAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrentAbstract" xlink:to="us-gaap_AssetsCurrentAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsCurrentAbstract_lbl" xml:lang="en-US">Current assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsReceivableNetCurrentAbstract" xlink:label="us-gaap_AccountsReceivableNetCurrentAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNetCurrentAbstract" xlink:to="us-gaap_AccountsReceivableNetCurrentAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsReceivableNetCurrentAbstract_lbl" xml:lang="en-US">Accounts receivable:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasJointInterestBillingReceivablesCurrent" xlink:label="us-gaap_OilAndGasJointInterestBillingReceivablesCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasJointInterestBillingReceivablesCurrent" xlink:to="us-gaap_OilAndGasJointInterestBillingReceivablesCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OilAndGasJointInterestBillingReceivablesCurrent_lbl" xml:lang="en-US">Oil and gas sales</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AccountsReceivableTradeCurrent" xlink:label="MXC_AccountsReceivableTradeCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_AccountsReceivableTradeCurrent" xlink:to="MXC_AccountsReceivableTradeCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_AccountsReceivableTradeCurrent_lbl" xml:lang="en-US">Trade</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PrepaidExpenseCurrent" xlink:label="us-gaap_PrepaidExpenseCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseCurrent" xlink:to="us-gaap_PrepaidExpenseCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrepaidExpenseCurrent_lbl" xml:lang="en-US">Prepaid costs and expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsCurrent_lbl" xml:lang="en-US">Total current assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNetAbstract" xlink:label="us-gaap_PropertyPlantAndEquipmentNetAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNetAbstract" xlink:to="us-gaap_PropertyPlantAndEquipmentNetAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentNetAbstract_lbl" xml:lang="en-US">Property and equipment, at cost</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasPropertyFullCostMethodGross" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasPropertyFullCostMethodGross" xlink:to="us-gaap_OilAndGasPropertyFullCostMethodGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodGross_lbl" xml:lang="en-US">Oil and gas properties, using the full cost method</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOther" xlink:label="us-gaap_PropertyPlantAndEquipmentOther" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentOther" xlink:to="us-gaap_PropertyPlantAndEquipmentOther_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentOther_lbl" xml:lang="en-US">Other</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xml:lang="en-US">Accumulated depreciation, depletion and amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="us-gaap_PropertyPlantAndEquipmentNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Property and equipment, net</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsNoncurrent" xlink:label="us-gaap_AssetsNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNoncurrent" xlink:to="us-gaap_AssetsNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsNoncurrent_lbl" xml:lang="en-US">Other noncurrent assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US">Total Assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US">LIABILITIES AND STOCKHOLDERS' EQUITY</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="us-gaap_LiabilitiesCurrentAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrentAbstract" xlink:to="us-gaap_LiabilitiesCurrentAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesCurrentAbstract_lbl" xml:lang="en-US">Current liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_lbl" xml:lang="en-US">Accounts payable and accrued expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccruedIncomeTaxesCurrent" xlink:label="us-gaap_AccruedIncomeTaxesCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedIncomeTaxesCurrent" xlink:to="us-gaap_AccruedIncomeTaxesCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccruedIncomeTaxesCurrent_lbl" xml:lang="en-US">Income tax payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="us-gaap_DerivativeLiabilitiesCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilitiesCurrent" xlink:to="us-gaap_DerivativeLiabilitiesCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilitiesCurrent_lbl" xml:lang="en-US">Derivative instruments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="us-gaap_LiabilitiesCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xml:lang="en-US">Total current liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="us-gaap_LongTermDebtNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrent" xlink:to="us-gaap_LongTermDebtNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xml:lang="en-US">Long-term debt</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:label="us-gaap_AssetRetirementObligationsNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationsNoncurrent" xlink:to="us-gaap_AssetRetirementObligationsNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationsNoncurrent_lbl" xml:lang="en-US">Asset retirement obligations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:to="us-gaap_DeferredTaxLiabilitiesNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent_lbl" xml:lang="en-US">Deferred income tax liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US">Total liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xml:lang="en-US">Commitments and contingencies</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US">Stockholders' equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="us-gaap_PreferredStockValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockValue" xlink:to="us-gaap_PreferredStockValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US">Preferred stock - $1.00 par value; 10,000,000 shares authorized; none outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US">Common stock - $0.50 par value; 40,000,000 shares authorized; 2,104,266 shares issued; 2,037,266 and 2,038,266 shares outstanding as of March 31, 2015 and 2014, respectively</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalCommonStock" xlink:to="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xml:lang="en-US">Additional paid-in capital</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US">Retained earnings</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="us-gaap_TreasuryStockValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockValue" xlink:to="us-gaap_TreasuryStockValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_TreasuryStockValue_lbl" xml:lang="en-US">Treasury stock, at cost (67,000 and 66,000 shares, respectively)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US">Total stockholders' equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US">Total liabilities and stockholders' equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:to="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Preferred stock par value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="us-gaap_PreferredStockSharesAuthorized" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesAuthorized" xlink:to="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xml:lang="en-US">Preferred stock shares authorized</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="us-gaap_PreferredStockSharesIssued" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesIssued" xlink:to="us-gaap_PreferredStockSharesIssued_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xml:lang="en-US">Preferred stock shares issued</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="us-gaap_PreferredStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesOutstanding" xlink:to="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xml:lang="en-US">Preferred stock shares outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Common stock par value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US">Common stock shares authorized</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US">Common stock shares issued</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US">Common stock shares outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TreasuryStockShares" xlink:label="us-gaap_TreasuryStockShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockShares" xlink:to="us-gaap_TreasuryStockShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockShares_lbl" xml:lang="en-US">Treasury stock, shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US">Income Statement [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesRevenueNetAbstract" xlink:label="us-gaap_SalesRevenueNetAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesRevenueNetAbstract" xlink:to="us-gaap_SalesRevenueNetAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SalesRevenueNetAbstract_lbl" xml:lang="en-US">Operating revenues:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasSalesRevenue" xlink:label="us-gaap_OilAndGasSalesRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasSalesRevenue" xlink:to="us-gaap_OilAndGasSalesRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OilAndGasSalesRevenue_lbl" xml:lang="en-US">Oil and gas</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherSalesRevenueNet" xlink:label="us-gaap_OtherSalesRevenueNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherSalesRevenueNet" xlink:to="us-gaap_OtherSalesRevenueNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherSalesRevenueNet_lbl" xml:lang="en-US">Other</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="us-gaap_SalesRevenueNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesRevenueNet" xlink:to="us-gaap_SalesRevenueNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SalesRevenueNet_lbl" xml:lang="en-US">Total operating revenues</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsAndExpensesAbstract" xlink:label="us-gaap_CostsAndExpensesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsAndExpensesAbstract" xlink:to="us-gaap_CostsAndExpensesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsAndExpensesAbstract_lbl" xml:lang="en-US">Operating expenses:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostOfGoodsSoldOilAndGas" xlink:label="us-gaap_CostOfGoodsSoldOilAndGas" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfGoodsSoldOilAndGas" xlink:to="us-gaap_CostOfGoodsSoldOilAndGas_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostOfGoodsSoldOilAndGas_lbl" xml:lang="en-US">Production</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationAccretionExpense" xlink:label="us-gaap_AssetRetirementObligationAccretionExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationAccretionExpense" xlink:to="us-gaap_AssetRetirementObligationAccretionExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationAccretionExpense_lbl" xml:lang="en-US">Accretion of asset retirement obligations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="us-gaap_DepreciationDepletionAndAmortization" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationDepletionAndAmortization" xlink:to="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US">Depreciation, depletion, and amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="us-gaap_GeneralAndAdministrativeExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US">General and administrative</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="us-gaap_CostsAndExpenses" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsAndExpenses" xlink:to="us-gaap_CostsAndExpenses_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CostsAndExpenses_lbl" xml:lang="en-US">Total operating expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xml:lang="en-US">Operating (loss) income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NonoperatingIncomeExpenseAbstract" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpenseAbstract" xlink:to="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xml:lang="en-US">Other income (expenses):</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="us-gaap_InvestmentIncomeInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeInterest" xlink:to="us-gaap_InvestmentIncomeInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xml:lang="en-US">Interest income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US">Interest expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:to="us-gaap_GainLossOnDerivativeInstrumentsNetPretax_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnDerivativeInstrumentsNetPretax_lbl" xml:lang="en-US">Gain (loss) on derivative instruments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpense" xlink:to="us-gaap_NonoperatingIncomeExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xml:lang="en-US">Net other income (expense)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" xml:lang="en-US">(Loss) earnings before provision for income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:to="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract_lbl" xml:lang="en-US">Income tax (benefit) expense:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:to="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Current</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Deferred</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US">TOTAL</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net (loss) income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xml:lang="en-US">(Loss) income per common share:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US">Basic</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="us-gaap_EarningsPerShareDiluted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDiluted" xlink:to="us-gaap_EarningsPerShareDiluted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US">Diluted</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" xml:lang="en-US">Weighted average common shares outstanding:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US">Basic</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US">Diluted</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US">Statement [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US">Statement [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharesIssued" xlink:label="us-gaap_SharesIssued" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssued" xlink:to="us-gaap_SharesIssued_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_SharesIssued_lbl" xml:lang="en-US">Beginning balance, Shares</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquity_2_lbl" xml:lang="en-US">Beginning balance, Amount</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_2_lbl" xml:lang="en-US">Net income (loss)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:label="us-gaap_StockIssuedDuringPeriodValueAcquisitions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:to="us-gaap_StockIssuedDuringPeriodValueAcquisitions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueAcquisitions_lbl" xml:lang="en-US">Issuance of stock for properties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:label="us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:to="us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets_lbl" xml:lang="en-US">Exchanged for property, shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodValue" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedDuringPeriodValue" xlink:to="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xml:lang="en-US">Purchase of stock</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedDuringPeriodShares" xlink:to="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xml:lang="en-US">Purchase of stock, shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_lbl" xml:lang="en-US">Issuance of stock through options exercised</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation_lbl" xml:lang="en-US">Excess tax benefits from stock-based compensation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US">Stock based compensation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xml:lang="en-US">Shares Issued</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssued" xlink:to="us-gaap_SharesIssued_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_SharesIssued_2_lbl" xml:lang="en-US">Ending balance, Shares</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquity_3_lbl" xml:lang="en-US">Ending balance, Amount</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from operating activities:</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetIncomeLoss_3_lbl" xml:lang="en-US">Net (loss) income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Adjustments to reconcile net (loss) income to net cash provided by operating activities:</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredIncomeTaxExpenseBenefit_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_2_lbl" xml:lang="en-US">Deferred income tax (benefit) expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShareBasedCompensation_2_lbl" xml:lang="en-US">Stock-based compensation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationDepletionAndAmortization" xlink:to="us-gaap_DepreciationDepletionAndAmortization_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DepreciationDepletionAndAmortization_2_lbl" xml:lang="en-US">Depreciation, depletion and amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:to="us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_lbl" xml:lang="en-US">(Gain) loss on derivative instruments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US">Changes in assets and liabilities, net of business combinations:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xml:lang="en-US">Decrease (increase) in accounts receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:label="us-gaap_IncreaseDecreaseInPrepaidExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:to="us-gaap_IncreaseDecreaseInPrepaidExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInPrepaidExpense_lbl" xml:lang="en-US">Increase in prepaid expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInOtherNoncurrentAssets" xlink:label="us-gaap_IncreaseDecreaseInOtherNoncurrentAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherNoncurrentAssets" xlink:to="us-gaap_IncreaseDecreaseInOtherNoncurrentAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOtherNoncurrentAssets_lbl" xml:lang="en-US">Decrease (increase) in noncurrent assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:to="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_lbl" xml:lang="en-US">(Decrease) increase in income tax payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xml:lang="en-US">Increase (decrease) in accounts payable and accrued expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US">Net cash provided by operating activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from investing activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireOilAndGasProperty" xlink:label="us-gaap_PaymentsToAcquireOilAndGasProperty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireOilAndGasProperty" xlink:to="us-gaap_PaymentsToAcquireOilAndGasProperty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireOilAndGasProperty_lbl" xml:lang="en-US">Additions to oil and gas properties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:label="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:to="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates_lbl" xml:lang="en-US">Acquisition of business</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:label="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_lbl" xml:lang="en-US">Additions to other property and equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount" xlink:label="us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount" xlink:to="us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount_lbl" xml:lang="en-US">Settlement of asset retirement obligations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsForDerivativeInstrumentInvestingActivities" xlink:label="us-gaap_PaymentsForDerivativeInstrumentInvestingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForDerivativeInstrumentInvestingActivities" xlink:to="us-gaap_PaymentsForDerivativeInstrumentInvestingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForDerivativeInstrumentInvestingActivities_lbl" xml:lang="en-US">Settlement of derivatives</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment" xlink:label="us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment" xlink:to="us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment_lbl" xml:lang="en-US">Proceeds from sale of oil and gas properties and equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xml:lang="en-US">Net cash used in investing activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from financing activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:to="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xml:lang="en-US">Acquisition of treasury stock</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="us-gaap_ProceedsFromStockOptionsExercised" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromStockOptionsExercised" xlink:to="us-gaap_ProceedsFromStockOptionsExercised_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromStockOptionsExercised_lbl" xml:lang="en-US">Proceeds from exercise of stock options</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="us-gaap_RepaymentsOfLongTermDebt" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLongTermDebt" xlink:to="us-gaap_RepaymentsOfLongTermDebt_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RepaymentsOfLongTermDebt_lbl" xml:lang="en-US">Reduction of long-term debt</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities" xlink:label="us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities" xlink:to="us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities_lbl" xml:lang="en-US">Proceeds from long-term debt</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xml:lang="en-US">Net cash provided by (used in) financing activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xml:lang="en-US">Net decrease in cash and cash equivalents</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_2_lbl" xml:lang="en-US">Cash and cash equivalents at beginning of period</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_3_lbl" xml:lang="en-US">Cash and cash equivalents at end of period</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US">Supplemental disclosure of cash flow information:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestPaid" xlink:label="us-gaap_InterestPaid" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaid" xlink:to="us-gaap_InterestPaid_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestPaid_lbl" xml:lang="en-US">Cash paid for interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxesPaid" xlink:label="us-gaap_IncomeTaxesPaid" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesPaid" xlink:to="us-gaap_IncomeTaxesPaid_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxesPaid_lbl" xml:lang="en-US">Income taxes paid</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:to="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xml:lang="en-US">Non-cash investing and financing activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AssetRetirementObligations" xlink:label="MXC_AssetRetirementObligations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_AssetRetirementObligations" xlink:to="MXC_AssetRetirementObligations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="MXC_AssetRetirementObligations_lbl" xml:lang="en-US">Asset retirement obligations</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SubsidiaryLiabilityAbstract" xlink:label="MXC_SubsidiaryLiabilityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_SubsidiaryLiabilityAbstract" xlink:to="MXC_SubsidiaryLiabilityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_SubsidiaryLiabilityAbstract_lbl" xml:lang="en-US">Acquisition of subsidiary resulting in the assumption of liabilities as follows:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueOfAssetsAcquired" xlink:label="us-gaap_FairValueOfAssetsAcquired" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOfAssetsAcquired" xlink:to="us-gaap_FairValueOfAssetsAcquired_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOfAssetsAcquired_lbl" xml:lang="en-US">Fair value of assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireBusinessesGross" xlink:to="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xml:lang="en-US">Cash paid</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesAssumed1" xlink:label="us-gaap_LiabilitiesAssumed1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAssumed1" xlink:to="us-gaap_LiabilitiesAssumed1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAssumed1_lbl" xml:lang="en-US">Liabilities assumed</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_AccountingPoliciesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock" xlink:label="us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock" xlink:to="us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock_lbl" xml:lang="en-US">Nature of Operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:to="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xml:lang="en-US">Summary of Significant Accounting Policies</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="us-gaap_BusinessCombinationsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationsAbstract" xlink:to="us-gaap_BusinessCombinationsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationsAbstract_lbl" xml:lang="en-US">Business Combinations [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessCombinationDisclosureTextBlock" xlink:label="us-gaap_BusinessCombinationDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationDisclosureTextBlock" xlink:to="us-gaap_BusinessCombinationDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationDisclosureTextBlock_lbl" xml:lang="en-US">Business Combinations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="us-gaap_FairValueDisclosuresAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosuresAbstract" xlink:to="us-gaap_FairValueDisclosuresAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueDisclosuresAbstract_lbl" xml:lang="en-US">Fair Value Disclosures [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueMeasurementInputsDisclosureTextBlock" xlink:label="us-gaap_FairValueMeasurementInputsDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementInputsDisclosureTextBlock" xlink:to="us-gaap_FairValueMeasurementInputsDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementInputsDisclosureTextBlock_lbl" xml:lang="en-US">Fair Value of Financial Instruments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="us-gaap_DebtDisclosureAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="us-gaap_DebtDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xml:lang="en-US">Debt Disclosure [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtAndCapitalLeasesDisclosuresTextBlock" xlink:label="us-gaap_DebtAndCapitalLeasesDisclosuresTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtAndCapitalLeasesDisclosuresTextBlock" xlink:to="us-gaap_DebtAndCapitalLeasesDisclosuresTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtAndCapitalLeasesDisclosuresTextBlock_lbl" xml:lang="en-US">Credit Facility</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureAbstract" xlink:label="us-gaap_AssetRetirementObligationDisclosureAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationDisclosureAbstract" xlink:to="us-gaap_AssetRetirementObligationDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationDisclosureAbstract_lbl" xml:lang="en-US">Asset Retirement Obligation Disclosure [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureTextBlock" xlink:label="us-gaap_AssetRetirementObligationDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationDisclosureTextBlock" xlink:to="us-gaap_AssetRetirementObligationDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationDisclosureTextBlock_lbl" xml:lang="en-US">Asset Retirement Obligations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="us-gaap_IncomeTaxDisclosureAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_IncomeTaxDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxDisclosureAbstract_lbl" xml:lang="en-US">Income Tax Disclosure [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureTextBlock" xlink:to="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xml:lang="en-US">Income Taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_DerivativesAbstract" xlink:label="MXC_DerivativesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_DerivativesAbstract" xlink:to="MXC_DerivativesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_DerivativesAbstract_lbl" xml:lang="en-US">Derivatives</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:to="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_lbl" xml:lang="en-US">Derivatives</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RisksAndUncertaintiesAbstract" xlink:label="us-gaap_RisksAndUncertaintiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RisksAndUncertaintiesAbstract" xlink:to="us-gaap_RisksAndUncertaintiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RisksAndUncertaintiesAbstract_lbl" xml:lang="en-US">Risks and Uncertainties [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:to="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xml:lang="en-US">Major Customers</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="us-gaap_ExtractiveIndustriesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ExtractiveIndustriesAbstract" xlink:to="us-gaap_ExtractiveIndustriesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ExtractiveIndustriesAbstract_lbl" xml:lang="en-US">Extractive Industries [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock" xlink:label="us-gaap_CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock" xlink:to="us-gaap_CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock_lbl" xml:lang="en-US">Oil and Gas Costs</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareAbstract_2_lbl" xml:lang="en-US">Earnings Per Share [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="us-gaap_EarningsPerShareTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareTextBlock" xlink:to="us-gaap_EarningsPerShareTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xml:lang="en-US">11. (Loss) Income Per Common Share</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityAbstract" xlink:label="us-gaap_EquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityAbstract" xlink:to="us-gaap_EquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityAbstract_lbl" xml:lang="en-US">Equity [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:to="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xml:lang="en-US">Stockholders&#8217; Equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xml:lang="en-US">Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xml:lang="en-US">Stock Options</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="us-gaap_RelatedPartyTransactionsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsAbstract" xlink:to="us-gaap_RelatedPartyTransactionsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xml:lang="en-US">Related Party Transactions [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xml:lang="en-US">Related Party Transactions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xml:lang="en-US">Commitments and Contingencies Disclosure [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsDisclosureTextBlock" xlink:label="us-gaap_CommitmentsDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsDisclosureTextBlock" xlink:to="us-gaap_CommitmentsDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsDisclosureTextBlock_lbl" xml:lang="en-US">15. Lease Commitments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock" xlink:label="us-gaap_ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock" xlink:to="us-gaap_ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock_lbl" xml:lang="en-US">Oil and Gas Reserve Data (Unaudited)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:label="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:to="us-gaap_QuarterlyFinancialInformationDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_QuarterlyFinancialInformationDisclosureAbstract_lbl" xml:lang="en-US">Quarterly Financial Information Disclosure [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_QuarterlyFinancialInformationTextBlock" xlink:label="us-gaap_QuarterlyFinancialInformationTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_QuarterlyFinancialInformationTextBlock" xlink:to="us-gaap_QuarterlyFinancialInformationTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_QuarterlyFinancialInformationTextBlock_lbl" xml:lang="en-US">Selected Quarterly Financial Data (Unaudited)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="us-gaap_ConsolidationPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationPolicyTextBlock" xlink:to="us-gaap_ConsolidationPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xml:lang="en-US">Principles of Consolidation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="us-gaap_UseOfEstimates" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UseOfEstimates" xlink:to="us-gaap_UseOfEstimates_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UseOfEstimates_lbl" xml:lang="en-US">Estimates and Assumptions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:to="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xml:lang="en-US">Cash and Cash Equivalents</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ReceivablesPolicyTextBlock" xlink:label="us-gaap_ReceivablesPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesPolicyTextBlock" xlink:to="us-gaap_ReceivablesPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesPolicyTextBlock_lbl" xml:lang="en-US">Accounts Receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IndustrySpecificPoliciesOilAndGasTextBlock" xlink:label="us-gaap_IndustrySpecificPoliciesOilAndGasTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IndustrySpecificPoliciesOilAndGasTextBlock" xlink:to="us-gaap_IndustrySpecificPoliciesOilAndGasTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IndustrySpecificPoliciesOilAndGasTextBlock_lbl" xml:lang="en-US">Oil and Gas Properties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasPropertiesPolicyPolicyTextBlock" xlink:label="us-gaap_OilAndGasPropertiesPolicyPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasPropertiesPolicyPolicyTextBlock" xlink:to="us-gaap_OilAndGasPropertiesPolicyPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OilAndGasPropertiesPolicyPolicyTextBlock_lbl" xml:lang="en-US">Excluded Costs</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_CeilingTestPolicyPolicyTextBlock" xlink:label="MXC_CeilingTestPolicyPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_CeilingTestPolicyPolicyTextBlock" xlink:to="MXC_CeilingTestPolicyPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_CeilingTestPolicyPolicyTextBlock_lbl" xml:lang="en-US">Ceiling Test</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock" xlink:label="us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock" xlink:to="us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock_lbl" xml:lang="en-US">Depreciation, Depletion and Amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationsPolicy" xlink:label="us-gaap_AssetRetirementObligationsPolicy" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationsPolicy" xlink:to="us-gaap_AssetRetirementObligationsPolicy_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AssetRetirementObligationsPolicy_lbl" xml:lang="en-US">Asset Retirement Obligations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="us-gaap_IncomeTaxPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxPolicyTextBlock" xlink:to="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xml:lang="en-US">Income Taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl" xml:lang="en-US">Other Property and Equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativesPolicyTextBlock" xlink:label="us-gaap_DerivativesPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativesPolicyTextBlock" xlink:to="us-gaap_DerivativesPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DerivativesPolicyTextBlock_lbl" xml:lang="en-US">Derivatives</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerSharePolicyTextBlock" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerSharePolicyTextBlock" xlink:to="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xml:lang="en-US">Income (Loss) Per Common Share</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RevenueRecognitionPolicyTextBlock" xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueRecognitionPolicyTextBlock" xlink:to="us-gaap_RevenueRecognitionPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock_lbl" xml:lang="en-US">Revenue Recognition</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GasBalancingPolicyPolicyTextBlock" xlink:label="us-gaap_GasBalancingPolicyPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GasBalancingPolicyPolicyTextBlock" xlink:to="us-gaap_GasBalancingPolicyPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GasBalancingPolicyPolicyTextBlock_lbl" xml:lang="en-US">Gas Balancing</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:label="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:to="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_lbl" xml:lang="en-US">Stock-based Compensation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:to="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xml:lang="en-US">Recent Accounting Pronouncements</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:label="us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:to="us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock_lbl" xml:lang="en-US">Purchase price was allocated to the assets acquired and liabilities assumed at estimated fair values</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock" xlink:label="us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock" xlink:to="us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock_lbl" xml:lang="en-US">Summary of activity on the Bank of America, N.A. line of credit</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock" xlink:label="us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock" xlink:to="us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock_lbl" xml:lang="en-US">Rollforward of the asset retirement obligations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:to="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xml:lang="en-US">Components of net deferred tax assets (liabilities)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:to="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xml:lang="en-US">Income tax provision constituents</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:to="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xml:lang="en-US">Reconciliation of the provision for income taxes to income taxes computed</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock" xlink:label="us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock" xlink:to="us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock_lbl" xml:lang="en-US">Reconciliation of the beginning and ending balances of unrecognized tax benefits</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_DerivativesTablesAbstract" xlink:label="MXC_DerivativesTablesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_DerivativesTablesAbstract" xlink:to="MXC_DerivativesTablesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_DerivativesTablesAbstract_lbl" xml:lang="en-US">Derivatives Tables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" xlink:label="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" xlink:to="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_lbl" xml:lang="en-US">Open crude oil derivative positions with respect to future production based on NYMEX WTI pricing</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock" xlink:label="us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock" xlink:to="us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_lbl" xml:lang="en-US">Net fair value of the Company&#8217;s derivative assets and liabilities and their locations on the consolidated balance sheet</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock" xlink:to="us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock_lbl" xml:lang="en-US">Loss on derivative instruments included in the consolidated statements of operations</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_CostsRelatedToOilAndGasActivitiesTableTextBlock" xlink:label="MXC_CostsRelatedToOilAndGasActivitiesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_CostsRelatedToOilAndGasActivitiesTableTextBlock" xlink:to="MXC_CostsRelatedToOilAndGasActivitiesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_CostsRelatedToOilAndGasActivitiesTableTextBlock_lbl" xml:lang="en-US">Costs related to our oil and gas activities</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock" xlink:label="MXC_AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock" xlink:to="MXC_AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock_lbl" xml:lang="en-US">Aggregate capitalized costs relating to our oil and gas property activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock_lbl" xml:lang="en-US">Summary of the grant-date fair value of stock options granted and the related assumptions used in the Binomial models for stock options granted</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:label="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:to="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_lbl" xml:lang="en-US">Summary of activity of stock options</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_OtherInformationPertainingToOptionActivityTableTextBlock" xlink:label="MXC_OtherInformationPertainingToOptionActivityTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_OtherInformationPertainingToOptionActivityTableTextBlock" xlink:to="MXC_OtherInformationPertainingToOptionActivityTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_OtherInformationPertainingToOptionActivityTableTextBlock_lbl" xml:lang="en-US">Other information pertaining to option activity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock" xlink:label="us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock" xlink:to="us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock_lbl" xml:lang="en-US">Summary information about options outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherCommitmentsTableTextBlock" xlink:label="us-gaap_OtherCommitmentsTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCommitmentsTableTextBlock" xlink:to="us-gaap_OtherCommitmentsTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherCommitmentsTableTextBlock_lbl" xml:lang="en-US">15. Lease Commitments (Tables)</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ChangesInProvedReservesTableTextBlock" xlink:label="MXC_ChangesInProvedReservesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_ChangesInProvedReservesTableTextBlock" xlink:to="MXC_ChangesInProvedReservesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_ChangesInProvedReservesTableTextBlock_lbl" xml:lang="en-US">Changes in Proved Reserves:</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock" xlink:label="MXC_SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock" xlink:to="MXC_SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock_lbl" xml:lang="en-US">Summary of Proved Developed and Undeveloped Reserves</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ProgressOfConvertingProvedUndevelopedReservesTableTextBlock" xlink:label="MXC_ProgressOfConvertingProvedUndevelopedReservesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_ProgressOfConvertingProvedUndevelopedReservesTableTextBlock" xlink:to="MXC_ProgressOfConvertingProvedUndevelopedReservesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_ProgressOfConvertingProvedUndevelopedReservesTableTextBlock_lbl" xml:lang="en-US">Progress of Converting Proved Undeveloped Reserves:</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock" xlink:label="MXC_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock" xlink:to="MXC_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock_lbl" xml:lang="en-US">Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves:</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock" xlink:label="MXC_ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock" xlink:to="MXC_ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock_lbl" xml:lang="en-US">Changes in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:label="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:to="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock_lbl" xml:lang="en-US">Selected Quarterly Financial Data</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ProvedOilAndGasProperties" xlink:label="MXC_ProvedOilAndGasProperties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_ProvedOilAndGasProperties" xlink:to="MXC_ProvedOilAndGasProperties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_ProvedOilAndGasProperties_lbl" xml:lang="en-US">Proved oil and gas properties</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AccountsReceivable" xlink:label="MXC_AccountsReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_AccountsReceivable" xlink:to="MXC_AccountsReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_AccountsReceivable_lbl" xml:lang="en-US">Accounts receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_TotalAssetsAcquired" xlink:label="MXC_TotalAssetsAcquired" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_TotalAssetsAcquired" xlink:to="MXC_TotalAssetsAcquired_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_TotalAssetsAcquired_lbl" xml:lang="en-US">Total assets acquired</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AccountsPayable" xlink:label="MXC_AccountsPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_AccountsPayable" xlink:to="MXC_AccountsPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_AccountsPayable_lbl" xml:lang="en-US">Accounts payable</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations" xlink:label="MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations" xlink:to="MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations_lbl" xml:lang="en-US">Asset retirement obligations assumed</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_NetPurchasePrice" xlink:label="MXC_NetPurchasePrice" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_NetPurchasePrice" xlink:to="MXC_NetPurchasePrice_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_NetPurchasePrice_lbl" xml:lang="en-US">Net purchase price</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCredit" xlink:label="us-gaap_LineOfCredit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCredit" xlink:to="us-gaap_LineOfCredit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_LineOfCredit_lbl" xml:lang="en-US">Balance at April 1, 2014:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromLinesOfCredit" xlink:label="us-gaap_ProceedsFromLinesOfCredit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromLinesOfCredit" xlink:to="us-gaap_ProceedsFromLinesOfCredit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromLinesOfCredit_lbl" xml:lang="en-US">Borrowings</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RepaymentsOfLinesOfCredit" xlink:label="us-gaap_RepaymentsOfLinesOfCredit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLinesOfCredit" xlink:to="us-gaap_RepaymentsOfLinesOfCredit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RepaymentsOfLinesOfCredit_lbl" xml:lang="en-US">Repayments</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCredit" xlink:to="us-gaap_LineOfCredit_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_LineOfCredit_2_lbl" xml:lang="en-US">Balance at March 31, 2015:</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_RollforwardOfAssetRetirementObligationsDetailsAbstract" xlink:label="MXC_RollforwardOfAssetRetirementObligationsDetailsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_RollforwardOfAssetRetirementObligationsDetailsAbstract" xlink:to="MXC_RollforwardOfAssetRetirementObligationsDetailsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_RollforwardOfAssetRetirementObligationsDetailsAbstract_lbl" xml:lang="en-US">Rollforward Of Asset Retirement Obligations Details</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationCurrent" xlink:label="us-gaap_AssetRetirementObligationCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationCurrent" xlink:to="us-gaap_AssetRetirementObligationCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_AssetRetirementObligationCurrent_lbl" xml:lang="en-US">Carrying amount of asset retirement obligations as of April 1</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationLiabilitiesIncurred" xlink:label="us-gaap_AssetRetirementObligationLiabilitiesIncurred" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationLiabilitiesIncurred" xlink:to="us-gaap_AssetRetirementObligationLiabilitiesIncurred_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationLiabilitiesIncurred_lbl" xml:lang="en-US">Liabilities incurred</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationLiabilitiesSettled" xlink:label="us-gaap_AssetRetirementObligationLiabilitiesSettled" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationLiabilitiesSettled" xlink:to="us-gaap_AssetRetirementObligationLiabilitiesSettled_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationLiabilitiesSettled_lbl" xml:lang="en-US">Liabilities settled</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationAccretionExpense" xlink:to="us-gaap_AssetRetirementObligationAccretionExpense_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AssetRetirementObligationAccretionExpense_2_lbl" xml:lang="en-US">Accretion expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationCurrent" xlink:to="us-gaap_AssetRetirementObligationCurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_AssetRetirementObligationCurrent_2_lbl" xml:lang="en-US">Carrying amount of asset retirement obligations as of March 31</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationCashPaidToSettle" xlink:label="us-gaap_AssetRetirementObligationCashPaidToSettle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationCashPaidToSettle" xlink:to="us-gaap_AssetRetirementObligationCashPaidToSettle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationCashPaidToSettle_lbl" xml:lang="en-US">Less: Current portion</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationPeriodIncreaseDecrease" xlink:label="us-gaap_AssetRetirementObligationPeriodIncreaseDecrease" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationPeriodIncreaseDecrease" xlink:to="us-gaap_AssetRetirementObligationPeriodIncreaseDecrease_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationPeriodIncreaseDecrease_lbl" xml:lang="en-US">Non-Current asset retirement obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ComponentsOfDeferredTaxAssetsAbstract" xlink:label="us-gaap_ComponentsOfDeferredTaxAssetsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComponentsOfDeferredTaxAssetsAbstract" xlink:to="us-gaap_ComponentsOfDeferredTaxAssetsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComponentsOfDeferredTaxAssetsAbstract_lbl" xml:lang="en-US">Deferred tax assets:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsCapitalLossCarryforwards" xlink:label="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards" xlink:to="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsCapitalLossCarryforwards_lbl" xml:lang="en-US">Percentage depletion carryforwards</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:to="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost_lbl" xml:lang="en-US">Deferred stock-based compensation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations" xlink:to="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations_lbl" xml:lang="en-US">Asset retirement obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:to="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_lbl" xml:lang="en-US">Net operating loss</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsDerivativeInstruments" xlink:label="us-gaap_DeferredTaxAssetsDerivativeInstruments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsDerivativeInstruments" xlink:to="us-gaap_DeferredTaxAssetsDerivativeInstruments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredTaxAssetsDerivativeInstruments_lbl" xml:lang="en-US">Derivative instruments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsOther" xlink:label="us-gaap_DeferredTaxAssetsOther" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsOther" xlink:to="us-gaap_DeferredTaxAssetsOther_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredTaxAssetsOther_lbl" xml:lang="en-US">Other</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="us-gaap_DeferredTaxAssetsNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNet" xlink:to="us-gaap_DeferredTaxAssetsNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredTaxAssetsNet_lbl" xml:lang="en-US">Total deferred tax assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract" xlink:label="us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract" xlink:to="us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract_lbl" xml:lang="en-US">Deferred tax liabilities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:label="us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:to="us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment_lbl" xml:lang="en-US">Excess financial accounting bases over tax bases of property and equipment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="us-gaap_DeferredTaxLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilities" xlink:to="us-gaap_DeferredTaxLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="us-gaap_DeferredTaxLiabilities_lbl" xml:lang="en-US">Net deferred tax liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TaxCreditCarryforwardAmount" xlink:label="us-gaap_TaxCreditCarryforwardAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TaxCreditCarryforwardAmount" xlink:to="us-gaap_TaxCreditCarryforwardAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TaxCreditCarryforwardAmount_lbl" xml:lang="en-US">Statutory depletion carryforward</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="us-gaap_OperatingLossCarryforwards" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLossCarryforwards" xlink:to="us-gaap_OperatingLossCarryforwards_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLossCarryforwards_lbl" xml:lang="en-US">Net operating loss carryforward</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ExpirationDateOperatingLossCarryforward" xlink:label="MXC_ExpirationDateOperatingLossCarryforward" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_ExpirationDateOperatingLossCarryforward" xlink:to="MXC_ExpirationDateOperatingLossCarryforward_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_ExpirationDateOperatingLossCarryforward_lbl" xml:lang="en-US">Expiration date, operating loss carryforward</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilityForUncertainTaxPositionsCurrent" xlink:label="us-gaap_LiabilityForUncertainTaxPositionsCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForUncertainTaxPositionsCurrent" xlink:to="us-gaap_LiabilityForUncertainTaxPositionsCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_LiabilityForUncertainTaxPositionsCurrent_lbl" xml:lang="en-US">Uncertain tax positions</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_IncomeTaxProvisionDetailsAbstract" xlink:label="MXC_IncomeTaxProvisionDetailsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_IncomeTaxProvisionDetailsAbstract" xlink:to="MXC_IncomeTaxProvisionDetailsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_IncomeTaxProvisionDetailsAbstract_lbl" xml:lang="en-US">Income Tax Provision Details</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:to="us-gaap_CurrentIncomeTaxExpenseBenefit_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefit_2_lbl" xml:lang="en-US">Current income tax expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_2_lbl" xml:lang="en-US">Total income tax provision:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:to="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xml:lang="en-US">Effective tax rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate" xlink:label="us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate" xlink:to="us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_lbl" xml:lang="en-US">Tax expense at federal statutory rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities" xlink:label="us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities" xlink:to="us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities_lbl" xml:lang="en-US">Statutory depletion carryforward</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate" xlink:label="us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate" xlink:to="us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate_lbl" xml:lang="en-US">Effect of graduated rates</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:label="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:to="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_lbl" xml:lang="en-US">Permanent differences</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationTaxCredits" xlink:label="us-gaap_IncomeTaxReconciliationTaxCredits" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationTaxCredits" xlink:to="us-gaap_IncomeTaxReconciliationTaxCredits_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="us-gaap_IncomeTaxReconciliationTaxCredits_lbl" xml:lang="en-US">Total income tax (benefit) expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:to="us-gaap_EffectiveIncomeTaxRateContinuingOperations_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations_2_lbl" xml:lang="en-US">Effective income tax rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="us-gaap_UnrecognizedTaxBenefits" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefits" xlink:to="us-gaap_UnrecognizedTaxBenefits_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xml:lang="en-US">Unrecognized tax benefits at beginning of period</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions_lbl" xml:lang="en-US">Additions based on tax positions related to the current year</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_lbl" xml:lang="en-US">Changes to tax positions of prior years</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities_lbl" xml:lang="en-US">Settlements</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:label="us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:to="us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_lbl" xml:lang="en-US">Expirations</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefits" xlink:to="us-gaap_UnrecognizedTaxBenefits_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_UnrecognizedTaxBenefits_2_lbl" xml:lang="en-US">Unrecognized tax benefits at end of period</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_DerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" xlink:label="MXC_DerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_DerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" xlink:to="MXC_DerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_DerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract_lbl" xml:lang="en-US">Derivatives - Net Fair Value Of Companys Derivative Assets And Liabilities Details</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="us-gaap_DerivativeAssetsCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeAssetsCurrent" xlink:to="us-gaap_DerivativeAssetsCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeAssetsCurrent_lbl" xml:lang="en-US">Current assets: Derivative instruments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="us-gaap_DerivativeAssetsNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeAssetsNoncurrent" xlink:to="us-gaap_DerivativeAssetsNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeAssetsNoncurrent_lbl" xml:lang="en-US">Noncurrent assets: Derivative instruments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="us-gaap_DerivativeAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeAssets" xlink:to="us-gaap_DerivativeAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DerivativeAssets_lbl" xml:lang="en-US">Total assets</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_CurrentLiabilitiesDerivativeInstruments" xlink:label="MXC_CurrentLiabilitiesDerivativeInstruments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_CurrentLiabilitiesDerivativeInstruments" xlink:to="MXC_CurrentLiabilitiesDerivativeInstruments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_CurrentLiabilitiesDerivativeInstruments_lbl" xml:lang="en-US">Current liabilities: Derivative instruments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="us-gaap_DerivativeLiabilitiesNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilitiesNoncurrent" xlink:to="us-gaap_DerivativeLiabilitiesNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilitiesNoncurrent_lbl" xml:lang="en-US">Noncurrent liabilities: Derivative instruments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="us-gaap_DerivativeLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilities" xlink:to="us-gaap_DerivativeLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DerivativeLiabilities_lbl" xml:lang="en-US">Total Liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_DerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract" xlink:label="MXC_DerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_DerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract" xlink:to="MXC_DerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_DerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract_lbl" xml:lang="en-US">Derivatives - Loss On Derivative Instruments Included In Consolidated Statements Of Operations Details</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivativesAndCommodityContracts" xlink:label="us-gaap_UnrealizedGainLossOnDerivativesAndCommodityContracts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrealizedGainLossOnDerivativesAndCommodityContracts" xlink:to="us-gaap_UnrealizedGainLossOnDerivativesAndCommodityContracts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrealizedGainLossOnDerivativesAndCommodityContracts_lbl" xml:lang="en-US">Unrealized loss on open non-hedge derivative instruments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:label="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:to="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_lbl" xml:lang="en-US">Gain (loss) on settlement of non-hedge derivative instruments</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:to="us-gaap_GainLossOnDerivativeInstrumentsNetPretax_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_GainLossOnDerivativeInstrumentsNetPretax_2_lbl" xml:lang="en-US">Total gain (loss) on derivative instruments</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_MajorCustomerPercentOfTotalOilAndGasRevenues" xlink:label="MXC_MajorCustomerPercentOfTotalOilAndGasRevenues" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_MajorCustomerPercentOfTotalOilAndGasRevenues" xlink:to="MXC_MajorCustomerPercentOfTotalOilAndGasRevenues_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_MajorCustomerPercentOfTotalOilAndGasRevenues_lbl" xml:lang="en-US">Major customer, percent of total oil and gas revenues</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_MajorCustomerPercentOfTotalOilAndGasReceivable" xlink:label="MXC_MajorCustomerPercentOfTotalOilAndGasReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_MajorCustomerPercentOfTotalOilAndGasReceivable" xlink:to="MXC_MajorCustomerPercentOfTotalOilAndGasReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_MajorCustomerPercentOfTotalOilAndGasReceivable_lbl" xml:lang="en-US">Major customer, total oil and gas accounts receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_MajorCustomerQuantity" xlink:label="MXC_MajorCustomerQuantity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_MajorCustomerQuantity" xlink:to="MXC_MajorCustomerQuantity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_MajorCustomerQuantity_lbl" xml:lang="en-US">Major customer, quantity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:to="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract_lbl" xml:lang="en-US">Property acquisition costs:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves" xlink:to="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves_lbl" xml:lang="en-US">Proved</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties" xlink:label="us-gaap_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties" xlink:to="us-gaap_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties_lbl" xml:lang="en-US">Unproved</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredExplorationCosts" xlink:label="us-gaap_CostsIncurredExplorationCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredExplorationCosts" xlink:to="us-gaap_CostsIncurredExplorationCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsIncurredExplorationCosts_lbl" xml:lang="en-US">Exploration</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredDevelopmentCosts" xlink:label="us-gaap_CostsIncurredDevelopmentCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredDevelopmentCosts" xlink:to="us-gaap_CostsIncurredDevelopmentCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsIncurredDevelopmentCosts_lbl" xml:lang="en-US">Development</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAssetRetirementObligationIncurred" xlink:label="us-gaap_CostsIncurredAssetRetirementObligationIncurred" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredAssetRetirementObligationIncurred" xlink:to="us-gaap_CostsIncurredAssetRetirementObligationIncurred_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsIncurredAssetRetirementObligationIncurred_lbl" xml:lang="en-US">Capitalized asset retirement obligations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties" xlink:to="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties_lbl" xml:lang="en-US">Total costs incurred for oil and gas properties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsProvedProperties" xlink:label="us-gaap_CapitalizedCostsProvedProperties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsProvedProperties" xlink:to="us-gaap_CapitalizedCostsProvedProperties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CapitalizedCostsProvedProperties_lbl" xml:lang="en-US">Proved oil and gas properties</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_UnprovedOilAndGasProperties" xlink:label="MXC_UnprovedOilAndGasProperties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_UnprovedOilAndGasProperties" xlink:to="MXC_UnprovedOilAndGasProperties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_UnprovedOilAndGasProperties_lbl" xml:lang="en-US">Unproved oil and gas properties:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AcquisitionCostsCumulative" xlink:label="us-gaap_AcquisitionCostsCumulative" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AcquisitionCostsCumulative" xlink:to="us-gaap_AcquisitionCostsCumulative_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AcquisitionCostsCumulative_lbl" xml:lang="en-US">subject to amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative" xlink:label="us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative" xlink:to="us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative_lbl" xml:lang="en-US">not subject to amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross" xlink:to="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross_lbl" xml:lang="en-US">total</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" xlink:label="us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" xlink:to="us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities_lbl" xml:lang="en-US">Less accumulated DD&amp;A</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet" xlink:to="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AmortizationExpensePerPhysicalUnitOfProduction" xlink:label="us-gaap_AmortizationExpensePerPhysicalUnitOfProduction" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationExpensePerPhysicalUnitOfProduction" xlink:to="us-gaap_AmortizationExpensePerPhysicalUnitOfProduction_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_AmortizationExpensePerPhysicalUnitOfProduction_lbl" xml:lang="en-US">DD&amp;A per mcfe of production</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_LossIncomePerCommonShareDetailsAbstract" xlink:label="MXC_LossIncomePerCommonShareDetailsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_LossIncomePerCommonShareDetailsAbstract" xlink:to="MXC_LossIncomePerCommonShareDetailsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_LossIncomePerCommonShareDetailsAbstract_lbl" xml:lang="en-US">Loss Income Per Common Share Details</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="us-gaap_EarningsPerShareBasicAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAbstract" xlink:to="us-gaap_EarningsPerShareBasicAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasicAbstract_lbl" xml:lang="en-US">Shares outstanding:</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_2_lbl" xml:lang="en-US">Weighted avg. common shares outstanding &#8211; basic</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_EffectOfAssumedExerciseOfDilutiveStockOptions" xlink:label="MXC_EffectOfAssumedExerciseOfDilutiveStockOptions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_EffectOfAssumedExerciseOfDilutiveStockOptions" xlink:to="MXC_EffectOfAssumedExerciseOfDilutiveStockOptions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_EffectOfAssumedExerciseOfDilutiveStockOptions_lbl" xml:lang="en-US">Effect of the assumed exercise of dilutive stock options</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_2_lbl" xml:lang="en-US">Weighted avg. common shares outstanding &#8211; dilutive</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedDuringPeriodShares" xlink:to="us-gaap_StockRepurchasedDuringPeriodShares_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_2_lbl" xml:lang="en-US">Shares repurchased for treasury</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedDuringPeriodValue" xlink:to="us-gaap_StockRepurchasedDuringPeriodValue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_2_lbl" xml:lang="en-US">Cost of stock repurchased</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:to="us-gaap_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1_lbl" xml:lang="en-US">Stock repurchase amount authorized</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US">Grant-date fair value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_lbl" xml:lang="en-US">Volatility factor</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_lbl" xml:lang="en-US">Dividend yield</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_lbl" xml:lang="en-US">Risk-free interest rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_lbl" xml:lang="en-US">Expected term (in years)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xml:lang="en-US">Shares outstanding, beginning</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xml:lang="en-US">Number of shares granted</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_2_lbl" xml:lang="en-US">Number of shares exercised</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_lbl" xml:lang="en-US">Shares forfeited or expired</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_2_lbl" xml:lang="en-US">Shares outstanding, end</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_lbl" xml:lang="en-US">Options Vested</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_lbl" xml:lang="en-US">Options Exercisable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl" xml:lang="en-US">Options Outstanding, Weighted Average Exercise Price Per Share, beginning</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_2_lbl" xml:lang="en-US">Options Outstanding, Weighted Average Exercise Price Per Share, end</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_lbl" xml:lang="en-US">Options Outstanding, Weighted Aggregate Average Remaining Contract Life in Years</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xml:lang="en-US">Options Outstanding, Intrinsic Value, beginning</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_2_lbl" xml:lang="en-US">Options Outstanding, Intrinsic Value, end</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xml:lang="en-US">Options Granted, Weighted Average Exercise Price Per Share</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_lbl" xml:lang="en-US">Options Exercised, Weighted Average Exercise Price Per Share</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_lbl" xml:lang="en-US">Options Forfeited or Expired, Weighted Average Exercise Price Per Share</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_lbl" xml:lang="en-US">Options Vested, Weighted Average Exercise Price Per Share</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_lbl" xml:lang="en-US">Options Vested, Weighted Aggregate Average Remaining Contract Life in Years</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_lbl" xml:lang="en-US">Options Vested, Intrinsic Value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice_lbl" xml:lang="en-US">Options Exercisable, Weighted Average Exercise Price Per Share</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1_lbl" xml:lang="en-US">Options Exercisable, Weighted Aggregate Average Remaining Contract Life in Years</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_lbl" xml:lang="en-US">Options Exercisable, Intrinsic Value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US">Weighted average grant-date fair value of stock options granted (per share)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_lbl" xml:lang="en-US">Total fair value of options vested</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_lbl" xml:lang="en-US">Total intrinsic value of options exercised</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_2_lbl" xml:lang="en-US">Exercise Price Range [Axis]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_3_lbl" xml:lang="en-US">Number of options outstanding</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_3_lbl" xml:lang="en-US">Weighted Average Exercise Price Per Share</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_2_lbl" xml:lang="en-US">Weighted Average Remaining Contract Life in Years</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_3_lbl" xml:lang="en-US">Aggregate Intrinsic Value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllocatedShareBasedCompensationExpense" xlink:to="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xml:lang="en-US">Compensation expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions_lbl" xml:lang="en-US">Total cost related to non-vested awards</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_lbl" xml:lang="en-US">Non-vested awards, weighted average period of recognition</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_3_lbl" xml:lang="en-US">Exercised options</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_2_lbl" xml:lang="en-US">Option exercise price</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromStockOptionsExercised" xlink:to="us-gaap_ProceedsFromStockOptionsExercised_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ProceedsFromStockOptionsExercised_2_lbl" xml:lang="en-US">Proceeds from options exercised</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ExercisedOptionsResultingInDisqualifyingDisposition" xlink:label="MXC_ExercisedOptionsResultingInDisqualifyingDisposition" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_ExercisedOptionsResultingInDisqualifyingDisposition" xlink:to="MXC_ExercisedOptionsResultingInDisqualifyingDisposition_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_ExercisedOptionsResultingInDisqualifyingDisposition_lbl" xml:lang="en-US">Exercised options resulting in a disqualifying disposition</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_lbl" xml:lang="en-US">Options outstanding, exercise price, high</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" xlink:to="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit_lbl" xml:lang="en-US">Options outstanding, exercise price, low</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:label="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:to="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty_lbl" xml:lang="en-US">Shared office expenditures in addition to administrative and operating expenses paid on behalf of the majority stockholder</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_LeaseCommitmentsDetailsAbstract" xlink:label="MXC_LeaseCommitmentsDetailsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_LeaseCommitmentsDetailsAbstract" xlink:to="MXC_LeaseCommitmentsDetailsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_LeaseCommitmentsDetailsAbstract_lbl" xml:lang="en-US">Lease Commitments Details</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherCommitmentDueInNextTwelveMonths" xlink:label="us-gaap_OtherCommitmentDueInNextTwelveMonths" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCommitmentDueInNextTwelveMonths" xlink:to="us-gaap_OtherCommitmentDueInNextTwelveMonths_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherCommitmentDueInNextTwelveMonths_lbl" xml:lang="en-US">Fiscal Year 2016</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherCommitmentDueInSecondYear" xlink:label="us-gaap_OtherCommitmentDueInSecondYear" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCommitmentDueInSecondYear" xlink:to="us-gaap_OtherCommitmentDueInSecondYear_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherCommitmentDueInSecondYear_lbl" xml:lang="en-US">Fiscal Year 2017</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesNet" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvedDevelopedAndUndevelopedReservesNet" xlink:to="us-gaap_ProvedDevelopedAndUndevelopedReservesNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesNet_lbl" xml:lang="en-US">Developed and Undeveloped Reserves</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease" xlink:to="us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease_lbl" xml:lang="en-US">Revision of previous estimates</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace" xlink:to="us-gaap_ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace_lbl" xml:lang="en-US">Purchase of minerals in place</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions" xlink:to="us-gaap_ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions_lbl" xml:lang="en-US">Extensions and discoveries</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace" xlink:to="us-gaap_ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace_lbl" xml:lang="en-US">Sales of minerals in place</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesProduction" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesProduction" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvedDevelopedAndUndevelopedReservesProduction" xlink:to="us-gaap_ProvedDevelopedAndUndevelopedReservesProduction_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesProduction_lbl" xml:lang="en-US">Production</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedReservesVolume" xlink:label="us-gaap_ProvedDevelopedReservesVolume" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvedDevelopedReservesVolume" xlink:to="us-gaap_ProvedDevelopedReservesVolume_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProvedDevelopedReservesVolume_lbl" xml:lang="en-US">Proved Developed Reserves</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedUndevelopedReserveVolume" xlink:label="us-gaap_ProvedUndevelopedReserveVolume" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvedUndevelopedReserveVolume" xlink:to="us-gaap_ProvedUndevelopedReserveVolume_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProvedUndevelopedReserveVolume_lbl" xml:lang="en-US">Proved Undeveloped Reserves</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvedUndevelopedReserveVolume" xlink:to="us-gaap_ProvedUndevelopedReserveVolume_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_ProvedUndevelopedReserveVolume_2_lbl" xml:lang="en-US">PUDs, beginning of year</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ConversionsToPdReserves" xlink:label="MXC_ConversionsToPdReserves" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_ConversionsToPdReserves" xlink:to="MXC_ConversionsToPdReserves_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_ConversionsToPdReserves_lbl" xml:lang="en-US">Conversions to PD reserves</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AdditionalPudsAdded" xlink:label="MXC_AdditionalPudsAdded" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_AdditionalPudsAdded" xlink:to="MXC_AdditionalPudsAdded_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_AdditionalPudsAdded_lbl" xml:lang="en-US">Additional PUDs added</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvedUndevelopedReserveVolume" xlink:to="us-gaap_ProvedUndevelopedReserveVolume_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ProvedUndevelopedReserveVolume_3_lbl" xml:lang="en-US">PUDs, end of year</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_PudsBeginningOfYearFutureDevelopmentCosts" xlink:label="MXC_PudsBeginningOfYearFutureDevelopmentCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_PudsBeginningOfYearFutureDevelopmentCosts" xlink:to="MXC_PudsBeginningOfYearFutureDevelopmentCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="MXC_PudsBeginningOfYearFutureDevelopmentCosts_lbl" xml:lang="en-US">PUDs, beginning of year, Future Development Costs</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_RevisionOfPreviousEstimatesFutureDevelopmentCosts" xlink:label="MXC_RevisionOfPreviousEstimatesFutureDevelopmentCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_RevisionOfPreviousEstimatesFutureDevelopmentCosts" xlink:to="MXC_RevisionOfPreviousEstimatesFutureDevelopmentCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_RevisionOfPreviousEstimatesFutureDevelopmentCosts_lbl" xml:lang="en-US">Revision of previous estimates, Future Development Costs</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ConversionsToPdReservesFutureDevelopmentCosts" xlink:label="MXC_ConversionsToPdReservesFutureDevelopmentCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_ConversionsToPdReservesFutureDevelopmentCosts" xlink:to="MXC_ConversionsToPdReservesFutureDevelopmentCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_ConversionsToPdReservesFutureDevelopmentCosts_lbl" xml:lang="en-US">Conversions to PD reserves, Future Development Costs</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AdditionalPudsAddedFutureDevelopmentCosts" xlink:label="MXC_AdditionalPudsAddedFutureDevelopmentCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_AdditionalPudsAddedFutureDevelopmentCosts" xlink:to="MXC_AdditionalPudsAddedFutureDevelopmentCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_AdditionalPudsAddedFutureDevelopmentCosts_lbl" xml:lang="en-US">Additional PUDs added, Future Development Costs</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_PudsBeginningOfYearFutureDevelopmentCosts" xlink:to="MXC_PudsBeginningOfYearFutureDevelopmentCosts_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="MXC_PudsBeginningOfYearFutureDevelopmentCosts_2_lbl" xml:lang="en-US">PUDs, end of year, Future Development Costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows" xlink:to="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows_lbl" xml:lang="en-US">Future cash inflows</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts" xlink:to="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts_lbl" xml:lang="en-US">Future production costs and taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" xlink:to="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts_lbl" xml:lang="en-US">Future development costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense" xlink:to="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense_lbl" xml:lang="en-US">Future income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" xlink:to="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows_lbl" xml:lang="en-US">Future net cash flows</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows" xlink:to="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows_lbl" xml:lang="en-US">Annual 10% discount for estimated timing of cash flows</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" xlink:to="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves_lbl" xml:lang="en-US">Standardized measure of discounted future net cash flows</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts" xlink:label="us-gaap_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts" xlink:to="us-gaap_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts_lbl" xml:lang="en-US">Sales of oil and gas produced, net of production costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts" xlink:label="us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts" xlink:to="us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts_lbl" xml:lang="en-US">Net changes in price and production costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts" xlink:label="us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts" xlink:to="us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts_lbl" xml:lang="en-US">Changes in previously estimated development costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RevisionsOfPreviousQuantityEstimates" xlink:label="us-gaap_RevisionsOfPreviousQuantityEstimates" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevisionsOfPreviousQuantityEstimates" xlink:to="us-gaap_RevisionsOfPreviousQuantityEstimates_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevisionsOfPreviousQuantityEstimates_lbl" xml:lang="en-US">Revisions of quantity estimates</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDueToPurchasesOfMineralsInPlace" xlink:label="us-gaap_IncreaseDueToPurchasesOfMineralsInPlace" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDueToPurchasesOfMineralsInPlace" xlink:to="us-gaap_IncreaseDueToPurchasesOfMineralsInPlace_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDueToPurchasesOfMineralsInPlace_lbl" xml:lang="en-US">Net change due to purchases and sales of minerals in place</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts" xlink:label="us-gaap_ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts" xlink:to="us-gaap_ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts_lbl" xml:lang="en-US">Extensions and discoveries, less related costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" xlink:label="us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" xlink:to="us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves_lbl" xml:lang="en-US">Net change in income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccretionOfDiscount" xlink:label="us-gaap_AccretionOfDiscount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccretionOfDiscount" xlink:to="us-gaap_AccretionOfDiscount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccretionOfDiscount_lbl" xml:lang="en-US">Accretion of discount</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther" xlink:to="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther_lbl" xml:lang="en-US">Changes in timing of estimated cash flows and other</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:to="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease_lbl" xml:lang="en-US">Changes in standardized measure</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" xlink:to="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves_2_lbl" xml:lang="en-US">Standardized measure, beginning of year</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" xlink:to="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves_3_lbl" xml:lang="en-US">Standardized measure, end of year</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" xlink:to="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts_2_lbl" xml:lang="en-US">future cash flows estimated to be spent to develop our share of proved undeveloped properties through March 31, 2020</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AveragePriceUsedPerBbl" xlink:label="MXC_AveragePriceUsedPerBbl" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_AveragePriceUsedPerBbl" xlink:to="MXC_AveragePriceUsedPerBbl_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_AveragePriceUsedPerBbl_lbl" xml:lang="en-US">average prices used, per bbl</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AveragePricesUsedPerMcf" xlink:label="MXC_AveragePricesUsedPerMcf" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_AveragePricesUsedPerMcf" xlink:to="MXC_AveragePricesUsedPerMcf_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_AveragePricesUsedPerMcf_lbl" xml:lang="en-US">average prices used, per mcf</link:label>
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SelectedQuarterlyFinancialDataAbstract" xlink:label="MXC_SelectedQuarterlyFinancialDataAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_SelectedQuarterlyFinancialDataAbstract" xlink:to="MXC_SelectedQuarterlyFinancialDataAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_SelectedQuarterlyFinancialDataAbstract_lbl" xml:lang="en-US">Selected Quarterly Financial Data Details</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasRevenue" xlink:label="us-gaap_OilAndGasRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasRevenue" xlink:to="us-gaap_OilAndGasRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OilAndGasRevenue_lbl" xml:lang="en-US">Oil and gas revenue</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingIncomeLoss_2_lbl" xml:lang="en-US">Operating profit</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareBasic_2_lbl" xml:lang="en-US">Net (loss) income per share &#8211; basic</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDiluted" xlink:to="us-gaap_EarningsPerShareDiluted_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareDiluted_2_lbl" xml:lang="en-US">Net (loss) income per share &#8211; diluted</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_AssetRetirementObligations" xlink:to="MXC_AssetRetirementObligations_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="MXC_AssetRetirementObligations_doc" xml:lang="en-US">Asset Retirement Obligations [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations" xlink:to="MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations_doc" xml:lang="en-US">Asset retirement obligations assumed</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsCurrent_2_lbl" xml:lang="en-US">Assets, Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_2_lbl" xml:lang="en-US">Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_2_lbl" xml:lang="en-US">Property, Plant and Equipment, Net</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_2_lbl" xml:lang="en-US">Assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesCurrent_2_lbl" xml:lang="en-US">Liabilities, Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_2_lbl" xml:lang="en-US">Liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockValue" xlink:to="us-gaap_TreasuryStockValue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockValue_2_lbl" xml:lang="en-US">Treasury Stock, Value</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_4_lbl" xml:lang="en-US">Stockholders' Equity Attributable to Parent</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_2_lbl" xml:lang="en-US">Liabilities and Equity</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherSalesRevenueNet" xlink:to="us-gaap_OtherSalesRevenueNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherSalesRevenueNet_2_lbl" xml:lang="en-US">Other Revenue, Net</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesRevenueNet" xlink:to="us-gaap_SalesRevenueNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SalesRevenueNet_2_lbl" xml:lang="en-US">Revenue, Net</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsAndExpenses" xlink:to="us-gaap_CostsAndExpenses_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsAndExpenses_2_lbl" xml:lang="en-US">Costs and Expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpense_2_lbl" xml:lang="en-US">Interest Expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpense" xlink:to="us-gaap_NonoperatingIncomeExpense_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingIncomeExpense_2_lbl" xml:lang="en-US">Nonoperating Income (Expense)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssued" xlink:to="us-gaap_SharesIssued_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharesIssued_3_lbl" xml:lang="en-US">Shares, Issued</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_2_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireOilAndGasProperty" xlink:to="us-gaap_PaymentsToAcquireOilAndGasProperty_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireOilAndGasProperty_2_lbl" xml:lang="en-US">Payments to Acquire Oil and Gas Property</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:to="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates_2_lbl" xml:lang="en-US">Payments to Acquire Businesses and Interest in Affiliates</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_2_lbl" xml:lang="en-US">Payments to Acquire Other Property, Plant, and Equipment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForDerivativeInstrumentInvestingActivities" xlink:to="us-gaap_PaymentsForDerivativeInstrumentInvestingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForDerivativeInstrumentInvestingActivities_2_lbl" xml:lang="en-US">Payments for Derivative Instrument, Investing Activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_2_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:to="us-gaap_PaymentsForRepurchaseOfCommonStock_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_2_lbl" xml:lang="en-US">Payments for Repurchase of Common Stock</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLongTermDebt" xlink:to="us-gaap_RepaymentsOfLongTermDebt_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RepaymentsOfLongTermDebt_2_lbl" xml:lang="en-US">Repayments of Long-term Debt</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_2_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_AssetRetirementObligations" xlink:to="MXC_AssetRetirementObligations_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_AssetRetirementObligations_3_lbl" xml:lang="en-US">AssetRetirementObligations</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:to="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_2_lbl" xml:lang="en-US">Derivative Instruments and Hedging Activities Disclosure [Text Block]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationsPolicy" xlink:to="us-gaap_AssetRetirementObligationsPolicy_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationsPolicy_2_lbl" xml:lang="en-US">Asset Retirement Obligations, Policy [Policy Text Block]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxPolicyTextBlock" xlink:to="us-gaap_IncomeTaxPolicyTextBlock_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_2_lbl" xml:lang="en-US">Income Tax, Policy [Policy Text Block]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativesPolicyTextBlock" xlink:to="us-gaap_DerivativesPolicyTextBlock_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativesPolicyTextBlock_2_lbl" xml:lang="en-US">Derivatives, Policy [Policy Text Block]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCredit" xlink:to="us-gaap_LineOfCredit_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCredit_3_lbl" xml:lang="en-US">Long-term Line of Credit</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationCurrent" xlink:to="us-gaap_AssetRetirementObligationCurrent_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationCurrent_3_lbl" xml:lang="en-US">Asset Retirement Obligation, Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsDerivativeInstruments" xlink:to="us-gaap_DeferredTaxAssetsDerivativeInstruments_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsDerivativeInstruments_2_lbl" xml:lang="en-US">Deferred Tax Assets, Derivative Instruments</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsOther" xlink:to="us-gaap_DeferredTaxAssetsOther_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsOther_2_lbl" xml:lang="en-US">Deferred Tax Assets, Other</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNet" xlink:to="us-gaap_DeferredTaxAssetsNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsNet_2_lbl" xml:lang="en-US">Deferred Tax Assets, Net of Valuation Allowance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:to="us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment_2_lbl" xml:lang="en-US">Deferred Tax Liabilities, Property, Plant and Equipment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilities" xlink:to="us-gaap_DeferredTaxLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilities_2_lbl" xml:lang="en-US">Deferred Tax Liabilities, Net</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForUncertainTaxPositionsCurrent" xlink:to="us-gaap_LiabilityForUncertainTaxPositionsCurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForUncertainTaxPositionsCurrent_2_lbl" xml:lang="en-US">Liability for Uncertain Tax Positions, Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities" xlink:to="us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities_2_lbl" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Deduction, Qualified Production Activity, Amount</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationTaxCredits" xlink:to="us-gaap_IncomeTaxReconciliationTaxCredits_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxReconciliationTaxCredits_2_lbl" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Tax Credit, Amount</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefits" xlink:to="us-gaap_UnrecognizedTaxBenefits_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefits_3_lbl" xml:lang="en-US">Unrecognized Tax Benefits</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeAssets" xlink:to="us-gaap_DerivativeAssets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeAssets_2_lbl" xml:lang="en-US">Derivative Asset</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilities" xlink:to="us-gaap_DerivativeLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilities_2_lbl" xml:lang="en-US">Derivative Liability</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties" xlink:to="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties_2_lbl" xml:lang="en-US">Costs Incurred, Acquisition of Oil and Gas Properties</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsProvedProperties" xlink:to="us-gaap_CapitalizedCostsProvedProperties_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedCostsProvedProperties_2_lbl" xml:lang="en-US">Capitalized Costs, Proved Properties</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross" xlink:to="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross_2_lbl" xml:lang="en-US">Capitalized Costs, Oil and Gas Producing Activities, Gross</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet" xlink:to="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet_2_lbl" xml:lang="en-US">Capitalized Costs, Oil and Gas Producing Activities, Net</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationExpensePerPhysicalUnitOfProduction" xlink:to="us-gaap_AmortizationExpensePerPhysicalUnitOfProduction_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationExpensePerPhysicalUnitOfProduction_2_lbl" xml:lang="en-US">Amortization Expense Per Physical Unit of Production</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_2_lbl" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_2_lbl" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_2_lbl" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_2_lbl" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice_2_lbl" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_2_lbl" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions" xlink:to="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions_2_lbl" xml:lang="en-US">Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvedDevelopedAndUndevelopedReservesProduction" xlink:to="us-gaap_ProvedDevelopedAndUndevelopedReservesProduction_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProvedDevelopedAndUndevelopedReservesProduction_2_lbl" xml:lang="en-US">Proved Developed and Undeveloped Reserves, Production</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXC_PudsBeginningOfYearFutureDevelopmentCosts" xlink:to="MXC_PudsBeginningOfYearFutureDevelopmentCosts_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MXC_PudsBeginningOfYearFutureDevelopmentCosts_3_lbl" xml:lang="en-US">PudsBeginningOfYearFutureDevelopmentCosts</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts" xlink:to="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts_2_lbl" xml:lang="en-US">Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Production Costs</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense" xlink:to="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense_2_lbl" xml:lang="en-US">Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Income Tax Expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows" xlink:to="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows_2_lbl" xml:lang="en-US">Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Ten Percent Annual Discount for Estimated Timing of Cash Flows</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:to="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease_2_lbl" xml:lang="en-US">Standardized Measure of Discounted Future Net Cash Flow of Proved Oil and Gas Reserves, Period Increase (Decrease)</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>24
<FILENAME>mxc-20150331_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 4.4a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: http://www.novaworks.co -->
    <!-- Field: Doc-Info; Name: Source; Value: fp0014808_Mexco_10k_xbrl.xfr; Date: 2015%2D06%2D25T16:40:04 -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://mexcoenergy.com/role/DocumentAndEntityInformation" xlink:href="mxc-20150331.xsd#DocumentAndEntityInformation" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedBalanceSheets" xlink:href="mxc-20150331.xsd#ConsolidatedBalanceSheets" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedBalanceSheetsParenthetical" xlink:href="mxc-20150331.xsd#ConsolidatedBalanceSheetsParenthetical" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedStatementsOfOperations" xlink:href="mxc-20150331.xsd#ConsolidatedStatementsOfOperations" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedStatementsOfChangesInStockholdersEquity" xlink:href="mxc-20150331.xsd#ConsolidatedStatementsOfChangesInStockholdersEquity" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/ConsolidatedStatementsOfCashFlows" xlink:href="mxc-20150331.xsd#ConsolidatedStatementsOfCashFlows" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/NatureOfOperations" xlink:href="mxc-20150331.xsd#NatureOfOperations" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPolicies" xlink:href="mxc-20150331.xsd#SummaryOfSignificantAccountingPolicies" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/BusinessCombinations" xlink:href="mxc-20150331.xsd#BusinessCombinations" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/FairValueOfFinancialInstruments" xlink:href="mxc-20150331.xsd#FairValueOfFinancialInstruments" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/CreditFacility" xlink:href="mxc-20150331.xsd#CreditFacility" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/AssetRetirementObligations" xlink:href="mxc-20150331.xsd#AssetRetirementObligations" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxes" xlink:href="mxc-20150331.xsd#IncomeTaxes" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/Derivatives" xlink:href="mxc-20150331.xsd#Derivatives" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/MajorCustomers" xlink:href="mxc-20150331.xsd#MajorCustomers" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCosts" xlink:href="mxc-20150331.xsd#OilAndGasCosts" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LossIncomePerCommonShare" xlink:href="mxc-20150331.xsd#LossIncomePerCommonShare" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockholdersEquity" xlink:href="mxc-20150331.xsd#StockholdersEquity" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions" xlink:href="mxc-20150331.xsd#StockOptions" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/RelatedPartyTransactions" xlink:href="mxc-20150331.xsd#RelatedPartyTransactions" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LeaseCommitments" xlink:href="mxc-20150331.xsd#LeaseCommitments" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData" xlink:href="mxc-20150331.xsd#OilAndGasReserveData" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SelectedQuarterlyFinancialData" xlink:href="mxc-20150331.xsd#SelectedQuarterlyFinancialData" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPoliciesPolicies" xlink:href="mxc-20150331.xsd#SummaryOfSignificantAccountingPoliciesPolicies" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/BusinessCombinationsTables" xlink:href="mxc-20150331.xsd#BusinessCombinationsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/CreditFacilityTables" xlink:href="mxc-20150331.xsd#CreditFacilityTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/AssetRetirementObligationsTables" xlink:href="mxc-20150331.xsd#AssetRetirementObligationsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxesTables" xlink:href="mxc-20150331.xsd#IncomeTaxesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/DerivativesTables" xlink:href="mxc-20150331.xsd#DerivativesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCostsTables" xlink:href="mxc-20150331.xsd#OilAndGasCostsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptionsTables" xlink:href="mxc-20150331.xsd#StockOptionsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LeaseCommitmentsTables" xlink:href="mxc-20150331.xsd#LeaseCommitmentsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveDataTables" xlink:href="mxc-20150331.xsd#OilAndGasReserveDataTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataTables" xlink:href="mxc-20150331.xsd#SelectedQuarterlyFinancialDataTables" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/BusinessCombinations-PurchasePriceWasAllocatedToAssetsAcquiredAndLiabilitiesAssumedAtEstimatedFairValuesDetails" xlink:href="mxc-20150331.xsd#BusinessCombinations-PurchasePriceWasAllocatedToAssetsAcquiredAndLiabilitiesAssumedAtEstimatedFairValuesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/CreditFacility-SummaryOfActivityOnBankOfAmericaN.A.LineOfCreditDetails" xlink:href="mxc-20150331.xsd#CreditFacility-SummaryOfActivityOnBankOfAmericaN.A.LineOfCreditDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/RollforwardOfAssetRetirementObligationsDetails" xlink:href="mxc-20150331.xsd#RollforwardOfAssetRetirementObligationsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxes-ComponentsOfNetDeferredTaxAssetsDetails" xlink:href="mxc-20150331.xsd#IncomeTaxes-ComponentsOfNetDeferredTaxAssetsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxesDetailsNarrative" xlink:href="mxc-20150331.xsd#IncomeTaxesDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxProvisionDetails" xlink:href="mxc-20150331.xsd#IncomeTaxProvisionDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfProvisionForIncomeTaxesToIncomeTaxesComputedDetails" xlink:href="mxc-20150331.xsd#IncomeTaxes-ReconciliationOfProvisionForIncomeTaxesToIncomeTaxesComputedDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfBeginningAndEndingBalancesOfUnrecognizedTaxBenefitsDetails" xlink:href="mxc-20150331.xsd#IncomeTaxes-ReconciliationOfBeginningAndEndingBalancesOfUnrecognizedTaxBenefitsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/Derivatives-NetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetails" xlink:href="mxc-20150331.xsd#Derivatives-NetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/Derivatives-LossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetails" xlink:href="mxc-20150331.xsd#Derivatives-LossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/MajorCustomersDetailsNarrative" xlink:href="mxc-20150331.xsd#MajorCustomersDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCosts-CostsRelatedToOurOilAndGasActivitiesDetails" xlink:href="mxc-20150331.xsd#OilAndGasCosts-CostsRelatedToOurOilAndGasActivitiesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCosts-AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesDetails" xlink:href="mxc-20150331.xsd#OilAndGasCosts-AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasCostsDetailsNarrative" xlink:href="mxc-20150331.xsd#OilAndGasCostsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LossIncomePerCommonShareDetails" xlink:href="mxc-20150331.xsd#LossIncomePerCommonShareDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockholdersEquityDetailsNarrative" xlink:href="mxc-20150331.xsd#StockholdersEquityDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions-SummaryOfGrant-DateFairValueOfStockOptionsGrantedDetails" xlink:href="mxc-20150331.xsd#StockOptions-SummaryOfGrant-DateFairValueOfStockOptionsGrantedDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions-SummaryOfActivityOfStockOptionsDetails" xlink:href="mxc-20150331.xsd#StockOptions-SummaryOfActivityOfStockOptionsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions-OtherInformationPertainingToOptionActivityDetails" xlink:href="mxc-20150331.xsd#StockOptions-OtherInformationPertainingToOptionActivityDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptions-SummaryInformationAboutOptionsOutstandingAtMarch312014Details" xlink:href="mxc-20150331.xsd#StockOptions-SummaryInformationAboutOptionsOutstandingAtMarch312014Details" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/StockOptionsDetailsNarrative" xlink:href="mxc-20150331.xsd#StockOptionsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/RelatedPartyTransactionsDetailsNarrative" xlink:href="mxc-20150331.xsd#RelatedPartyTransactionsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/LeaseCommitmentsDetails" xlink:href="mxc-20150331.xsd#LeaseCommitmentsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInProvedReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-ChangesInProvedReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-SummaryOfProvedDevelopedAndUndevelopedReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-SummaryOfProvedDevelopedAndUndevelopedReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-ProgressOfConvertingProvedUndevelopedReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-ProgressOfConvertingProvedUndevelopedReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDetails" xlink:href="mxc-20150331.xsd#OilAndGasReserveData-ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/OilAndGasReserveDataDetailsNarrative" xlink:href="mxc-20150331.xsd#OilAndGasReserveDataDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataDetails" xlink:href="mxc-20150331.xsd#SelectedQuarterlyFinancialDataDetails" xlink:type="simple" />
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/DocumentAndEntityInformation" xlink:title="00000001 - Document - Document and Entity Information">
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_DocumentAndEntityInformationAbstract" xlink:label="loc_MXCDocumentAndEntityInformationAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiEntityRegistrantName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiEntityCentralIndexKey" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiDocumentType" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiDocumentPeriodEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiAmendmentFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiCurrentFiscalYearEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiEntityWellKnownSeasonedIssuer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiEntityVoluntaryFilers" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiEntityCurrentReportingStatus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiEntityFilerCategory" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiEntityPublicFloat" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiEntityCommonStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiDocumentFiscalPeriodFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDocumentAndEntityInformationAbstract" xlink:to="loc_deiDocumentFiscalYearFocus" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedBalanceSheets" xlink:title="00000002 - Statement - CONSOLIDATED BALANCE SHEETS">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaapStatementOfFinancialPositionAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaapAssetsAbstract" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfFinancialPositionAbstract" xlink:to="loc_us-gaapAssetsAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="loc_us-gaapAssetsCurrentAbstract" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfFinancialPositionAbstract" xlink:to="loc_us-gaapAssetsCurrentAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaapCashAndCashEquivalentsAtCarryingValue" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAssetsCurrentAbstract" xlink:to="loc_us-gaapCashAndCashEquivalentsAtCarryingValue" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsReceivableNetCurrentAbstract" xlink:label="loc_us-gaapAccountsReceivableNetCurrentAbstract" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfFinancialPositionAbstract" xlink:to="loc_us-gaapAccountsReceivableNetCurrentAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasJointInterestBillingReceivablesCurrent" xlink:label="loc_us-gaapOilAndGasJointInterestBillingReceivablesCurrent" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountsReceivableNetCurrentAbstract" xlink:to="loc_us-gaapOilAndGasJointInterestBillingReceivablesCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AccountsReceivableTradeCurrent" xlink:label="loc_MXCAccountsReceivableTradeCurrent" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountsReceivableNetCurrentAbstract" xlink:to="loc_MXCAccountsReceivableTradeCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PrepaidExpenseCurrent" xlink:label="loc_us-gaapPrepaidExpenseCurrent" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountsReceivableNetCurrentAbstract" xlink:to="loc_us-gaapPrepaidExpenseCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaapAssetsCurrent" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountsReceivableNetCurrentAbstract" xlink:to="loc_us-gaapAssetsCurrent" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNetAbstract" xlink:label="loc_us-gaapPropertyPlantAndEquipmentNetAbstract" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfFinancialPositionAbstract" xlink:to="loc_us-gaapPropertyPlantAndEquipmentNetAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasPropertyFullCostMethodGross" xlink:label="loc_us-gaapOilAndGasPropertyFullCostMethodGross" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapPropertyPlantAndEquipmentNetAbstract" xlink:to="loc_us-gaapOilAndGasPropertyFullCostMethodGross" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOther" xlink:label="loc_us-gaapPropertyPlantAndEquipmentOther" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapPropertyPlantAndEquipmentNetAbstract" xlink:to="loc_us-gaapPropertyPlantAndEquipmentOther" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="loc_us-gaapAccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapPropertyPlantAndEquipmentNetAbstract" xlink:to="loc_us-gaapAccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaapPropertyPlantAndEquipmentNet" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapPropertyPlantAndEquipmentNetAbstract" xlink:to="loc_us-gaapPropertyPlantAndEquipmentNet" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetsNoncurrent" xlink:label="loc_us-gaapAssetsNoncurrent" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapPropertyPlantAndEquipmentNetAbstract" xlink:to="loc_us-gaapAssetsNoncurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaapAssets" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapPropertyPlantAndEquipmentNetAbstract" xlink:to="loc_us-gaapAssets" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaapLiabilitiesAndStockholdersEquityAbstract" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfFinancialPositionAbstract" xlink:to="loc_us-gaapLiabilitiesAndStockholdersEquityAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="loc_us-gaapLiabilitiesCurrentAbstract" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfFinancialPositionAbstract" xlink:to="loc_us-gaapLiabilitiesCurrentAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" xlink:label="loc_us-gaapAccountsPayableAndAccruedLiabilitiesCurrent" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapLiabilitiesCurrentAbstract" xlink:to="loc_us-gaapAccountsPayableAndAccruedLiabilitiesCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccruedIncomeTaxesCurrent" xlink:label="loc_us-gaapAccruedIncomeTaxesCurrent" />
      <link:presentationArc order="210" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapLiabilitiesCurrentAbstract" xlink:to="loc_us-gaapAccruedIncomeTaxesCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="loc_us-gaapDerivativeLiabilitiesCurrent" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapLiabilitiesCurrentAbstract" xlink:to="loc_us-gaapDerivativeLiabilitiesCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaapLiabilitiesCurrent" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapLiabilitiesCurrentAbstract" xlink:to="loc_us-gaapLiabilitiesCurrent" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="loc_us-gaapLongTermDebtNoncurrent" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapLiabilitiesCurrentAbstract" xlink:to="loc_us-gaapLongTermDebtNoncurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:label="loc_us-gaapAssetRetirementObligationsNoncurrent" />
      <link:presentationArc order="260" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapLiabilitiesCurrentAbstract" xlink:to="loc_us-gaapAssetRetirementObligationsNoncurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="loc_us-gaapDeferredTaxLiabilitiesNoncurrent" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapLiabilitiesCurrentAbstract" xlink:to="loc_us-gaapDeferredTaxLiabilitiesNoncurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaapLiabilities" />
      <link:presentationArc order="280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapLiabilitiesCurrentAbstract" xlink:to="loc_us-gaapLiabilities" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaapCommitmentsAndContingencies" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapLiabilitiesCurrentAbstract" xlink:to="loc_us-gaapCommitmentsAndContingencies" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="loc_us-gaapStockholdersEquityAbstract" />
      <link:presentationArc order="320" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfFinancialPositionAbstract" xlink:to="loc_us-gaapStockholdersEquityAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="loc_us-gaapPreferredStockValue" />
      <link:presentationArc order="330" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapPreferredStockValue" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaapCommonStockValue" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapCommonStockValue" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="loc_us-gaapAdditionalPaidInCapitalCommonStock" />
      <link:presentationArc order="350" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapAdditionalPaidInCapitalCommonStock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaapRetainedEarningsAccumulatedDeficit" />
      <link:presentationArc order="360" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapRetainedEarningsAccumulatedDeficit" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="loc_us-gaapTreasuryStockValue" />
      <link:presentationArc order="370" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapTreasuryStockValue" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaapStockholdersEquity" />
      <link:presentationArc order="380" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapStockholdersEquity" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaapLiabilitiesAndStockholdersEquity" />
      <link:presentationArc order="390" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapLiabilitiesAndStockholdersEquity" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedBalanceSheetsParenthetical" xlink:title="00000003 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaapStatementOfFinancialPositionAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="loc_us-gaapStockholdersEquityAbstract" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfFinancialPositionAbstract" xlink:to="loc_us-gaapStockholdersEquityAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="loc_us-gaapPreferredStockParOrStatedValuePerShare" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapPreferredStockParOrStatedValuePerShare" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="loc_us-gaapPreferredStockSharesAuthorized" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapPreferredStockSharesAuthorized" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="loc_us-gaapPreferredStockSharesIssued" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapPreferredStockSharesIssued" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="loc_us-gaapPreferredStockSharesOutstanding" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapPreferredStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="loc_us-gaapCommonStockParOrStatedValuePerShare" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapCommonStockParOrStatedValuePerShare" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="loc_us-gaapCommonStockSharesAuthorized" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapCommonStockSharesAuthorized" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaapCommonStockSharesIssued" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapCommonStockSharesIssued" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="loc_us-gaapCommonStockSharesOutstanding" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapCommonStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TreasuryStockShares" xlink:label="loc_us-gaapTreasuryStockShares" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStockholdersEquityAbstract" xlink:to="loc_us-gaapTreasuryStockShares" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedStatementsOfOperations" xlink:title="00000004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="loc_us-gaapIncomeStatementAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesRevenueNetAbstract" xlink:label="loc_us-gaapSalesRevenueNetAbstract" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeStatementAbstract" xlink:to="loc_us-gaapSalesRevenueNetAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasSalesRevenue" xlink:label="loc_us-gaapOilAndGasSalesRevenue" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapSalesRevenueNetAbstract" xlink:to="loc_us-gaapOilAndGasSalesRevenue" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherSalesRevenueNet" xlink:label="loc_us-gaapOtherSalesRevenueNet" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapSalesRevenueNetAbstract" xlink:to="loc_us-gaapOtherSalesRevenueNet" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="loc_us-gaapSalesRevenueNet" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapSalesRevenueNetAbstract" xlink:to="loc_us-gaapSalesRevenueNet" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsAndExpensesAbstract" xlink:label="loc_us-gaapCostsAndExpensesAbstract" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeStatementAbstract" xlink:to="loc_us-gaapCostsAndExpensesAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostOfGoodsSoldOilAndGas" xlink:label="loc_us-gaapCostOfGoodsSoldOilAndGas" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCostsAndExpensesAbstract" xlink:to="loc_us-gaapCostOfGoodsSoldOilAndGas" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationAccretionExpense" xlink:label="loc_us-gaapAssetRetirementObligationAccretionExpense" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCostsAndExpensesAbstract" xlink:to="loc_us-gaapAssetRetirementObligationAccretionExpense" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="loc_us-gaapDepreciationDepletionAndAmortization" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCostsAndExpensesAbstract" xlink:to="loc_us-gaapDepreciationDepletionAndAmortization" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaapGeneralAndAdministrativeExpense" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCostsAndExpensesAbstract" xlink:to="loc_us-gaapGeneralAndAdministrativeExpense" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="loc_us-gaapCostsAndExpenses" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCostsAndExpensesAbstract" xlink:to="loc_us-gaapCostsAndExpenses" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaapOperatingIncomeLoss" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCostsAndExpensesAbstract" xlink:to="loc_us-gaapOperatingIncomeLoss" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NonoperatingIncomeExpenseAbstract" xlink:label="loc_us-gaapNonoperatingIncomeExpenseAbstract" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeStatementAbstract" xlink:to="loc_us-gaapNonoperatingIncomeExpenseAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaapInvestmentIncomeInterest" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNonoperatingIncomeExpenseAbstract" xlink:to="loc_us-gaapInvestmentIncomeInterest" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaapInterestExpense" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNonoperatingIncomeExpenseAbstract" xlink:to="loc_us-gaapInterestExpense" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="loc_us-gaapGainLossOnDerivativeInstrumentsNetPretax" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNonoperatingIncomeExpenseAbstract" xlink:to="loc_us-gaapGainLossOnDerivativeInstrumentsNetPretax" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="loc_us-gaapNonoperatingIncomeExpense" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNonoperatingIncomeExpenseAbstract" xlink:to="loc_us-gaapNonoperatingIncomeExpense" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaapIncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNonoperatingIncomeExpenseAbstract" xlink:to="loc_us-gaapIncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="loc_us-gaapIncomeTaxExpenseBenefitContinuingOperationsAbstract" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeStatementAbstract" xlink:to="loc_us-gaapIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:label="loc_us-gaapCurrentIncomeTaxExpenseBenefit" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:to="loc_us-gaapCurrentIncomeTaxExpenseBenefit" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaapDeferredIncomeTaxExpenseBenefit" />
      <link:presentationArc order="240" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:to="loc_us-gaapDeferredIncomeTaxExpenseBenefit" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaapIncomeTaxExpenseBenefit" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:to="loc_us-gaapIncomeTaxExpenseBenefit" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaapNetIncomeLoss" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:to="loc_us-gaapNetIncomeLoss" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaapEarningsPerShareAbstract" />
      <link:presentationArc order="290" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeStatementAbstract" xlink:to="loc_us-gaapEarningsPerShareAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaapEarningsPerShareBasic" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapEarningsPerShareAbstract" xlink:to="loc_us-gaapEarningsPerShareBasic" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaapEarningsPerShareDiluted" />
      <link:presentationArc order="310" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapEarningsPerShareAbstract" xlink:to="loc_us-gaapEarningsPerShareDiluted" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="loc_us-gaapWeightedAverageNumberOfSharesOutstandingAbstract" />
      <link:presentationArc order="330" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeStatementAbstract" xlink:to="loc_us-gaapWeightedAverageNumberOfSharesOutstandingAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaapWeightedAverageNumberOfSharesOutstandingBasic" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapWeightedAverageNumberOfSharesOutstandingAbstract" xlink:to="loc_us-gaapWeightedAverageNumberOfSharesOutstandingBasic" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaapWeightedAverageNumberOfDilutedSharesOutstanding" />
      <link:presentationArc order="350" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapWeightedAverageNumberOfSharesOutstandingAbstract" xlink:to="loc_us-gaapWeightedAverageNumberOfDilutedSharesOutstanding" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedStatementsOfChangesInStockholdersEquity" xlink:title="00000005 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="loc_us-gaapStatementOfStockholdersEquityAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfStockholdersEquityAbstract" xlink:to="loc_us-gaapStatementTable" order="100" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementLineItems" order="200" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaapStatementEquityComponentsAxis" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementEquityComponentsAxis" order="10" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaapEquityComponentDomain" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementEquityComponentsAxis" xlink:to="loc_us-gaapEquityComponentDomain" order="50" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaapCommonStockMember" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementEquityComponentsAxis" xlink:to="loc_us-gaapCommonStockMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TreasuryStockMember" xlink:label="loc_us-gaapTreasuryStockMember" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementEquityComponentsAxis" xlink:to="loc_us-gaapTreasuryStockMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaapAdditionalPaidInCapitalMember" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementEquityComponentsAxis" xlink:to="loc_us-gaapAdditionalPaidInCapitalMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaapRetainedEarningsMember" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementEquityComponentsAxis" xlink:to="loc_us-gaapRetainedEarningsMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharesIssued" xlink:label="loc_us-gaapSharesIssued" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapSharesIssued" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaapStockholdersEquity" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockholdersEquity" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaapNetIncomeLoss" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapNetIncomeLoss" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:label="loc_us-gaapStockIssuedDuringPeriodValueAcquisitions" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockIssuedDuringPeriodValueAcquisitions" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:label="loc_us-gaapStockIssuedDuringPeriodSharesPurchaseOfAssets" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodValue" xlink:label="loc_us-gaapStockRepurchasedDuringPeriodValue" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockRepurchasedDuringPeriodValue" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares" xlink:label="loc_us-gaapStockRepurchasedDuringPeriodShares" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockRepurchasedDuringPeriodShares" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="loc_us-gaapStockIssuedDuringPeriodValueStockOptionsExercised" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockIssuedDuringPeriodValueStockOptionsExercised" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation" xlink:label="loc_us-gaapAdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapAdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaapShareBasedCompensation" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapShareBasedCompensation" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="loc_us-gaapStockIssuedDuringPeriodSharesStockOptionsExercised" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockIssuedDuringPeriodSharesStockOptionsExercised" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharesIssued" xlink:label="loc_us-gaapSharesIssued_2" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapSharesIssued_2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaapStockholdersEquity_2" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockholdersEquity_2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/ConsolidatedStatementsOfCashFlows" xlink:title="00000006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaapStatementOfCashFlowsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaapNetCashProvidedByUsedInOperatingActivitiesAbstract" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfCashFlowsAbstract" xlink:to="loc_us-gaapNetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaapNetIncomeLoss" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="loc_us-gaapNetIncomeLoss" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaapAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfCashFlowsAbstract" xlink:to="loc_us-gaapAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaapDeferredIncomeTaxExpenseBenefit" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="loc_us-gaapDeferredIncomeTaxExpenseBenefit" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaapShareBasedCompensation" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="loc_us-gaapShareBasedCompensation" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="loc_us-gaapDepreciationDepletionAndAmortization" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="loc_us-gaapDepreciationDepletionAndAmortization" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationAccretionExpense" xlink:label="loc_us-gaapAssetRetirementObligationAccretionExpense" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="loc_us-gaapAssetRetirementObligationAccretionExpense" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:label="loc_us-gaapChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="loc_us-gaapChangeInUnrealizedGainLossOnFairValueHedgingInstruments1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaapIncreaseDecreaseInOperatingCapitalAbstract" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfCashFlowsAbstract" xlink:to="loc_us-gaapIncreaseDecreaseInOperatingCapitalAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="loc_us-gaapIncreaseDecreaseInAccountsReceivable" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncreaseDecreaseInOperatingCapitalAbstract" xlink:to="loc_us-gaapIncreaseDecreaseInAccountsReceivable" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:label="loc_us-gaapIncreaseDecreaseInPrepaidExpense" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncreaseDecreaseInOperatingCapitalAbstract" xlink:to="loc_us-gaapIncreaseDecreaseInPrepaidExpense" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInOtherNoncurrentAssets" xlink:label="loc_us-gaapIncreaseDecreaseInOtherNoncurrentAssets" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncreaseDecreaseInOperatingCapitalAbstract" xlink:to="loc_us-gaapIncreaseDecreaseInOtherNoncurrentAssets" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="loc_us-gaapIncreaseDecreaseInAccruedIncomeTaxesPayable" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncreaseDecreaseInOperatingCapitalAbstract" xlink:to="loc_us-gaapIncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaapIncreaseDecreaseInAccountsPayableAndAccruedLiabilities" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncreaseDecreaseInOperatingCapitalAbstract" xlink:to="loc_us-gaapIncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncreaseDecreaseInOperatingCapitalAbstract" xlink:to="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaapNetCashProvidedByUsedInInvestingActivitiesAbstract" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfCashFlowsAbstract" xlink:to="loc_us-gaapNetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireOilAndGasProperty" xlink:label="loc_us-gaapPaymentsToAcquireOilAndGasProperty" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="loc_us-gaapPaymentsToAcquireOilAndGasProperty" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:label="loc_us-gaapPaymentsToAcquireBusinessesAndInterestInAffiliates" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="loc_us-gaapPaymentsToAcquireBusinessesAndInterestInAffiliates" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:label="loc_us-gaapPaymentsToAcquireOtherPropertyPlantAndEquipment" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="loc_us-gaapPaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount" xlink:label="loc_us-gaapSettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="loc_us-gaapSettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsForDerivativeInstrumentInvestingActivities" xlink:label="loc_us-gaapPaymentsForDerivativeInstrumentInvestingActivities" />
      <link:presentationArc order="210" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="loc_us-gaapPaymentsForDerivativeInstrumentInvestingActivities" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment" xlink:label="loc_us-gaapProceedsFromSaleOfOilAndGasPropertyAndEquipment" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="loc_us-gaapProceedsFromSaleOfOilAndGasPropertyAndEquipment" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaapNetCashProvidedByUsedInFinancingActivitiesAbstract" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfCashFlowsAbstract" xlink:to="loc_us-gaapNetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="loc_us-gaapPaymentsForRepurchaseOfCommonStock" />
      <link:presentationArc order="260" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="loc_us-gaapPaymentsForRepurchaseOfCommonStock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="loc_us-gaapProceedsFromStockOptionsExercised" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="loc_us-gaapProceedsFromStockOptionsExercised" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="loc_us-gaapRepaymentsOfLongTermDebt" />
      <link:presentationArc order="280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="loc_us-gaapRepaymentsOfLongTermDebt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities" xlink:label="loc_us-gaapProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities" />
      <link:presentationArc order="290" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="loc_us-gaapProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaapCashAndCashEquivalentsPeriodIncreaseDecrease" />
      <link:presentationArc order="320" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="loc_us-gaapCashAndCashEquivalentsPeriodIncreaseDecrease" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaapCashAndCashEquivalentsAtCarryingValue" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="loc_us-gaapCashAndCashEquivalentsAtCarryingValue" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaapCashAndCashEquivalentsAtCarryingValue_2" />
      <link:presentationArc order="360" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="loc_us-gaapCashAndCashEquivalentsAtCarryingValue_2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="loc_us-gaapSupplementalCashFlowInformationAbstract" />
      <link:presentationArc order="380" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfCashFlowsAbstract" xlink:to="loc_us-gaapSupplementalCashFlowInformationAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InterestPaid" xlink:label="loc_us-gaapInterestPaid" />
      <link:presentationArc order="390" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapSupplementalCashFlowInformationAbstract" xlink:to="loc_us-gaapInterestPaid" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxesPaid" xlink:label="loc_us-gaapIncomeTaxesPaid" />
      <link:presentationArc order="400" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapSupplementalCashFlowInformationAbstract" xlink:to="loc_us-gaapIncomeTaxesPaid" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="loc_us-gaapCashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" />
      <link:presentationArc order="420" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfCashFlowsAbstract" xlink:to="loc_us-gaapCashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AssetRetirementObligations" xlink:label="loc_MXCAssetRetirementObligations" />
      <link:presentationArc order="430" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:to="loc_MXCAssetRetirementObligations" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SubsidiaryLiabilityAbstract" xlink:label="loc_MXCSubsidiaryLiabilityAbstract" />
      <link:presentationArc order="440" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementOfCashFlowsAbstract" xlink:to="loc_MXCSubsidiaryLiabilityAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueOfAssetsAcquired" xlink:label="loc_us-gaapFairValueOfAssetsAcquired" />
      <link:presentationArc order="450" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCSubsidiaryLiabilityAbstract" xlink:to="loc_us-gaapFairValueOfAssetsAcquired" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:label="loc_us-gaapPaymentsToAcquireBusinessesGross" />
      <link:presentationArc order="460" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCSubsidiaryLiabilityAbstract" xlink:to="loc_us-gaapPaymentsToAcquireBusinessesGross" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesAssumed1" xlink:label="loc_us-gaapLiabilitiesAssumed1" />
      <link:presentationArc order="470" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCSubsidiaryLiabilityAbstract" xlink:to="loc_us-gaapLiabilitiesAssumed1" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/NatureOfOperations" xlink:title="00000007 - Disclosure - 1. Nature of Operations">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaapAccountingPoliciesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock" xlink:label="loc_us-gaapBusinessDescriptionAndBasisOfPresentationTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapBusinessDescriptionAndBasisOfPresentationTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPolicies" xlink:title="00000008 - Disclosure - 2. Summary of Significant Accounting Policies">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaapAccountingPoliciesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="loc_us-gaapSignificantAccountingPoliciesTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapSignificantAccountingPoliciesTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/BusinessCombinations" xlink:title="00000009 - Disclosure - 3. Business Combinations">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="loc_us-gaapBusinessCombinationsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessCombinationDisclosureTextBlock" xlink:label="loc_us-gaapBusinessCombinationDisclosureTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapBusinessCombinationsAbstract" xlink:to="loc_us-gaapBusinessCombinationDisclosureTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/FairValueOfFinancialInstruments" xlink:title="00000010 - Disclosure - 4. Fair Value of Financial Instruments">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaapFairValueDisclosuresAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FairValueMeasurementInputsDisclosureTextBlock" xlink:label="loc_us-gaapFairValueMeasurementInputsDisclosureTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapFairValueDisclosuresAbstract" xlink:to="loc_us-gaapFairValueMeasurementInputsDisclosureTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/CreditFacility" xlink:title="00000011 - Disclosure - 5. Credit Facility">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaapDebtDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtAndCapitalLeasesDisclosuresTextBlock" xlink:label="loc_us-gaapDebtAndCapitalLeasesDisclosuresTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDebtDisclosureAbstract" xlink:to="loc_us-gaapDebtAndCapitalLeasesDisclosuresTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/AssetRetirementObligations" xlink:title="00000012 - Disclosure - 6. Asset Retirement Obligations">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureAbstract" xlink:label="loc_us-gaapAssetRetirementObligationDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureTextBlock" xlink:label="loc_us-gaapAssetRetirementObligationDisclosureTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAssetRetirementObligationDisclosureAbstract" xlink:to="loc_us-gaapAssetRetirementObligationDisclosureTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxes" xlink:title="00000013 - Disclosure - 7. Income Taxes">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaapIncomeTaxDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="loc_us-gaapIncomeTaxDisclosureTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapIncomeTaxDisclosureTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/Derivatives" xlink:title="00000014 - Disclosure - 8. Derivatives">
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_DerivativesAbstract" xlink:label="loc_MXCDerivativesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="loc_us-gaapDerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesAbstract" xlink:to="loc_us-gaapDerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/MajorCustomers" xlink:title="00000015 - Disclosure - 9. Major Customers">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RisksAndUncertaintiesAbstract" xlink:label="loc_us-gaapRisksAndUncertaintiesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:label="loc_us-gaapConcentrationRiskDisclosureTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapRisksAndUncertaintiesAbstract" xlink:to="loc_us-gaapConcentrationRiskDisclosureTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCosts" xlink:title="00000016 - Disclosure - 10. Oil and Gas Costs">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock" xlink:label="loc_us-gaapCostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapCostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LossIncomePerCommonShare" xlink:title="00000017 - Disclosure - 11. (Loss) Income Per Common Share">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaapEarningsPerShareAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="loc_us-gaapEarningsPerShareTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapEarningsPerShareAbstract" xlink:to="loc_us-gaapEarningsPerShareTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockholdersEquity" xlink:title="00000018 - Disclosure - 12. Stockholders' Equity">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityAbstract" xlink:label="loc_us-gaapEquityAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="loc_us-gaapStockholdersEquityNoteDisclosureTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapEquityAbstract" xlink:to="loc_us-gaapStockholdersEquityNoteDisclosureTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions" xlink:title="00000019 - Disclosure - 13. Stock Options">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="loc_us-gaapDisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapDisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/RelatedPartyTransactions" xlink:title="00000020 - Disclosure - 14. Related Party Transactions">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="loc_us-gaapRelatedPartyTransactionsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="loc_us-gaapRelatedPartyTransactionsDisclosureTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapRelatedPartyTransactionsAbstract" xlink:to="loc_us-gaapRelatedPartyTransactionsDisclosureTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LeaseCommitments" xlink:title="00000021 - Disclosure - 15. Lease Commitments">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaapCommitmentsAndContingenciesDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsDisclosureTextBlock" xlink:label="loc_us-gaapCommitmentsDisclosureTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCommitmentsAndContingenciesDisclosureAbstract" xlink:to="loc_us-gaapCommitmentsDisclosureTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData" xlink:title="00000022 - Disclosure - 16. Oil and Gas Reserve Data (Unaudited)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock" xlink:label="loc_us-gaapScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SelectedQuarterlyFinancialData" xlink:title="00000023 - Disclosure - 17. Selected Quarterly Financial Data (Unaudited)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:label="loc_us-gaapQuarterlyFinancialInformationDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_QuarterlyFinancialInformationTextBlock" xlink:label="loc_us-gaapQuarterlyFinancialInformationTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapQuarterlyFinancialInformationDisclosureAbstract" xlink:to="loc_us-gaapQuarterlyFinancialInformationTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SummaryOfSignificantAccountingPoliciesPolicies" xlink:title="00000024 - Disclosure - 2. Summary of Significant Accounting Policies (Policies)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaapAccountingPoliciesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="loc_us-gaapConsolidationPolicyTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapConsolidationPolicyTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="loc_us-gaapUseOfEstimates" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapUseOfEstimates" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="loc_us-gaapCashAndCashEquivalentsPolicyTextBlock" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapCashAndCashEquivalentsPolicyTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ReceivablesPolicyTextBlock" xlink:label="loc_us-gaapReceivablesPolicyTextBlock" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapReceivablesPolicyTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IndustrySpecificPoliciesOilAndGasTextBlock" xlink:label="loc_us-gaapIndustrySpecificPoliciesOilAndGasTextBlock" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapIndustrySpecificPoliciesOilAndGasTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasPropertiesPolicyPolicyTextBlock" xlink:label="loc_us-gaapOilAndGasPropertiesPolicyPolicyTextBlock" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapOilAndGasPropertiesPolicyPolicyTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_CeilingTestPolicyPolicyTextBlock" xlink:label="loc_MXCCeilingTestPolicyPolicyTextBlock" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_MXCCeilingTestPolicyPolicyTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock" xlink:label="loc_us-gaapDepreciationDepletionAndAmortizationPolicyTextBlock" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapDepreciationDepletionAndAmortizationPolicyTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationsPolicy" xlink:label="loc_us-gaapAssetRetirementObligationsPolicy" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapAssetRetirementObligationsPolicy" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="loc_us-gaapIncomeTaxPolicyTextBlock" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapIncomeTaxPolicyTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="loc_us-gaapPropertyPlantAndEquipmentPolicyTextBlock" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapPropertyPlantAndEquipmentPolicyTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativesPolicyTextBlock" xlink:label="loc_us-gaapDerivativesPolicyTextBlock" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapDerivativesPolicyTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerSharePolicyTextBlock" xlink:label="loc_us-gaapEarningsPerSharePolicyTextBlock" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapEarningsPerSharePolicyTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RevenueRecognitionPolicyTextBlock" xlink:label="loc_us-gaapRevenueRecognitionPolicyTextBlock" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapRevenueRecognitionPolicyTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GasBalancingPolicyPolicyTextBlock" xlink:label="loc_us-gaapGasBalancingPolicyPolicyTextBlock" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapGasBalancingPolicyPolicyTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:label="loc_us-gaapShareBasedCompensationOptionAndIncentivePlansPolicy" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="loc_us-gaapNewAccountingPronouncementsPolicyPolicyTextBlock" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAccountingPoliciesAbstract" xlink:to="loc_us-gaapNewAccountingPronouncementsPolicyPolicyTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/BusinessCombinationsTables" xlink:title="00000025 - Disclosure - 3. Business Combinations (Tables)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="loc_us-gaapBusinessCombinationsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:label="loc_us-gaapScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapBusinessCombinationsAbstract" xlink:to="loc_us-gaapScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/CreditFacilityTables" xlink:title="00000026 - Disclosure - 5. Credit Facility (Tables)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaapDebtDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock" xlink:label="loc_us-gaapScheduleOfLineOfCreditFacilitiesTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDebtDisclosureAbstract" xlink:to="loc_us-gaapScheduleOfLineOfCreditFacilitiesTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/AssetRetirementObligationsTables" xlink:title="00000027 - Disclosure - 6. Asset Retirement Obligations (Tables)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureAbstract" xlink:label="loc_us-gaapAssetRetirementObligationDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock" xlink:label="loc_us-gaapScheduleOfAssetRetirementObligationsTableTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapAssetRetirementObligationDisclosureAbstract" xlink:to="loc_us-gaapScheduleOfAssetRetirementObligationsTableTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxesTables" xlink:title="00000028 - Disclosure - 7. Income Taxes (Tables)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaapIncomeTaxDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:label="loc_us-gaapScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:label="loc_us-gaapScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:label="loc_us-gaapScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock" xlink:label="loc_us-gaapScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/DerivativesTables" xlink:title="00000029 - Disclosure - 8. Derivatives (Tables)">
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_DerivativesTablesAbstract" xlink:label="loc_MXCDerivativesTablesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" xlink:label="loc_us-gaapScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesTablesAbstract" xlink:to="loc_us-gaapScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock" xlink:label="loc_us-gaapScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesTablesAbstract" xlink:to="loc_us-gaapScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock" xlink:label="loc_us-gaapScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesTablesAbstract" xlink:to="loc_us-gaapScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCostsTables" xlink:title="00000030 - Disclosure - 10. Oil and Gas Costs (Tables)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_CostsRelatedToOilAndGasActivitiesTableTextBlock" xlink:label="loc_MXCCostsRelatedToOilAndGasActivitiesTableTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCCostsRelatedToOilAndGasActivitiesTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock" xlink:label="loc_MXCAggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCAggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptionsTables" xlink:title="00000031 - Disclosure - 13. Stock Options (Tables)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:label="loc_us-gaapScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_OtherInformationPertainingToOptionActivityTableTextBlock" xlink:label="loc_MXCOtherInformationPertainingToOptionActivityTableTextBlock" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_MXCOtherInformationPertainingToOptionActivityTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock" xlink:label="loc_us-gaapScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LeaseCommitmentsTables" xlink:title="00000032 - Disclosure - 15. Lease Commitments (Tables)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaapCommitmentsAndContingenciesDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherCommitmentsTableTextBlock" xlink:label="loc_us-gaapOtherCommitmentsTableTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCommitmentsAndContingenciesDisclosureAbstract" xlink:to="loc_us-gaapOtherCommitmentsTableTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveDataTables" xlink:title="00000033 - Disclosure - 16. Oil and Gas Reserve Data (Tables)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ChangesInProvedReservesTableTextBlock" xlink:label="loc_MXCChangesInProvedReservesTableTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCChangesInProvedReservesTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock" xlink:label="loc_MXCSummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCSummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ProgressOfConvertingProvedUndevelopedReservesTableTextBlock" xlink:label="loc_MXCProgressOfConvertingProvedUndevelopedReservesTableTextBlock" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCProgressOfConvertingProvedUndevelopedReservesTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock" xlink:label="loc_MXCStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock" xlink:label="loc_MXCChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataTables" xlink:title="00000034 - Disclosure - 17. Selected Quarterly Financial Data (Tables)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:label="loc_us-gaapQuarterlyFinancialInformationDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:label="loc_us-gaapScheduleOfQuarterlyFinancialInformationTableTextBlock" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapQuarterlyFinancialInformationDisclosureAbstract" xlink:to="loc_us-gaapScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/BusinessCombinations-PurchasePriceWasAllocatedToAssetsAcquiredAndLiabilitiesAssumedAtEstimatedFairValuesDetails" xlink:title="00000035 - Disclosure - 3. Business Combinations (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="loc_us-gaapBusinessCombinationsAbstract" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ProvedOilAndGasProperties" xlink:label="loc_MXCProvedOilAndGasProperties" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapBusinessCombinationsAbstract" xlink:to="loc_MXCProvedOilAndGasProperties" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AccountsReceivable" xlink:label="loc_MXCAccountsReceivable" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapBusinessCombinationsAbstract" xlink:to="loc_MXCAccountsReceivable" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_TotalAssetsAcquired" xlink:label="loc_MXCTotalAssetsAcquired" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapBusinessCombinationsAbstract" xlink:to="loc_MXCTotalAssetsAcquired" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AccountsPayable" xlink:label="loc_MXCAccountsPayable" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapBusinessCombinationsAbstract" xlink:to="loc_MXCAccountsPayable" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations" xlink:label="loc_MXCBusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapBusinessCombinationsAbstract" xlink:to="loc_MXCBusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_NetPurchasePrice" xlink:label="loc_MXCNetPurchasePrice" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapBusinessCombinationsAbstract" xlink:to="loc_MXCNetPurchasePrice" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/CreditFacility-SummaryOfActivityOnBankOfAmericaN.A.LineOfCreditDetails" xlink:title="00000036 - Disclosure - 5. Credit Facility - Summary of activity on the Bank of America, N.A. line of credit (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaapDebtDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCredit" xlink:label="loc_us-gaapLineOfCredit" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDebtDisclosureAbstract" xlink:to="loc_us-gaapLineOfCredit" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromLinesOfCredit" xlink:label="loc_us-gaapProceedsFromLinesOfCredit" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDebtDisclosureAbstract" xlink:to="loc_us-gaapProceedsFromLinesOfCredit" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RepaymentsOfLinesOfCredit" xlink:label="loc_us-gaapRepaymentsOfLinesOfCredit" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDebtDisclosureAbstract" xlink:to="loc_us-gaapRepaymentsOfLinesOfCredit" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LineOfCredit" xlink:label="loc_us-gaapLineOfCredit_2" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDebtDisclosureAbstract" xlink:to="loc_us-gaapLineOfCredit_2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/RollforwardOfAssetRetirementObligationsDetails" xlink:title="00000037 - Disclosure - 6. Rollforward of Asset Retirement Obligations (Details)">
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_RollforwardOfAssetRetirementObligationsDetailsAbstract" xlink:label="loc_MXCRollforwardOfAssetRetirementObligationsDetailsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationCurrent" xlink:label="loc_us-gaapAssetRetirementObligationCurrent" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCRollforwardOfAssetRetirementObligationsDetailsAbstract" xlink:to="loc_us-gaapAssetRetirementObligationCurrent" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationLiabilitiesIncurred" xlink:label="loc_us-gaapAssetRetirementObligationLiabilitiesIncurred" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCRollforwardOfAssetRetirementObligationsDetailsAbstract" xlink:to="loc_us-gaapAssetRetirementObligationLiabilitiesIncurred" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationLiabilitiesSettled" xlink:label="loc_us-gaapAssetRetirementObligationLiabilitiesSettled" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCRollforwardOfAssetRetirementObligationsDetailsAbstract" xlink:to="loc_us-gaapAssetRetirementObligationLiabilitiesSettled" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationAccretionExpense" xlink:label="loc_us-gaapAssetRetirementObligationAccretionExpense" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCRollforwardOfAssetRetirementObligationsDetailsAbstract" xlink:to="loc_us-gaapAssetRetirementObligationAccretionExpense" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationCurrent" xlink:label="loc_us-gaapAssetRetirementObligationCurrent_2" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCRollforwardOfAssetRetirementObligationsDetailsAbstract" xlink:to="loc_us-gaapAssetRetirementObligationCurrent_2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationCashPaidToSettle" xlink:label="loc_us-gaapAssetRetirementObligationCashPaidToSettle" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCRollforwardOfAssetRetirementObligationsDetailsAbstract" xlink:to="loc_us-gaapAssetRetirementObligationCashPaidToSettle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AssetRetirementObligationPeriodIncreaseDecrease" xlink:label="loc_us-gaapAssetRetirementObligationPeriodIncreaseDecrease" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCRollforwardOfAssetRetirementObligationsDetailsAbstract" xlink:to="loc_us-gaapAssetRetirementObligationPeriodIncreaseDecrease" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxes-ComponentsOfNetDeferredTaxAssetsDetails" xlink:title="00000038 - Disclosure - 7. Income Taxes - Components of net deferred tax assets (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaapIncomeTaxDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ComponentsOfDeferredTaxAssetsAbstract" xlink:label="loc_us-gaapComponentsOfDeferredTaxAssetsAbstract" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapComponentsOfDeferredTaxAssetsAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsCapitalLossCarryforwards" xlink:label="loc_us-gaapDeferredTaxAssetsCapitalLossCarryforwards" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapComponentsOfDeferredTaxAssetsAbstract" xlink:to="loc_us-gaapDeferredTaxAssetsCapitalLossCarryforwards" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:label="loc_us-gaapDeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapComponentsOfDeferredTaxAssetsAbstract" xlink:to="loc_us-gaapDeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations" xlink:label="loc_us-gaapDeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapComponentsOfDeferredTaxAssetsAbstract" xlink:to="loc_us-gaapDeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:label="loc_us-gaapDeferredTaxAssetsOperatingLossCarryforwards" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapComponentsOfDeferredTaxAssetsAbstract" xlink:to="loc_us-gaapDeferredTaxAssetsOperatingLossCarryforwards" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsDerivativeInstruments" xlink:label="loc_us-gaapDeferredTaxAssetsDerivativeInstruments" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapComponentsOfDeferredTaxAssetsAbstract" xlink:to="loc_us-gaapDeferredTaxAssetsDerivativeInstruments" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsOther" xlink:label="loc_us-gaapDeferredTaxAssetsOther" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapComponentsOfDeferredTaxAssetsAbstract" xlink:to="loc_us-gaapDeferredTaxAssetsOther" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="loc_us-gaapDeferredTaxAssetsNet" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapComponentsOfDeferredTaxAssetsAbstract" xlink:to="loc_us-gaapDeferredTaxAssetsNet" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract" xlink:label="loc_us-gaapComponentsOfDeferredTaxLiabilitiesAbstract" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapComponentsOfDeferredTaxLiabilitiesAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:label="loc_us-gaapDeferredTaxLiabilitiesPropertyPlantAndEquipment" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapComponentsOfDeferredTaxLiabilitiesAbstract" xlink:to="loc_us-gaapDeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="loc_us-gaapDeferredTaxLiabilities" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapComponentsOfDeferredTaxLiabilitiesAbstract" xlink:to="loc_us-gaapDeferredTaxLiabilities" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxesDetailsNarrative" xlink:title="00000039 - Disclosure - 7. Income Taxes (Details Narrative)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaapIncomeTaxDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TaxCreditCarryforwardAmount" xlink:label="loc_us-gaapTaxCreditCarryforwardAmount" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapTaxCreditCarryforwardAmount" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="loc_us-gaapOperatingLossCarryforwards" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapOperatingLossCarryforwards" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ExpirationDateOperatingLossCarryforward" xlink:label="loc_MXCExpirationDateOperatingLossCarryforward" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_MXCExpirationDateOperatingLossCarryforward" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilityForUncertainTaxPositionsCurrent" xlink:label="loc_us-gaapLiabilityForUncertainTaxPositionsCurrent" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapLiabilityForUncertainTaxPositionsCurrent" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxProvisionDetails" xlink:title="00000040 - Disclosure - 7. Income Tax Provision (Details)">
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_IncomeTaxProvisionDetailsAbstract" xlink:label="loc_MXCIncomeTaxProvisionDetailsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:label="loc_us-gaapCurrentIncomeTaxExpenseBenefit" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCIncomeTaxProvisionDetailsAbstract" xlink:to="loc_us-gaapCurrentIncomeTaxExpenseBenefit" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaapDeferredIncomeTaxExpenseBenefit" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCIncomeTaxProvisionDetailsAbstract" xlink:to="loc_us-gaapDeferredIncomeTaxExpenseBenefit" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaapIncomeTaxExpenseBenefit" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCIncomeTaxProvisionDetailsAbstract" xlink:to="loc_us-gaapIncomeTaxExpenseBenefit" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="loc_us-gaapEffectiveIncomeTaxRateContinuingOperations" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCIncomeTaxProvisionDetailsAbstract" xlink:to="loc_us-gaapEffectiveIncomeTaxRateContinuingOperations" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfProvisionForIncomeTaxesToIncomeTaxesComputedDetails" xlink:title="00000041 - Disclosure - 7. Income Taxes - Reconciliation of the provision for income taxes to income taxes computed (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaapIncomeTaxDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate" xlink:label="loc_us-gaapIncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapIncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities" xlink:label="loc_us-gaapIncomeTaxReconciliationDeductionsQualifiedProductionActivities" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapIncomeTaxReconciliationDeductionsQualifiedProductionActivities" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate" xlink:label="loc_us-gaapIncomeTaxReconciliationChangeInEnactedTaxRate" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapIncomeTaxReconciliationChangeInEnactedTaxRate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:label="loc_us-gaapIncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapIncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxReconciliationTaxCredits" xlink:label="loc_us-gaapIncomeTaxReconciliationTaxCredits" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapIncomeTaxReconciliationTaxCredits" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="loc_us-gaapEffectiveIncomeTaxRateContinuingOperations" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapEffectiveIncomeTaxRateContinuingOperations" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfBeginningAndEndingBalancesOfUnrecognizedTaxBenefitsDetails" xlink:title="00000042 - Disclosure - 7. Income Taxes - Reconciliation of the beginning and ending balances of unrecognized tax benefits (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaapIncomeTaxDisclosureAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="loc_us-gaapUnrecognizedTaxBenefits" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapUnrecognizedTaxBenefits" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:label="loc_us-gaapUnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapUnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:label="loc_us-gaapUnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapUnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities" xlink:label="loc_us-gaapUnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapUnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:label="loc_us-gaapUnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapUnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="loc_us-gaapUnrecognizedTaxBenefits_2" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapIncomeTaxDisclosureAbstract" xlink:to="loc_us-gaapUnrecognizedTaxBenefits_2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/Derivatives-NetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetails" xlink:title="00000043 - Disclosure - 8. Derivatives - Net fair value of the Company&#8217;s derivative assets and liabilities (Details)">
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_DerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" xlink:label="loc_MXCDerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="loc_us-gaapDerivativeAssetsCurrent" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" xlink:to="loc_us-gaapDerivativeAssetsCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="loc_us-gaapDerivativeAssetsNoncurrent" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" xlink:to="loc_us-gaapDerivativeAssetsNoncurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaapDerivativeAssets" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" xlink:to="loc_us-gaapDerivativeAssets" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_CurrentLiabilitiesDerivativeInstruments" xlink:label="loc_MXCCurrentLiabilitiesDerivativeInstruments" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" xlink:to="loc_MXCCurrentLiabilitiesDerivativeInstruments" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="loc_us-gaapDerivativeLiabilitiesNoncurrent" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" xlink:to="loc_us-gaapDerivativeLiabilitiesNoncurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaapDerivativeLiabilities" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract" xlink:to="loc_us-gaapDerivativeLiabilities" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/Derivatives-LossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetails" xlink:title="00000044 - Disclosure - 8. Derivatives - Loss on derivative instruments included in the consolidated statements of operations (Details)">
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_DerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract" xlink:label="loc_MXCDerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivativesAndCommodityContracts" xlink:label="loc_us-gaapUnrealizedGainLossOnDerivativesAndCommodityContracts" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract" xlink:to="loc_us-gaapUnrealizedGainLossOnDerivativesAndCommodityContracts" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:label="loc_us-gaapDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract" xlink:to="loc_us-gaapDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="loc_us-gaapGainLossOnDerivativeInstrumentsNetPretax" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCDerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract" xlink:to="loc_us-gaapGainLossOnDerivativeInstrumentsNetPretax" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/MajorCustomersDetailsNarrative" xlink:title="00000045 - Disclosure - 9. Major Customers (Details Narrative)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RisksAndUncertaintiesAbstract" xlink:label="loc_us-gaapRisksAndUncertaintiesAbstract" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_MajorCustomerPercentOfTotalOilAndGasRevenues" xlink:label="loc_MXCMajorCustomerPercentOfTotalOilAndGasRevenues" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapRisksAndUncertaintiesAbstract" xlink:to="loc_MXCMajorCustomerPercentOfTotalOilAndGasRevenues" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_MajorCustomerPercentOfTotalOilAndGasReceivable" xlink:label="loc_MXCMajorCustomerPercentOfTotalOilAndGasReceivable" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapRisksAndUncertaintiesAbstract" xlink:to="loc_MXCMajorCustomerPercentOfTotalOilAndGasReceivable" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_MajorCustomerQuantity" xlink:label="loc_MXCMajorCustomerQuantity" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapRisksAndUncertaintiesAbstract" xlink:to="loc_MXCMajorCustomerQuantity" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCosts-CostsRelatedToOurOilAndGasActivitiesDetails" xlink:title="00000046 - Disclosure - 10. Oil and Gas Costs - Costs related to our oil and gas activities (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:label="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves" xlink:label="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:to="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties" xlink:label="loc_us-gaapCostsIncurredAcquisitionOfUnprovedOilAndGasProperties" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:to="loc_us-gaapCostsIncurredAcquisitionOfUnprovedOilAndGasProperties" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredExplorationCosts" xlink:label="loc_us-gaapCostsIncurredExplorationCosts" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:to="loc_us-gaapCostsIncurredExplorationCosts" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredDevelopmentCosts" xlink:label="loc_us-gaapCostsIncurredDevelopmentCosts" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:to="loc_us-gaapCostsIncurredDevelopmentCosts" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAssetRetirementObligationIncurred" xlink:label="loc_us-gaapCostsIncurredAssetRetirementObligationIncurred" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:to="loc_us-gaapCostsIncurredAssetRetirementObligationIncurred" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties" xlink:label="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasProperties" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:to="loc_us-gaapCostsIncurredAcquisitionOfOilAndGasProperties" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCosts-AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesDetails" xlink:title="00000047 - Disclosure - 10. Oil and Gas Costs - Aggregate capitalized costs relating to our oil and gas property activities (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsProvedProperties" xlink:label="loc_us-gaapCapitalizedCostsProvedProperties" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapCapitalizedCostsProvedProperties" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_UnprovedOilAndGasProperties" xlink:label="loc_MXCUnprovedOilAndGasProperties" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCUnprovedOilAndGasProperties" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AcquisitionCostsCumulative" xlink:label="loc_us-gaapAcquisitionCostsCumulative" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCUnprovedOilAndGasProperties" xlink:to="loc_us-gaapAcquisitionCostsCumulative" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative" xlink:label="loc_us-gaapCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCUnprovedOilAndGasProperties" xlink:to="loc_us-gaapCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross" xlink:label="loc_us-gaapCapitalizedCostsOilAndGasProducingActivitiesGross" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCUnprovedOilAndGasProperties" xlink:to="loc_us-gaapCapitalizedCostsOilAndGasProducingActivitiesGross" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" xlink:label="loc_us-gaapCapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCUnprovedOilAndGasProperties" xlink:to="loc_us-gaapCapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet" xlink:label="loc_us-gaapCapitalizedCostsOilAndGasProducingActivitiesNet" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCUnprovedOilAndGasProperties" xlink:to="loc_us-gaapCapitalizedCostsOilAndGasProducingActivitiesNet" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasCostsDetailsNarrative" xlink:title="00000048 - Disclosure - 10. Oil and Gas Costs (Details Narrative)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AmortizationExpensePerPhysicalUnitOfProduction" xlink:label="loc_us-gaapAmortizationExpensePerPhysicalUnitOfProduction" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapAmortizationExpensePerPhysicalUnitOfProduction" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LossIncomePerCommonShareDetails" xlink:title="00000049 - Disclosure - 11. (Loss) Income Per Common Share (Details)">
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_LossIncomePerCommonShareDetailsAbstract" xlink:label="loc_MXCLossIncomePerCommonShareDetailsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaapNetIncomeLoss" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCLossIncomePerCommonShareDetailsAbstract" xlink:to="loc_us-gaapNetIncomeLoss" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="loc_us-gaapEarningsPerShareBasicAbstract" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCLossIncomePerCommonShareDetailsAbstract" xlink:to="loc_us-gaapEarningsPerShareBasicAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaapWeightedAverageNumberOfSharesOutstandingBasic" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCLossIncomePerCommonShareDetailsAbstract" xlink:to="loc_us-gaapWeightedAverageNumberOfSharesOutstandingBasic" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_EffectOfAssumedExerciseOfDilutiveStockOptions" xlink:label="loc_MXCEffectOfAssumedExerciseOfDilutiveStockOptions" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCLossIncomePerCommonShareDetailsAbstract" xlink:to="loc_MXCEffectOfAssumedExerciseOfDilutiveStockOptions" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaapWeightedAverageNumberOfDilutedSharesOutstanding" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCLossIncomePerCommonShareDetailsAbstract" xlink:to="loc_us-gaapWeightedAverageNumberOfDilutedSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaapEarningsPerShareAbstract" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCLossIncomePerCommonShareDetailsAbstract" xlink:to="loc_us-gaapEarningsPerShareAbstract" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaapEarningsPerShareBasic" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCLossIncomePerCommonShareDetailsAbstract" xlink:to="loc_us-gaapEarningsPerShareBasic" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaapEarningsPerShareDiluted" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCLossIncomePerCommonShareDetailsAbstract" xlink:to="loc_us-gaapEarningsPerShareDiluted" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockholdersEquityDetailsNarrative" xlink:title="00000050 - Disclosure - 12. Stockholders' Equity (Details Narrative)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EquityAbstract" xlink:label="loc_us-gaapEquityAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares" xlink:label="loc_us-gaapStockRepurchasedDuringPeriodShares" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapEquityAbstract" xlink:to="loc_us-gaapStockRepurchasedDuringPeriodShares" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodValue" xlink:label="loc_us-gaapStockRepurchasedDuringPeriodValue" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapEquityAbstract" xlink:to="loc_us-gaapStockRepurchasedDuringPeriodValue" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:label="loc_us-gaapStockRepurchaseProgramAuthorizedAmount1" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapEquityAbstract" xlink:to="loc_us-gaapStockRepurchaseProgramAuthorizedAmount1" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions-SummaryOfGrant-DateFairValueOfStockOptionsGrantedDetails" xlink:title="00000051 - Disclosure - 13. Stock Options - Summary of the grant-date fair value of stock options granted (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:label="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions-SummaryOfActivityOfStockOptionsDetails" xlink:title="00000052 - Disclosure - 13. Stock Options - Summary of activity of stock options (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="loc_us-gaapStockIssuedDuringPeriodSharesStockOptionsExercised" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapStockIssuedDuringPeriodSharesStockOptionsExercised" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_2" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_2" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_2" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:label="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1" xlink:label="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions-OtherInformationPertainingToOptionActivityDetails" xlink:title="00000053 - Disclosure - 13. Stock Options - Other information pertaining to option activity (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" xlink:label="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptions-SummaryInformationAboutOptionsOutstandingAtMarch312014Details" xlink:title="00000054 - Disclosure - 13. Stock Options - Summary information about options outstanding at March 31, 2015 (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapStatementTable" order="100" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementLineItems" order="200" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:label="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" order="10" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:label="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:to="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" order="0" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SixThirtyToSixEighty1Member" xlink:label="loc_MXCSixThirtyToSixEighty1Member" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="loc_MXCSixThirtyToSixEighty1Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SixThirtyToSixEightyMember" xlink:label="loc_MXCSixThirtyToSixEightyMember" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="loc_MXCSixThirtyToSixEightyMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SixToSixTwentyNineTwoMember" xlink:label="loc_MXCSixToSixTwentyNineTwoMember" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="loc_MXCSixToSixTwentyNineTwoMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AllPricesMember" xlink:label="loc_MXCAllPricesMember" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="loc_MXCAllPricesMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SixToSixTwentyNineMember" xlink:label="loc_MXCSixToSixTwentyNineMember" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:to="loc_MXCSixToSixTwentyNineMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/StockOptionsDetailsNarrative" xlink:title="00000055 - Disclosure - 13. Stock Options (Details Narrative)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="loc_us-gaapAllocatedShareBasedCompensationExpense" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapAllocatedShareBasedCompensationExpense" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions" xlink:label="loc_us-gaapEmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapEmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:label="loc_us-gaapEmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapEmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="loc_us-gaapStockIssuedDuringPeriodSharesStockOptionsExercised" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapStockIssuedDuringPeriodSharesStockOptionsExercised" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="loc_us-gaapProceedsFromStockOptionsExercised" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapProceedsFromStockOptionsExercised" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ExercisedOptionsResultingInDisqualifyingDisposition" xlink:label="loc_MXCExercisedOptionsResultingInDisqualifyingDisposition" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_MXCExercisedOptionsResultingInDisqualifyingDisposition" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" xlink:label="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" xlink:label="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapDisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="loc_us-gaapShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/RelatedPartyTransactionsDetailsNarrative" xlink:title="00000056 - Disclosure - 14. Related Party Transactions (Details Narrative)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="loc_us-gaapRelatedPartyTransactionsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:label="loc_us-gaapRelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapRelatedPartyTransactionsAbstract" xlink:to="loc_us-gaapRelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/LeaseCommitmentsDetails" xlink:title="00000057 - Disclosure - 15. Lease Commitments (Details)">
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_LeaseCommitmentsDetailsAbstract" xlink:label="loc_MXCLeaseCommitmentsDetailsAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherCommitmentDueInNextTwelveMonths" xlink:label="loc_us-gaapOtherCommitmentDueInNextTwelveMonths" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCLeaseCommitmentsDetailsAbstract" xlink:to="loc_us-gaapOtherCommitmentDueInNextTwelveMonths" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherCommitmentDueInSecondYear" xlink:label="loc_us-gaapOtherCommitmentDueInSecondYear" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCLeaseCommitmentsDetailsAbstract" xlink:to="loc_us-gaapOtherCommitmentDueInSecondYear" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInProvedReservesDetails" xlink:title="00000058 - Disclosure - 16. Oil and Gas Reserve Data - Changes in Proved Reserves: (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapStatementTable" order="100" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementLineItems" order="200" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ReserveQuantitiesByTypeOfReserveAxis" xlink:label="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" order="10" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TypeOfReserveDomain" xlink:label="loc_us-gaapTypeOfReserveDomain" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" xlink:to="loc_us-gaapTypeOfReserveDomain" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilReservesMember" xlink:label="loc_us-gaapOilReservesMember" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapTypeOfReserveDomain" xlink:to="loc_us-gaapOilReservesMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NaturalGasReservesMember" xlink:label="loc_us-gaapNaturalGasReservesMember" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapTypeOfReserveDomain" xlink:to="loc_us-gaapNaturalGasReservesMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesNet" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesNet" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesNet" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesProduction" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesProduction" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesProduction" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-SummaryOfProvedDevelopedAndUndevelopedReservesDetails" xlink:title="00000059 - Disclosure - 16. Oil and Gas Reserve Data - Summary of Proved Developed and Undeveloped Reserves (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapStatementTable" order="100" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementLineItems" order="200" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ReserveQuantitiesByTypeOfReserveAxis" xlink:label="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" order="10" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_TypeOfReserveDomain" xlink:label="loc_us-gaapTypeOfReserveDomain" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapReserveQuantitiesByTypeOfReserveAxis" xlink:to="loc_us-gaapTypeOfReserveDomain" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilReservesMember" xlink:label="loc_us-gaapOilReservesMember" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapTypeOfReserveDomain" xlink:to="loc_us-gaapOilReservesMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NaturalGasReservesMember" xlink:label="loc_us-gaapNaturalGasReservesMember" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapTypeOfReserveDomain" xlink:to="loc_us-gaapNaturalGasReservesMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedReservesVolume" xlink:label="loc_us-gaapProvedDevelopedReservesVolume" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedDevelopedReservesVolume" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedUndevelopedReserveVolume" xlink:label="loc_us-gaapProvedUndevelopedReserveVolume" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapProvedUndevelopedReserveVolume" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-ProgressOfConvertingProvedUndevelopedReservesDetails" xlink:title="00000060 - Disclosure - 16. Oil and Gas Reserve Data - Progress of Converting Proved Undeveloped Reserves: (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedUndevelopedReserveVolume" xlink:label="loc_us-gaapProvedUndevelopedReserveVolume" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapProvedUndevelopedReserveVolume" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease" xlink:label="loc_us-gaapProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ConversionsToPdReserves" xlink:label="loc_MXCConversionsToPdReserves" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCConversionsToPdReserves" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AdditionalPudsAdded" xlink:label="loc_MXCAdditionalPudsAdded" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCAdditionalPudsAdded" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ProvedUndevelopedReserveVolume" xlink:label="loc_us-gaapProvedUndevelopedReserveVolume_2" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapProvedUndevelopedReserveVolume_2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_PudsBeginningOfYearFutureDevelopmentCosts" xlink:label="loc_MXCPudsBeginningOfYearFutureDevelopmentCosts" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCPudsBeginningOfYearFutureDevelopmentCosts" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_RevisionOfPreviousEstimatesFutureDevelopmentCosts" xlink:label="loc_MXCRevisionOfPreviousEstimatesFutureDevelopmentCosts" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCRevisionOfPreviousEstimatesFutureDevelopmentCosts" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_ConversionsToPdReservesFutureDevelopmentCosts" xlink:label="loc_MXCConversionsToPdReservesFutureDevelopmentCosts" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCConversionsToPdReservesFutureDevelopmentCosts" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AdditionalPudsAddedFutureDevelopmentCosts" xlink:label="loc_MXCAdditionalPudsAddedFutureDevelopmentCosts" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCAdditionalPudsAddedFutureDevelopmentCosts" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_PudsBeginningOfYearFutureDevelopmentCosts" xlink:label="loc_MXCPudsBeginningOfYearFutureDevelopmentCosts_2" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCPudsBeginningOfYearFutureDevelopmentCosts_2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesDetails" xlink:title="00000061 - Disclosure - 16. Oil and Gas Reserve Data - Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves: (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" xlink:label="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDetails" xlink:title="00000062 - Disclosure - 16. Oil and Gas Reserve Data - Changes in Standardized Measurement (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts" xlink:label="loc_us-gaapSalesAndTransfersOfOilAndGasProducedNetOfProductionCosts" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapSalesAndTransfersOfOilAndGasProducedNetOfProductionCosts" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts" xlink:label="loc_us-gaapNetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapNetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts" xlink:label="loc_us-gaapIncreaseDecreaseInEstimatedFutureDevelopmentCosts" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapIncreaseDecreaseInEstimatedFutureDevelopmentCosts" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RevisionsOfPreviousQuantityEstimates" xlink:label="loc_us-gaapRevisionsOfPreviousQuantityEstimates" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapRevisionsOfPreviousQuantityEstimates" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDueToPurchasesOfMineralsInPlace" xlink:label="loc_us-gaapIncreaseDueToPurchasesOfMineralsInPlace" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapIncreaseDueToPurchasesOfMineralsInPlace" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts" xlink:label="loc_us-gaapExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" xlink:label="loc_us-gaapIncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapIncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccretionOfDiscount" xlink:label="loc_us-gaapAccretionOfDiscount" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapAccretionOfDiscount" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther" xlink:label="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:label="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" xlink:label="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves" xlink:label="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves_2" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves_2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/OilAndGasReserveDataDetailsNarrative" xlink:title="00000063 - Disclosure - 16. Oil and Gas Reserve Data (Details Narrative)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ExtractiveIndustriesAbstract" xlink:label="loc_us-gaapExtractiveIndustriesAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" xlink:label="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_us-gaapFutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AveragePriceUsedPerBbl" xlink:label="loc_MXCAveragePriceUsedPerBbl" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCAveragePriceUsedPerBbl" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_AveragePricesUsedPerMcf" xlink:label="loc_MXCAveragePricesUsedPerMcf" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapExtractiveIndustriesAbstract" xlink:to="loc_MXCAveragePricesUsedPerMcf" xlink:type="arc" />
    </link:presentationLink>
    <link:presentationLink xlink:type="extended" xlink:role="http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataDetails" xlink:title="00000064 - Disclosure - 17. Selected Quarterly Financial Data (Details)">
      <link:loc xlink:type="locator" xlink:href="mxc-20150331.xsd#MXC_SelectedQuarterlyFinancialDataAbstract" xlink:label="loc_MXCSelectedQuarterlyFinancialDataAbstract" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OilAndGasRevenue" xlink:label="loc_us-gaapOilAndGasRevenue" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCSelectedQuarterlyFinancialDataAbstract" xlink:to="loc_us-gaapOilAndGasRevenue" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaapOperatingIncomeLoss" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCSelectedQuarterlyFinancialDataAbstract" xlink:to="loc_us-gaapOperatingIncomeLoss" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaapNetIncomeLoss" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCSelectedQuarterlyFinancialDataAbstract" xlink:to="loc_us-gaapNetIncomeLoss" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaapEarningsPerShareBasic" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCSelectedQuarterlyFinancialDataAbstract" xlink:to="loc_us-gaapEarningsPerShareBasic" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaapEarningsPerShareDiluted" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_MXCSelectedQuarterlyFinancialDataAbstract" xlink:to="loc_us-gaapEarningsPerShareDiluted" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>25
<FILENAME>R39.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393928813056">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>7. Income Taxes (Details Narrative) - Mar. 31, 2015<br></strong></div></th>
<th class="th"><div>USD ($)</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TaxCreditCarryforwardAmount', window );">Statutory depletion carryforward</a></td>
<td class="nump">$ 4,950,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwards', window );">Net operating loss carryforward</a></td>
<td class="nump">$ 4,500,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_ExpirationDateOperatingLossCarryforward', window );">Expiration date, operating loss carryforward</a></td>
<td class="nump">2,029<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForUncertainTaxPositionsCurrent', window );">Uncertain tax positions</a></td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_ExpirationDateOperatingLossCarryforward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_ExpirationDateOperatingLossCarryforward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:pureItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilityForUncertainTaxPositionsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current portion of the amount recognized for uncertain tax positions as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilityForUncertainTaxPositionsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TaxCreditCarryforwardAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Carryforwards<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506874<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TaxCreditCarryforwardAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>26
<FILENAME>R54.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393923235840">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13. Stock Options - Summary information about options outstanding at March 31, 2015 (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
<th class="th"><div>Mar. 31, 2012</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Number of options outstanding</a></td>
<td class="nump">153,600<span></span>
</td>
<td class="nump">113,600<span></span>
</td>
<td class="nump">80,000<span></span>
</td>
<td class="nump">83,750<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Weighted Average Exercise Price Per Share</a></td>
<td class="nump">$ 6.52<span></span>
</td>
<td class="nump">$ 6.35<span></span>
</td>
<td class="nump">$ 6.52<span></span>
</td>
<td class="nump">$ 6.42<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2', window );">Weighted Average Remaining Contract Life in Years</a></td>
<td class="text">7 years 4 months 10 days<span></span>
</td>
<td class="text">7 years 7 months 28 days<span></span>
</td>
<td class="text">8 years 11 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue', window );">Aggregate Intrinsic Value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 154,062<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 127,363<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_SixThirtyToSixEighty1Member', window );">Exercise Prices 5.98 - 6.25</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Number of options outstanding</a></td>
<td class="nump">45,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Weighted Average Exercise Price Per Share</a></td>
<td class="nump">$ 6.00<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_SixThirtyToSixEightyMember', window );">Exercise Prices 6.26 - 6.50</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Number of options outstanding</a></td>
<td class="nump">28,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Weighted Average Exercise Price Per Share</a></td>
<td class="nump">$ 6.29<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_SixToSixTwentyNineTwoMember', window );">Exercise Prices 6.51 - 6.80</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Number of options outstanding</a></td>
<td class="nump">40,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Weighted Average Exercise Price Per Share</a></td>
<td class="nump">$ 6.80<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_AllPricesMember', window );">Exercise Prices 6.81 - 7.00</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Number of options outstanding</a></td>
<td class="nump">40,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Weighted Average Exercise Price Per Share</a></td>
<td class="nump">$ 7.00<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_SixToSixTwentyNineMember', window );">Exercise Prices 5.98 - 7.00</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Number of options outstanding</a></td>
<td class="nump">153,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Weighted Average Exercise Price Per Share</a></td>
<td class="nump">$ 6.52<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of options outstanding, including both vested and non-vested options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (c)(1)(i)-(ii)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (c)(1)(i)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (e)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_SixThirtyToSixEighty1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_SixThirtyToSixEighty1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_SixThirtyToSixEightyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_SixThirtyToSixEightyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_SixToSixTwentyNineTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_SixToSixTwentyNineTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_AllPricesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_AllPricesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_SixToSixTwentyNineMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=MXC_SixToSixTwentyNineMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>27
<FILENAME>R48.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393913523232">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>10. Oil and Gas Costs (Details Narrative) - $ / shares<br></strong></div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExtractiveIndustriesAbstract', window );"><strong>Extractive Industries [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationExpensePerPhysicalUnitOfProduction', window );">DD&amp;A per mcfe of production</a></td>
<td class="nump">2.48<span></span>
</td>
<td class="nump">2.18<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationExpensePerPhysicalUnitOfProduction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortization computed on the basis of physical units, with oil and gas converted to a common unit of measure on the basis of their approximate relative energy content.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-10.(c)(7)(i))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=50486907&amp;loc=d3e511914-122862<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationExpensePerPhysicalUnitOfProduction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>us-types:perUnitItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExtractiveIndustriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ExtractiveIndustriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>28
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
M4$L#!!0````(`&<PVD9FYPI7%@(``"(G```3````6T-O;G1E;G1?5'EP97-=
M+GAM;,W:2V[;,!`&X*L8VA86S9?Z0)Q-TVT;H+T`*XTMPJ)(D(SCW+Z4G!2M
MX19)&P/_QK(\Y,Q((WTK7WU[")06!S>,:5WU.8</C*6V)V=2[0.-);+QT9E<
M3N.6!=/NS):86*T:UOHQTYB7><I175]]V5.,MJ/%QV-@RKVN3`B#;4VV?F3[
ML3O)NO2;C6VI\^V=*UOJ7$K3FQ*O%K<FYL_&E13L,+`Y</SD]11GKU,PA4BF
M2SU1=D.=\L-`Z5S]8^2I\@UMS-V07U3X\=[5D89Y3>IM>"SUZ5"RI/+;NBK1
M]*P*IQO_UIEUT]#"N/UMQW3^C]=R<A/W;KB)YMZ>%-A?;$S3L7;&CN=&=>_C
M[KOWN]=\3&BZJHZZ98AE8<SVS%-2%M^6:&(E]7_5?GI26A_I606GA1=\*7H3
MJ?N:8YGO^7?CUP67ZV.:Z_S]3T.?@XG-APLB\:(^!$@?$J0/!=*'!NFC`>GC
M+4@?[T#Z>`_2!U^A-((B*D<AE:.8RE%0Y2BJ<A16.8JK'`56CB*K0)%5H,@J
M4&05*+(*%%D%BJP"15:!(JM`D56@R"I19)4HLDH4626*K!)%5HDBJT215:+(
M*E%DE2BR*A19%8JL"D56A2*K0I%5H<BJ4&15*+(J%%D5BJP:15:-(JM&D56C
MR*I19-4HLFH4636*K!I%5HTB:X,B:X,B:X,B:X,B:X,B:_-35C;_->[Z!U!+
M`P04````"`!G,-I&2'4%[L4````K`@``"P```%]R96QS+RYR96QSK9++;L)`
M#$5_)9I]<4HE%A%AQ88=0OR`.^,\E,QXY#$B_?N.V(#"0ZW$TJ][CZZ\#JFL
M#C2B]AQ2U\=43'X,J<K]VG2JL0)(MB./:<&10IXV+!XUE])"1#M@2[`LRQ7(
MK8[9K.?:Q<[51G;NTQ1'E):T-M,(9Y;AFWE89.D\^(GT%V-NFM[2ENW)4]`'
M_K,-`\]YEE<>QW8OG*\M"_V/Z'D4X$G1H>)%]2-F`Q+M*;V"^GH`A3&^.R6:
ME((C-Z."N[_8_`)02P,$%`````@`9S#:1G@<&,8O`@``4"<``!H```!X;"]?
M<F5L<R]W;W)K8F]O:RYX;6PN<F5L<\7:S6Z;0!B%X5NQN(#`?#^3Q(JSRB;;
MIC>`[+&Q8@-BIFIS]Z%>5.X/1UU8.ALLC/3-N^$1&GCJ<[/^DDYM.0Y][HYC
M7OTXG_J\GO_?5%TIX[JN\[9+YS;?#6/JYZO[83JW93Z=#O78;M_;0ZJE:6(]
M7<^IGI_^G+UZW6VJZ747JM77=CJDLJF^#]-[[E(JN;[\A+MY@?GRQYC^9_EA
MOS]NT\NP_79.??E'1?UK@:I>#I+E(*$$Z7*04H)L.<@H0;X<Y)2@N!P4*4'W
MRT'WE*"'Y:`'2M#C<M`C)2@T0,:&DX2PYF@=`->!XW4`8`>.V`&0'3AF!X!V
MX*@=`-N!XW8`<`>.W`'0'3AV!X!WX.@M0&_AZ"U`;R$]:Z.';8[>`O06CMX"
M]!:.W@+T%H[>`O06CMX"]!:.W@+T%H[>`O06CMX*]%:.W@KT5H[>"O16TEX)
MVBSAZ*U`;^7HK4!OY>BM0&_EZ*U`;^7HK4!OY>BM0&_EZ&U`;^/H;4!OX^AM
M0&_CZ&U`;R/M=:/-;H[>!O0VCMX&]#:.W@;T-H[>!O0VCMX&]#:.W@[T=H[>
M#O1VCMX.]':.W@[T=H[>#O1VTKM*]+*2H[<#O9VCMP.]G:.W`[V=H[<#O9VC
M=P1Z1X[>$>@=.7I'H'?DZ!V!WI&C=P1Z1X[>$>@=2=^:7.F=NW9*N[<R'?M#
MOG7-;\-AT17>N7R<TNU3+E-APY7695XIU9?CS6_WR]2?(?5?'\\]?P)02P,$
M%`````@`9S#:1N+1)6GD`P```!```!````!D;V-0<F]P<R]A<'`N>&ULO5=-
M<^(X$/TK*BZ;.6`#`68GE:&*`;))%0$&.]FS8C>@C2RQDLS"_OIMF8^Q$]M@
M#LL%67Y/W>I^ZK;NA6[<S91<@S(,--E&7.@[G/Q>6QFSOG-=':P@HMI!B,"W
M"ZDB:O!1+5VY6+``AC*((Q#&;34:71>V!D0(87U]6K36N[=6^NLU9P$U3(K>
M,PN4U')AR&@;`+]W/P(2!J[L01`K9G:]QAZ3GDHP7D`Y#-!6;T&YACWJUV2"
M&<AH3<7.W3^-F7C7+VM?#JF!-"O[8K_ZBBH(T6AF]=-D@GG<X3ZYY0Y65"PA
M3&,_OSS&XA64MCMMMIP&_DXA.,[OUP8:,K&<4:9T[WYC[C80&*D.:=J8:[,4
MRL`F7;_ZZ)^ND3>JP0Z_US94,2I,C6CV+SZV:GNS^]EDS-?:J-Z?4KWK%8#1
M]^YI,AFFL>DQ:_>ZG02!HRS2/>VL=PA;9M]VQF>&@YXN9E29_RD4R9Z.@>AV
M:JG='Y<@5(1D)`S*D3R)O2E,7CHDI]%@.O&FXZ=AWQ\-R8_^N#\9C(CW.!KY
M7E4\N9G1\QS/Q[_GT03QTP<RG8WF53F#Q_ZD,J?O/>9RF@Z94!,K(')!IG@L
MDE#I7&S+(5X<153M+-AC2\$P<Z@5T@\"&>=R;AWR(]9,@-8$3_P;$R4&V@YY
M0'&15\KCQ*$'A(N`48YYU":7TW'(``\^,T@-&,><Y\*Z#NEK#8;,P3`%B4RF
M;YPM2]SYZJ#90$9`?+J%?,SO#AF"8AM<9E,`^>:09_H7'HI!K`VNIO)AS89#
MIHPGXOV#VFAI4X#$I-V,I=9?CO[-0-GH1E(0;Y7/L<DS,GA?21ZB"[^1T=]Q
M4;":MP<P*J(X/$U,UQPXEN60V`*P([ZB0M.@A(+9&@.>Y<1;9FP:"I#=;#3F
MH$%M@&`7H.3F)9^#"?.`8P5"CW[&Z!)6^=U)1-4UW6I7TC2Y\>D;APME>D#K
M+]7UVOIZB5[+#62%6X[-E>89RD<)G8'G">,,I50A?G6%W%;-]A`,99=FNY[2
M65'&YY+;SO@/5:%58T8`%V6\;CU<2Y%$K\#.)Y4DV^`:^X#"ZG^>0[`S;YC]
M'#IR+_1M#H$4-APV@-4Y[=8E0JZ3"09M8=O(QK:1RSBVFA+<4)C,7EC&,Z&K
M<'#JA_]JG/YRJ6"9[UO!`3VZ5[V+M+]5ZB)E9^%S)4@?A0+?RCB=?!WD<:9F
MA7MB]ANPLAUD75K9TB?HBE99$(/\DGBP=45-K!?8*>-T"G10QNDVKN`TK^`4
MZ*"T+PRK]X5N?E]X$7@KAJ54>!,)R9.!R*HGV@;U5J/9R<3@TTWJP[W)S=[W
M>_\!4$L#!!0````(`&<PVD9POOW&/@$``&D#```1````9&]C4')O<',O8V]R
M92YX;6S-DTU/PS`,AO\*ZKU+NHD>HJX'0)R8A,00B%M(O"VL^5#BJ>N_)\NZ
MEL$NNW&K:[^/7\=))1P3UL.SMPX\*@@W>]V8P(2;9QM$QP@)8@.:ATFL,#&Y
MLEYSC*%?$\?%EJ^!3"DMB0;DDB,G!V#N!F)65U(PX8&C]3U>B@'O=KY),"D(
M-*#!8"#%I"!9_6JVQK:F(J.^KJ+CA@=<6*E6"N1=-Y;]3<7."%Z'HQSDT#[]
MO>@A94C65^Z#&JK:MIVTLU07!R[(^^+I)9U-KDQ`;@1$55`,.P?S[-3Y;7;_
ML'S,ZBDM;G-:YM-R24M&9ZR@'X?)SOR-AG4_Q+]U?#*8MHL*&[ARMTDCTW+3
M9P))",(KA\J:JW`)\T.<8&'W^04"KP?UPG39MM"UULM0I_LU1H>7$U>VMKX[
MIGY%9Z^J_@902P,$%`````@`9S#:1IE<G",0!@``G"<``!,```!X;"]T:&5M
M92]T:&5M93$N>&UL[5I;<]HX%'[OK]!X9_9M"\8V@;:T$W-I=MNTF83M3A^%
M$5B-;'EDD81_OT<V$,N6#>V23;J;/`0LZ?O.14?GZ#AY\^XN8NB&B)3R>&#9
M+]O6N[<OWN!7,B0103`9IZ_PP`JE3%ZU6FD`PSA]R1,2P]R"BPA+>!3+UES@
M6QHO(];JM-O=5H1I;*$81V1@?5XL:$#05%%:;U\@M.4?,_@5RU2-9:,!$U=!
M)KF(M/+Y;,7\VMX^9<_I.ATR@6XP&U@@?\YOI^1.6HCA5,+$P&IG/U9KQ]'2
M2(""R7V4!;I)]J/3%0@R#3LZG5C.=GSVQ.V?C,K:=#1M&N#C\7@XMLO2BW`<
M!.!1NY["G?1LOZ1!";2C:=!DV/;:KI&FJHU33]/W?=_KFVB<"HU;3]-K=]W3
MCHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5`TR``6'!V
MULS2`Y9>*?IUE!K9';O=05SP6.XYB1'^QL4$UFG2&98T1G*=D`4.`#?$T4Q0
M?*]!MHK@PI+27)#6SRFU4!H(FLB!]4>"(<7<K_WUE[O)I#-ZG7TZSFN4?VFK
M`:?MNYO/D_QSZ.2?IY/734+.<+PL"?'[(UMAAR=N.Q-R.AQG0GS/]O:1I24R
MS^_Y"NM./&<?5I:P7<_/Y)Z,<B.[W?98??9/1VXCUZG`LR+7E$8D19_(+;KD
M$3BU20TR$S\(G8:8:E`<`J0),9:AAOBTQJP1X!-]M[X(R-^-B/>K;YH]5Z%8
M2=J$^!!&&N*<<^9ST6S[!Z5&T?95O-RCEU@5`9<8WS2J-2S%UGB5P/&MG#P=
M$Q+-E`L&08:7)"82J3E^34@3_BNEVOZ<TT#PE"\D^DJ1CVFS(Z=T)LWH,QK!
M1J\;=8=HTCQZ_@7YG#4*')$;'0)G&[-&(81IN_`>KR2.FJW"$2M"/F(9-AIR
MM1:!MG&IA&!:$L;1>$[2M!'\6:PUDSY@R.S-D77.UI$.$9)>-T(^8LZ+D!&_
M'H8X2IKMHG%8!/V>7L-)P>B"RV;]N'Z&U3-L+([W1]072N0/)J<_Z3(T!Z.:
M60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+`.7\N
M?<^E[[GT/:'2MS<C?6?!TXM;WD9N6\3[KC':US0N*&-7<LW(QU2ODRG8.9_`
M[/UH/I[Q[?K9)(2OFEDM(Q:02X&S022X_(O*\"K$">AD6R4)RU3393>*$IY"
M&V[I4_5*E=?EK[DHN#Q;Y.FOH70^+,_Y/%_GM,T+,T.W<DOJMI2^M28X2O2Q
MS'!.'LL,.V<\DAVV=Z`=-?OV77;D(Z4P4Y=#N!I"O@-MNIW<.CB>F)&Y"M-2
MD&_#^>G%>!KB.=D$N7V85VWGV-'1^^?!4;"C[SR6'<>(\J(A[J&&F,_#0X=Y
M>U^89Y7&4#04;6RL)"Q&MV"XU_$L%.!D8"V@!X.O40+R4E5@,5O&`RN0HGQ,
MC$7H<.>77%_CT9+CVZ9EM6ZO*7<9;2)2.<)IF!-GJ\K>9;'!51W/55ORL+YJ
M/;053L_^6:W(GPP13A8+$DACE!>F2J+S&5.^YRM)Q%4XOT4SMA*7&+SCYL=Q
M3E.X$G:V#P(RN;LYJ7IE,6>F\M\M#`DL6XA9$N)-7>W5YYN<KGHB=OJ7=\%@
M\OUPR4</Y3OG7_1=0ZY^]MWC^FZ3.TA,G'G%$0%T10(CE1P&%A<RY%#NDI`&
M$P'-E,E$\`*"9*8<@)CZ"[WR#+DI%<ZM/CE_12R#ADY>TB42%(JP#`4A%W+C
M[^^3:G>,U_HL@6V$5#)DU1?*0XG!/3-R0]A4)?.NVB8+A=OB5,V[&KXF8$O#
M>FZ=+2?_VU[4/;07/4;SHYG@'K.'<YMZN,)%K/]8UA[Y,M\Y<-LZW@->YA,L
M0Z1^P7V*BH`1JV*^NJ]/^26<.[1[\8$@F_S6VZ3VW>`,?-2K6J5D*Q$_2P=\
M'Y(&8XQ;]#1?CQ1BK::QK<;:,0QY@%CS#*%F.-^'19H:,]6+K#F-"F]!U4#E
M/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_`5!+`P04````"`!G
M,-I&?Y8%D$<"``#W"0``#0```'AL+W-T>6QE<RYX;6S-5EUKVS`4_2M"&:.%
M$=L)3>EJ&T8A,-C*H'GH6Y%MV1;HPY/ES.ZOGSX<.PED:=-VQ"^Z/KKWW*,K
M^<IAK3J*'TJ,%6@9Y74$2Z6JKYY7IR5FJ)Z*"G,]DPO)D-*OLO#J2F*4U2:(
M46_F^PN/(<)A'/*&+9FJ02H:KB(X'R#@XN]$AB/X=/'Y=R/4[2?@QLF7R<1_
MNKS=QR_LQ"4$CN-[%L%@<06]EY-._<.\>FZ/>O%*ZG]R[Y-?&W*O+U`<YH*/
M=9I!!\1A_0S6B&K_P+BG@@H)E-X(K<(B'#'L/.X0)8DD!LP1([1S\,P`=N]Z
M/T:XD#:WR["?9^J/F6211-#OGY>G2T9V.YCE$4IWEZ>!.*R04ECRI7X!O;WJ
M*KTX+CAV(JW?$>]"HBZ876T%V$'G383,L!PR!W`#Q2'%N=(!DA2E&96HC'2A
ME&#:R`@J!$?44&XB>D/3IIC2!_.E/.8[W&T.G(_98Q\"HV)CZD+TYG@,;%&]
M;3;'O4WKG\0+VGQ(H*-15='N&R4%9]B)==!2]&_'Z(,#]'&(-JR@%)(\:W]S
M$%(-8`G!&DM%TFWDCT35"K>J/\%>FQ]2>.J2/U+3^U=M5*./X/\NS\G)+73?
ML`3+I6V-KY<TOSZ^9?;KA'LR/UR9N57.5MKB7*7-;\Y5F;EMWR;-Z[OR5NO?
M:?P#"I*&4$7X1@,R5_6]T4UW>O+8]#5GUH[]WLXJE.B_L)TLFBS#.6JH^D76
M0MG)"([V#R,_6`Q>JX$B@J/]$V>D83=6P?BK%_\%4$L#!!0````(`&<PVD80
M:6'6:P4``-\4```/````>&PO=V]R:V)O;VLN>&ULE9A=<]HX%(;_BL8WFUZ$
MX,\TF=(9"F23F31D@7:O%5N`MK;%2G*2]M>O9$CW=3BEX0K\]5@?SSDZU@=S
M^:3TMP>EOK'GJJS-I1X$:VLWEV=G)E^+BIN>VHC:75LJ77'K#O7J3"V7,A=C
ME3>5J.U9U.]G9UJ4W$I5F[7<F&!',V^AF8T6O#!K(6Q5;F$5EW7P\8.Y7,I2
M?!7:.##CF\T=K\0@>"X#5G)C)X6THA@$B3M43Z)S0C>;3XTL_4':3X,S#WOI
MZKUFN2K$%K982_/W[D+`"K'D36D7KK$O[QT$891$4;9E^-N^2O%D$.A/,)Y;
M^2@6_&$0]`/&&ZNN9&F%'G,K_M2JV<AZY5@!6TIM[-QWM[VSDK6LY`_?;G=D
MUNKI6FGY0]66E_-<J[)LG_(7VH?<&\S/,ZZ-5N:=&RU_F/F9&`19WP$?I9$/
MLI3V^R!H_Y?"]^3L55?:X?__'ZO;P7F98L;K@DUJZRCLIMY.GAL:WP9W\TW1
MOEA?2O='WQ3A=J@0-)K>S:>W-^/A8C)FGX:WP[O1A,VO)Y/%'"`10**C(.SD
MG@,H!E#\&]!\X7X^3^X<9'K%IO>3&8`2`"5'@4;7PSL`I0!*CP,-Y]<`R@"4
M[8/"'KOCMM&"J26;;H3>!B4`S@%PO@^(>FS>5!77WSUA+E>U=,'.G0/#/%<-
M@-X#Z/T^*.ZQ3XV1M3"&C53U(.N]IEP`X6*?D/38%9>:?>5ET_;GRC'J7/+2
M26@LVM='_?K[J+3'1EJX]."(>1L-^'1'7L+>K,>&QKC#F;!2BS8BI@^E7.WU
M*$2%0\+A\YYK>ZXJP1;\670>16E#PMKW/3866CYRGV<Z3Z*E(:'I18]]YO\H
MS4:-L>[=NO,TJAD2;H;]'IO*LLT!?W(_F<9V`*AD2#GII#RY5<:\>^G[O=#>
MB<IE]?D:42AG2-@9>CVMRK^M55FX?OS!)O\VKV83O0P),<-XQW#QL3=_J&1(
M.!DZ*6=^J1,%N^?:Y<.%YK7QR;]+BE#)B%`R=$[>"FY$.Q+2>JLZ`+0R(JP,
ML^Z\S(01^E$PM^!P=O(%49W$2E@9.BWGHA2Y[]9?C>N7T.7WG_&&*+0T(BP]
MF#^B!%&H;41H^ZL,PD[<&NB6,4"APQ'A\'[\[R#F'6+0Y(@P^6`BB,X1A29'
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M0B7U7U1)^TDF1=O3-V5US#'8P11M3ZG4?@B5HNTIVIY2N9U`3>W:C9?T7Z>(
M0MM3*K<?:)6#(0IM3PG;B140,Q:B.I^#E.T'R\S.L*/M*64[O:+N6H9+:HJV
MIY3MAY;4TTZKT/:4LOT0*D7;4[0]I6P_A,KZ^.V,MF>4[0=1(:+0]NS8ZCQ#
MVS.T/3NZDADC"FW/CJUD,JQD,K0](VS_4N=.SY7?JW*L&RLJ'SK5<WX:]<.T
M,^QH>Y;NMI_:R^V.4R&6KB`J_'Z<:5^3\S+WFW3N9_M1G:3^P\P??U:%>[??
M70O8LBG+D3LWK6\5]_?MR"_;<A__`U!+`P04````"`!G,-I&P@[9/8<"``!\
M"0``&````'AL+W=O<FMS:&5E=',O<VAE970Q+GAM;'U678^C(!3]*\8?,`JB
MMHTUZ4<VNP^;3.9A]YFVM#6CT@':SO[[!;2.A>N\*.`Y]UR0<Z&X<_$NSXRI
MX+.I6[D,STI=%E$D]V?64/G"+ZS57XY<-%3IKCA%\B(8/5A24T<XCK.HH54;
MEH4=>Q5EP:^JKEKV*@)Y;1HJ_JU9S>_+$(6/@;?J=%9F("J+:.`=JH:ULN)M
M(-AQ&:[08HMR`[&(/Q6[RU$[,,GO.'\WG5^'91B;'%C-]LJ$H/IU8QM6UR:2
M5O[H@WYI&N*X_8C^PTY7I[^CDFUX_;<ZJ+/.-@Z#`SO2:ZW>^/TGZ^>0FH![
M7DO[#/97J7CSH(1!0S^[=]7:][W[0G!/@PFX)^"!@+-O"4E/2`8"(M\22$\@
M#B'JIF(78DL5+0O![X'H_MZ%FDV"%D0O]=X,FI75BR#U-X,HBUL9%]'-A.D1
MZS$"6P0:$)&./0A@2&"-/3I^%MCXB.09L?41!$XA`>>8C.B)I:<PG8!T,J(3
M2\^<)?(1.2R0@@*I1Y\Y`AVBM8BT2R$C:`:+9*!(YHG,'1$?@6)8(0<5<I^/
M'`D`@F&)&2@Q\_G.7ED#D(G-,@<EYCX_=20`2`9+F)(#F2[V(^2N[0#,Q`]'
M$]9&?@3WGT.8*170WRN$O0C8*R$`9J*((-C"*/$C8%<%P"03*K#3D6]D3)Q:
MU&,Z+V:=%_&<D'3"*PCV//)-CYU]MD&^[7&<Y#B;VFVP\Y%O;.Q6,`@S4<,0
M['[D>QN[9:S'/$_(LV<T.KL:)D[V$B"#/;^VJCNDAM'AHK&RQW'T!2^+"SVQ
MWU2<JE8&.Z[T"6K/P"/GBNEDXA>]NF=]%1HZ-3LJT\QU6W27@ZZC^.5QUQDN
M7.5_4$L#!!0````(`&<PVD;#[Q9*#00``&02```8````>&PO=V]R:W-H965T
M<R]S:&5E=#(N>&ULC9A-;^,V$(;_BN'[KCC#[\`Q4*<HVD.!Q1[:LQ(SL;&2
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MP4X-/G7-</Y=/+T.8]>^ARP7;?U]ONX/Y^MI_B>H2Y@<@)<`O`:`^=\`?0G0
M)*":G9W']6L]UNM5WYT6_?PQCO7TS>%.YYE[FEY.$Y7'-.3_)L5Z];;&N*K>
MIG8NDLVM!&?)1\4#5VAUE52Y_ZL)%$W@3;R>XT&.UV*\OHDW<SRQN)DEA[/$
MG271J6#(0+@*;):A;,:(9@P?C);CK1AO^6"(S8V]L6EG23`F6#(:+G,85`RR
M&R>Z<=P-Z6;C>#?&LJGE*@A@C.S%BUX\]^*(%\]Z,<9!(%ZX"D-0!2]!]!*X
M%T^\!-:+#=%[(&:X+&@`+'RE*+J)/.<*\1/3)`PH/A[&`<4G5UFGC=&4!URI
MK7'*F\*RA@*<@+DRBKH"GEC*^<@8Q771:.L*AF10`7)#0`TAZ^@3Q*"#HMGZ
M($J#\19\(1E!!B!P`AI*0-`\ZU70"#%26UP)7OD8L0`RD$D(AKO2U)7A215B
M4-02EWF\R="/=F2P`B>KH60%SDP$XU6TS!%7@H\0,!:V/I`!"XZM76,++<A8
M!,Y%0[D(M\ASEP31@!1&(*#1>E/:CD&&(W`Z&D][XMQS5I7F3L8>1-X/9?U%
M\W%+B*$P()3QB!R/AN(1U<]-,0IP5"%"H<A`&8W(T4A3=(,<>38GLE(TEP4A
M&K2J]#FP4,9Q.EI*1^3(`]0*@;)1$$9TUON")1F,R,%H*1B1X\[EHL^S6>*Z
MD.L<4Z`0RE!$#D5+H8B&I5)`9U#1120(C8402[L_RF1$RQAD"QL0RA1#7B?:
M`L50IAARBEE*,>04`V41-"U`?D+XT9/,,>0<L[3*0\ZQO%=:I=FZ%X`7<]Z7
M:(\R\Y`SSP;JB3//YO5LV;8J";USUA7*(BWC47,\6HI'S;'W2>>:4-%YDH4J
MQ@(@M0Q(S0'I*""U4#MJS-4CJVA%I8Y1VY(K&9&:(])11&IDR5NH001EH0:I
M;LX#CO5+^K/N7_:'8?'8C6/7G@\'GKMN3+E5]3G38)?J[?6A2<_C=.OS?3\?
M@LP/8W=\/].Y'BRM_P-02P,$%`````@`9S#:1KDO,C<^`@``$0@``!@```!X
M;"]W;W)K<VAE971S+W-H965T,RYX;6R-ELN.FS`4AE\%\0!C<T]&!*E#5;6+
M2J-9M&LG<0(:@ZGMA.G;UQ="P?9D)HO@R_^?\QT;V90C9:^\P5@$;QWI^2YL
MA!@>`>"'!G>(/]`!]W+F1%F'A.RR,^`#P^BH31T!,80YZ%#;AU6IQYY95=*+
M(&V/GUG`+UV'V-\G3.BX"Z/P-O#2GANA!D!5@MEW;#O<\Y;V`<.G7?@E>JPC
M+=&*7RT>^:(=*/@]I:^J\^.X"Z%BP`0?A`J!Y..*:TR(BB0S_YF"_L^IC,OV
M+?HW7:[$WR..:TI^MT?12%H8!D=\0A<B7NCX'4\U9"K@@1*N_X/#A0O:W2QA
MT*$W\VQ[_1S-3%9,-K\AG@SQ;(C2NX9D,B26`1@R7==7)%!5,CH&S&S&@-2>
M1X^)7+F#&E0+)6OB<DXIJO):Y7$)KBK.)'E:2F(ML12UJTC@+`$R_PP1>R'B
MA3_1_BSU^Q.O/UGX4U-$8A5A)+V6Y%H2647<4ZP84B]#ZC*D%D.ZR)"9#-#\
M+)1/"%=$F9<H<XDRBRAS$MDH]Q0KAMS+D+L,N<60?\AP3[%B*+P,A<M06`S%
M(D-A,CQ8:U7?UZPX-EZ.C<NQL3@V3J6I_PWYA'!%M/42;5VBK46T=1+%$4QC
M>Q?KCW4K'G6T^DXCZ!`5T#Z.H)L*)H6+Y!=NWF=ZYX2,7*;(9HJ<5'GA[II/
MEKM[!A:']X#.^"=BY[;GP9X*>0_HD_Q$J<`RI'P%PZ"1]_/<(?@D5+.0;69N
M+-,1=+A=P/-70/4/4$L#!!0````(`&<PVD;B,]#-?P0``,`4```8````>&PO
M=V]R:W-H965T<R]S:&5E=#0N>&ULC5C+;N-&$/P507>;TSW#>1BR`$M$D!P"
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M`6"_#-"7`/T18+X,,)<`0P*2L92A([*\RY>+IC[/FG'T3GD_2>#!Q*[>]"_[
MGHV=T,;_>L1R\;9TN$C>^CP7R.H6@@,$KH@D)K^V@%(+*V3AI($U1VCU&9)Q
MB-,R"2V6J6_B]1AOY'@CQIN;>#/&IZ2;1LAQ@-BQ"JVM1TNJ%7`A&`PD7R;@
ME-5..9EW*O).&6]#NG:5WK23#I!4@PN$-4<99PVI+>,HC4YYF;$5&5O>TZ25
ME>6MZ*"4(CVXYCBC#`0#A+603P5K()5Y.Y&WXS-L8J2\&.]YW9[4[1E/T$IY
M)".Z%G"HP8,A=0NX/IN96%E!Y!TX;S)W5H&U@RYHJ@(<98RV=(9QE`[Z9H9\
M8MPKOJ1YBG'V=%5<,)\[VZ*WE+8$A!2,)\!,!"IE<&*:P81@`R</E#Q(,R"X
ME,X4"1C+##I0\@)0H?=FJN=%+W@"Y.29W:`TQ)&5H>0%8!HU2='U+0$Q53:H
M"?*RAX#FY#4EKUE3=ZD!G5(]%8#&.4W5.9,20FK03<T:V;_`,'GR$P8(LI,`
MMQ)/+1`$EZ"B+&"`?G)D`@@Q3/"5?02XD7AJ),"5_RX$I(.PEG`VU=Y1V@(N
MPFZD[C-SV4G`<>:.,G?2>HQ3FC+GN+Y".\5(]B;@YN2I.0%W$_2.K5F.N@-K
MC&-=*0!3;=6$-X%L3L#=R5-W@EM+L==!,W1VKT'P'HB.H"EU(2$JY]W$=Q#*
M+H6*+=DIP4+9*I!;12#:N$8N[#954^W(JHY<U0-5=43>*1"<"73&(A?K%*EQ
M95(Z#:F:T#24%1VYH@>JZ"@)L$B<`P&8Y692OJ^8RWJ.?$,2#&7.=Q!WT6`"
ME<&U`-0*XH<`I2XD!!?W)%/<92?!E$_L"3=#6=N1:WN@VHZW6NQ&LNH>'*V=
MPR**[L7D9&K"D5#6=>2Z'JBNH_M_K#E,8BTFFV0M:S]Z/EI30B:+,'(1YJ,E
M[!&4]FSAKV6@#7R=_1KX^=Q`5F'-]PILT#3_LI?)BT"#X.G.3,X8R=.Q2V[.
M>:JB>1D.S-K9IGX]=N-)R?7M]5#N"?MS(O)^!0_9>+3VD6:Y..4OQ9]Y\W(X
MMK/GNNOJ:CA'VM5U5T2>ZCXNY7V1;Z\/9;'K^EL7[YOQ@&U\Z.K3^WGA]=!R
M^1]02P,$%`````@`9S#:1I0!CIXQ!```7!,``!@```!X;"]W;W)K<VAE971S
M+W-H965T-2YX;6R%6$V3HD@0_2N&=P>R/J'#-F+]('8/&S$QAYTSK65K#(@+
M=#O[[[=`VK8RD_:B@"^S7F95O5<ROU3UK^;@7#OY71:GYGEZ:-OS4Q0UVX,K
M\^9;=78G_\N^JLN\];?U:]2<:Y?O^J"RB$0<FZC,CZ?I8MX_^UXOYM5;6QQ/
M[GL]:=[*,J__6[JBNCQ/8?KQX,?Q]=!V#Z+%/+K%[8ZE.S7'ZC2IW?YY^@<\
M94)UD![QS]%=FKOK24?^I:I^=3=_[9ZG<<?!%6[;=BER__7N5JXHNDQ^Y'^'
MI)]C=H'WUQ_9L[Y<3_\E;]RJ*GX>=^W!LXVGDYW;YV]%^Z.Z_.F&&G27<%L5
M3?\YV;XU;55^A$PG9?[[^GT\]=^7ZR\F'<+X`#$$B%N`D%\&R"%`W@)NQ/@`
M-02HSQ'LEP%Z"-"?(R1?!I@AP'P&]#5$UV;UK5[G;;Z8U]5E4E_7QSGOEB$\
M&3^9V^YA-W>^S8W_K4,LYN^+-)U'[UV>`;*\AX@>`G$<8E8<!D+,FL.($+/A
M,#+$9!Q&W3"1+_=6LV!K%G<)U)!`HZ*OF%./T3U&Q&D*8%#A%#<S$HSE^4B6
MCV3XH'&6\FX<\U%TJG6"^%#<3`JM%*IO37'&Q(G4:&(W%*>-@D18-"D,/Y%:
M)=*8[X1B.Z&83J"1-HIV'*R15B%&CW$!(<T2T@PAW')-6PY:*]RAA["`CF'I
M&(8.VJXK0^L6B<2;Z!$J(&-9,I:2`;1\EI8NB\3BM6@)%U!*HC9G3"J_TT88
M)RSCA&&,52JA9&0BB0@EE$T("^BD+)V4H8,$<9D2.M+B39I1T"Q`!5PZH^6,
M(&;8H*J7`RB012_BB<&RR`!G7F"P;V1<PEB:^X0A^1$7`X:\PN2!T5`-"N^-
M%0.<2>7E'TW..@!>V1MK_)9$BVK#`+4R6FGB;0Q'D4J3)GJD(;S%`>=Q6$F!
MFI>,@<QZ]A@74N)=#AB;(WH!U$<L7C3K`'3EDQ#'S#A4$H^M*]Z/@#$DHAA`
MG0:T4`H+6(`S'"ZDQ#L2,)9$5`,T(ZET\U'4+("%?'A+`L:3`)^F@-J-UPTE
MJ&XPOL3J!I,PEHD8U0W>PH#S,'ST`L9Y8BV`Z@8%CN@&=3R3"C#XE+9A@-H:
MHW'?,HZCE&DJM1AI".^0P%@DU0WJD7V="6'U&!B2XGT2&*,DIS!(:?-UC$]'
MV4-8^/^!]TK!>"4YAPG&`H&NY(>PD!#O?X+S/ZQ3@IH0:"G)K`G&@T)<2&GD
M3Q;C0#"R&`7O&()S#+08EX+*/"\M#'!F+#,A3,)8VE%I$;QU",XZ$DR>L016
M6AB@WTE>&,DD4Z"-_5E0XB,)`]1*^#^4I!\,1REB8Q7V_^CNI<,Y?W5_Y_7K
M\=1,7JJVK<K^#<2^JEKGL\;?O/<<7+Z[W11NWW:7UE_7UY<_UYNV.G^\R[J]
M4%O\#U!+`P04````"`!G,-I&9';059H%``!J&P``&````'AL+W=O<FMS:&5E
M=',O<VAE970V+GAM;'U937,:.1#]*Q1W!ZE;'R,7IBHPM;5[V*I4#KOGB3VV
MJ0#C,.,X^^]7`YA`]Y,OP`Q/TFM)_9X^YF_=_GO_W+;#Y-=VL^OOIL_#\'([
MF_7WS^VVZ3]U+^TN__/8[;?-D!_W3[/^9=\V#X="V\V,C`FS;;/>31?SP[LO
M^\6\>QTVZUW[93_I7[?;9O_?LMUT;W=3.WU_\77]]#R,+V:+^>Q<[F&];7?]
MNMM-]NWCW?2SO:T=CY`#XI]U^]9?_)Z,Y+]UW??QX:^'NZD9.;2;]GX8JVCR
MU\]VU6XV8TVYY1^G2G^W.1:\_/U>^Q^'<#/];TW?KKK-O^N'X3FS-=/)0_O8
MO&Z&K]W;G^TI!C]6>-]M^L/GY/ZU'[KM>Y'I9-O\.GZO=X?OM^,_E3D5PP7H
M5(#.!6SXL`"?"O#O`N[#`NY4P(D"LV,HAXZHFZ%9S/?=VV1_'+V79IPD]M;E
MKKX?7XX]FSNAS_^-B,7\Y\+:-)_]'"LZ89:7&#IBSHA9KOW<!*$FEJ2*TW4#
M*XU@<PVI-20R)L$P3KXHS\<8R.`*'*S`753@#A4D)_KI"-D=(.$`N6%G4A5$
MN!K'QEK+(F10G8V!H\.T/:3M0=R%T0NP@J#BMB3&;QDNF/H3TQ1=$A-II7&>
MO!QI4!E;;PI11T@Z`M*B>Y=1M6,]LQHL!"/G*L$:P+AB4YBC%61=`=9RCE6@
MG4!5D"D%<-9;5PE<C7#&./*8>(+$DR(>I88DU0[%Q)*U1CG'00Q)G73^)(X!
M,QY5'^F>`9WMI?`9,+$-F2`G-@"F1!>#<DVI(,46Y&HI*BBUGRV!J**,BO28
MIV@CRZ`T[B:99*P8CBO<NU#9>)EQU]RQ0EL&W"O)G4%;OK).<F?`W4L-J!&,
M+G7KFCAV!JNMP9*:(4YWNDEDO62$5-\&YPOZ9['L6Z\Y24]=GD!7;05OC*3N
M%?4KU#4?["(6V`A;R4=+?ZJ<M-D5@#FF*LF>#*`G(_NJ0!P[B056(F5K:8'Z
M9ZM.4@57"%AEW=$YI8&5#3&5%`4;BJVTHG`I*[&T6ZWMEJ4I6:W(-R[&"#H`
M(&ET]R@-U6HON,E3V&07*RP^L=`3$'J664=(Z#,M4YKFA"6<+&A,V-?R!+J>
MF.0D;H5P9/3*V**.JDS!.0@[!P'G8.D<!!PA6Z]7ZWF`"TR:.G`.EVPA0PG[
M!@'?8.D;I(7>1R,U8P5@-]Y159IRV!`(&`++!1$!0_#12O$%L!3R,E6F"VG?
M""FOXPK$L6L0<`TG78.T'>1D]R&%2G('_I)3.`2I_#6JDSBEJJ16A&V&@A8\
M5QH\+/@$!-])P:>H(\MJ(2V(M(KGU8IWL<`(JSB!?8&3BS6J%*/J4@-.A,!R
M/X]&J9.Q)1"P!"<M@8#0"T$]$8<Z'[U"U@C)'V@T8T-@8`A.KOQ9&P('0&H%
M@!4(LP8X&\P'Y+'!,#`8)PV&M2.PMRDE*\D#Z_`V6+GDJ@%P7+7$4#`9QB;#
MP&2<-!D&YN$S>:DN"&<-RQUSC7#,1+&PQ>7"`1*P&7D*L&3M']8'(W?=*X0+
MP:E\!3B7JE#R(\9^Q,"/G/0C1D9C*KGX!C`488UPUQ%>,\>&Q.#XRI<R!EL"
M@YV'ESL/!CN/O/=6P>LM1<@;9Y7K&I97-:6-!V,?8N!#<J&U9'3L9+C@^HS]
MA<$NP9<.5[$EL+8$W<?:$2@ZE4,K@,L[#GT\BG!YM5(Z<G/8#9P!P1?VV@YK
ML@.:[.4.PR$%S?K)A81P6$$=4%`O5<,A9?QH-^.PY#D@>3[*QO2)3,X<'=?L
MXD9BV^Z?#E<[_>2^>]T-QR/]\]OS]=%G&F\TQ/NEO:V/ET"_JUG,7YJG]N]F
M_[3>]9-OW3!TV\.-QV/7#6VF:3YE)7ENFX?SPZ9]',:?,?_>'Z^"C@]#]_)^
MLW6^7EO\#U!+`P04````"`!G,-I&IS]/8Z0!``"Q`P``&````'AL+W=O<FMS
M:&5E=',O<VAE970W+GAM;&U3RV[;,!#\%8(?$$JRG::&+"!.4;2'`D$.[9F6
M5A(1DJN2E)7^??F0%2'1A>0N9V9G^2@G-*^V!W#D34EM3[1W;C@R9NL>%+=W
M.(#V.RT:Q9T/3<?L8(`WD:0D*[+LGBDN-*W*F'LV58FCDT+#LR%V5(J;?V>0
M.)UH3F^)%]'U+B185;*%UP@%V@K4Q$![HH_Y\;P/B`CX+6"RJS4)WB^(KR'X
MV9QH%BR`A-H%!>ZG*SR!E$'(%_X[:[Z7#,3U^J;^/7;KW5^XA2>4?T3C>F\V
MHZ2!EH_2O>#T`^86#D&P1FGC2.K1.E0W"B6*OZ59Z#A/:6>7S[1M0C$3BH7P
MD$7CJ5"T^8T[7I4&)V+2T0X\W&!^+/Q!U"$9^O86K=\+B*J\5OGAH637(#1C
MSFM,D3`+@GGUI42Q5>)<?*(7V_3=IL/=BKZ;'7[=%MAO"NQ7`OLD<)]]:'$+
M\[%)MCI3!::+3\>2&D?MTN$MV>5U/A;Q3M[A53GP#GYQTPEMR06=O]EX-RVB
M`V\ENSM0TOO_LP026A>67_S:I">5`H?#[8,LO[3Z#U!+`P04````"`!G,-I&
MP1`-]*0!``"Q`P``&````'AL+W=O<FMS:&5E=',O<VAE970X+GAM;&U3VX[;
M(!#]%<0'+`YQTC9R+&VVJMJ'2JM]:)^)/;;1`N,"CK=_7\".U]KZ!9CAG#-G
MN!0CVE?7`7CRII5Q9]IYWY\8<U4'6K@'[,&$G0:M%CZ$MF6NMR#J1-**\2P[
M,BVDH661<L^V+'#P2AIXML0-6@O[]P(*QS/=T7OB1;:=CPE6%FSAU5*#<1(-
ML="<Z>/N=,DC(@%^21C=:DVB]ROB:PQ^U&>:10N@H/)1083I!D^@5!0*A?_,
MFN\E(W&]OJM_2]T&]U?AX`G5;UG[+IC-**FA$8/R+SA^A[F%0Q2L4+DTDFIP
M'O6=0HD6;],L39K':2<_SK1M`I\)?"%\SI+QJ5"R^55X41861V*GH^U%O,'=
MB8>#J&(R]ATLNK`7$65Q*W='7K!;%)HQES6&3Y@%P8+Z4H)OE;CP_^A\F[[?
M=+A?T?=3]<.7;8%\4R!?">1SB_L/+6YA\@]%V.I,-=@V/1U'*AR,GPYOR2ZO
M\Y&G.WF'ET4O6O@I;"N-(U?TX6;3W32('H*5[.%`21?^SQ(H:'Q<?@IK.SVI
M*?#8WS_(\DO+?U!+`P04````"`!G,-I&YO$5]:,!``"Q`P``&````'AL+W=O
M<FMS:&5E=',O<VAE970Y+GAM;&U3VV[C(!#]%<0'%`<G:14YEIJNJN[#2E4?
MVF=BCR\J,%[`<?OW!>RX5NL78(9SSISAD@UHWFT#X,B'DMH>:>-<=V#,%@TH
M86^P`^UW*C1*.!^:FMG.@"@C24G&DV3/E&@US;.8>S9YAKV3K89G0VROE#"?
M)Y`X'.F&7A,O;=VXD&!YQF9>V2K0MD5-#%1'>K\YG+8!$0&O+0QVL2;!^QGQ
M/01_RR--@@604+B@(/QT@0>0,@CYPO\GS>^2@;A<7]4?8[?>_5E8>$#YUI:N
M\6832DJH1"_="PY/,+6P"X(%2AM'4O36H;I2*%'B8YQ;'>=AW$G3B;9.X!.!
MSX2[)!H?"T6;?X03>69P(&8\VDZ$&]P<N#^((B1#W]ZB]7L!D6>7?+/?9>P2
MA";,:8GA(V9&,*\^E^!K)4[\%YVOT]-5A^F"GDX.]^L"VU6![4)@.PG<_FAQ
M#7/WHPA;G*D"4\>G8TF!O7;CX<W9^77>\W@GW_`\ZT0-_X2I6VW)&9V_V7@W
M%:(#;R6YV5'2^/\S!Q(J%Y:W?FW&)S4&#KOK!YE_:?X%4$L#!!0````(`&<P
MVD9PW%INI`$``+$#```9````>&PO=V]R:W-H965T<R]S:&5E=#$P+GAM;&U3
MVVZ<,!#]%<L?$(-WDS0K%BF;*FH?*D5Y:)^],(`5FR&V6=*_KR\L02DOMF=\
MSIDSOA03FC?;`3CRH55OC[1S;C@P9JL.M+`W.$#O=QHT6C@?FI;9P8"H(TDK
MQK/LCFDA>UH6,?=BR@)'IV0/+X;846MA_IY`X72D.;TF7F7;N9!@9<$67BTU
M]%9B3PPT1_J8'T[[@(B`WQ(FNUJ3X/V,^!:"G_619L$"**A<4!!^NL`3*!6$
M?.'W6?.S9""NUU?UY]BM=W\6%IY0_9&UZ[S9C)(:&C$J]XK3#YA;N`V"%2H;
M1U*-UJ&^4BC1XB/-LH_SE'9V#S-MF\!G`E\(W[)H/!6*-K\+)\K"X$1,.MI!
MA!O,#]P?1!62H6]OT?J]@"B+2YG?/13L$H1FS&F-X0FS()A77TKPK1(G_A^=
M;]-WFPYW*_HN5;_/M@7VFP+[E<!^%LB_M+B%^>J2K<Y4@VGCT[&DPK%WZ?"6
M[/(Z'WF\DT]X60RBA5_"M+*WY(S.WVR\FP;1@;>2W=Q2TOG_LP0*&A>6]WYM
MTI-*@</A^D&67UK^`U!+`P04````"`!G,-I&8*(&`J,!``"Q`P``&0```'AL
M+W=O<FMS:&5E=',O<VAE970Q,2YX;6QM4]N.VR`0_17$!RP.<395Y%C:;%6U
M#Y56^]`^$WMLHP7&!1QO_[Z`':^U]0LPPSEGSG`I1K1OK@/PY%TKX\ZT\[X_
M,>:J#K1P#]B#"3L-6BU\"&W+7&]!U(FD%>-9]LBTD(:61<J]V++`P2MIX,42
M-V@M[-\+*!S/=$?OB5?9=CXF6%FPA5=+#<9)-,1"<Z9/N],ECX@$^"5A=*LU
MB=ZOB&\Q^%&?:18M@(+*1P41IAL\@U)1*!3^,VM^E(S$]?JN_BUU&]Q?A8-G
M5+]E[;M@-J.DAD8,RK_B^!WF%@Y1L$+ETDBJP7G4=PHE6KQ/LS1I'J<=?IQI
MVP0^$_A"^)(EXU.A9/.K\*(L+([$3D?;BWB#NQ,/!U'%9.P[6'1A+R+*XE;N
MCON"W:+0C+FL,7S"+`@6U)<2?*O$A?]'Y]OT_:;#_8J^GQWFVP+YID"^$LAG
M@<.G%K<PCY^*L-69:K!M>CJ.5#@8/QW>DEU>YQ-/=_(!+XM>M/!3V%8:1Z[H
MP\VFNVD0/00KV<.!DB[\GR50T/BX/(:UG9[4%'CL[Q]D^:7E/U!+`P04````
M"`!G,-I&P\'T3J0!``"Q`P``&0```'AL+W=O<FMS:&5E=',O<VAE970Q,BYX
M;6QM4]N.VR`0_17$!RP.29HT<BQMMJK:ATJK?6B?B3VVT0+C`HZW?U_`CM?:
M]0LPPSEGSG#)![2OK@7PY$TKX\ZT];X[,>;*%K1P#]B!"3LU6BU\"&W#7&=!
M5(FD%>-9]H5I(0TM\I1[MD6.O5?2P+,EKM=:V'\74#B<Z8;>$R^R:7U,L")G
M,Z^2&HR3:(B%^DP?-Z?++B(2X+>$P2W6)'J_(K[&X&=UIEFT``I*'Q5$F&[P
M!$I%H5#X[Z3Y7C(2E^N[^O?4;7!_%0Z>4/V1E6^#V8R2"FK1*_^"PP^86MA'
MP1*52R,I>^=1WRF4:/$VSM*D>1AW]ME$6R?PB<!GPC$1V%@HV?PFO"ARBP.Q
MX]%V(M[@YL3#090Q&?L.%EW8BX@BOQ6;PR%GMR@T82Y+#!\Q,X(%];D$7RMQ
MX9_H?)V^776X7="WD\/CNL!N56"W$-A-`E\_M+B".68?BK#%F6JP37HZCI38
M&S\>WIR=7^<C3W?R#B_R3C3P2]A&&D>NZ,/-IKNI$3T$*]G#GI(V_)\Y4%#[
MN#R$M1V?U!AX[.X?9/ZEQ7]02P,$%`````@`9S#:1B<NIORB`0``L0,``!D`
M``!X;"]W;W)K<VAE971S+W-H965T,3,N>&UL=5/;;MP@$/T5Q`<$WY)&*Z^E
M;*JJ>:@4Y2%Y9NVQC0*,"WB=_GT!>QTK=5^`&<XY<X9+.:%YMSV`(Q]*:GND
MO7/#@3%;]Z"XO<$!M-]IT2CN?&@Z9@<#O(DD)5F6)'=,<:%I5<;<LZE*')T4
M&IX-L:-2W/PY@<3I2%-Z3;R(KG<AP:J2K;Q&*-!6H"8&VB-]2`^G(B`BX%7`
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MY(S.WVR\FQ;1@;>2W-Q2TOO_LP826A>6W_S:S$]J#AP.UP^R_M+J+U!+`P04
M````"`!G,-I&H:DWGJ`!``"Q`P``&0```'AL+W=O<FMS:&5E=',O<VAE970Q
M-"YX;6QM4]MNW"`0_17$!P0ONYM$*Z^E;*JJ?:@4Y:%]9NVQC0*,"WB=_GT!
M7V(E?H%A..?,@8%\0/OF6@!/WK4R[DQ;[[L38ZYL00MWAQV8L%.CU<*'I6V8
MZRR(*I&T8CS+[ID6TM`B3[D76^38>R4-O%CB>JV%_7<!A<.9[NB<>)5-ZV."
M%3E;>)748)Q$0RS49_JT.UT.$9$`OR4,;A63Z/V*^!87/ZLSS:(%4%#ZJ"#"
M=(-G4"H*A<)_)\V/DI&XCF?U[^FTP?U5.'A&]4=6O@UF,THJJ$6O_"L./V`Z
MPC$*EJA<&DG9.X]ZIE"BQ?LX2Y/F8=J9:=L$/A'X0GC,DO&Q4++Y37A1Y!8'
M8L>K[43LX.[$PT64,1G/'2RZL!<117XK=H_'G-VBT(2YK#%\Q"P(%M27$GRK
MQ(5_H?-M^G[3X7Y%WT\.[[<%#IL"AY7`X8O`Z'$+\_"I"%O=J0;;I*?C2(F]
M\>/E+=GE=3[QU),/>)%WHH%?PC;2.')%'SJ;>E,C>@A6LKLC)6WX/\M"0>UC
M^!!B.SZI<>&QFS_(\DN+_U!+`P04````"`!G,-I&2U6NEJ,!``"Q`P``&0``
M`'AL+W=O<FMS:&5E=',O<VAE970Q-2YX;6QM4]MNW"`0_17$!P0ONVDW*Z^E
M;*JJ?:@4Y:%]9NVQC0*,"WB=_GT!7V(E?@%F..?,&2[Y@/;5M0">O&EEW)FV
MWG<GQES9@A;N#CLP8:=&JX4/H6V8ZRR(*I&T8CS+OC`MI*%%GG+/MLBQ]TH:
M>+;$]5H+^^\""H<SW=$Y\2*;UL<$*W*V\"JIP3B)AEBHS_1Q=[H<(B(!?DL8
MW&I-HO<KXFL,?E9GFD4+H*#T44&$Z09/H%04"H7_3IKO)2-QO9[5OZ=N@_NK
M</"$ZH^L?!O,9I144(M>^1<<?L#4PGT4+%&Y-)*R=Q[U3*%$B[=QEB;-P[BS
MGVG;!#X1^$(X9LGX6"C9_":\*'*+`['CT78BWN#NQ,-!E#$9^PX67=B+B"*_
M%;OC,6>W*#1A+FL,'S$+@@7UI03?*G'AG^A\F[[?=+A?T?>3PX=M@<.FP&$E
M<!@%'K(/+6YA/C;)5F>JP3;IZ3A28F_\>'A+=GF=CSS=R3N\R#O1P"]A&VD<
MN:(/-YONID;T$*QD=_>4M.'_+(&"VL?EU["VXY,:`X_=_$&67UK\!U!+`P04
M````"`!G,-I&_+V(9:,!``"Q`P``&0```'AL+W=O<FMS:&5E=',O<VAE970Q
M-BYX;6QM4UUOI"`4_2N$'U`<=-K=B6/2Z:;9?6C2]&'WF=&KDH+7!1S;?U]`
MQYK6%^!>SCGW7#[R$<VK;0$<>=.JLT?:.M<?&+-E"UK8&^RA\SLU&BV<#TW#
M;&]`5)&D%>-)<LNTD!TM\IA[-D6.@U.R@V=#[*"U,.\G4#@>Z8Y>$R^R:5U(
ML")G"Z^2&CHKL2,&ZB.]WQU.64!$P%\)HUVM2?!^1GP-P9_J2)-@`124+B@(
M/UW@`90*0K[P_UGSLV0@KM=7]<?8K7=_%A8>4/V3E6N]V822"FHQ*/>"XV^8
M6]@'P1*5C2,I!^M07RF4:/$VS;*+\SCMI.E,VR;PF<`7PH\D&I\*19N_A!-%
M;G`D9CK:7H0;W!VX/X@R)$/?WJ+U>P%1Y)=B]Y/G[!*$9LQIC>$39D$PK[Z4
MX%LE3OP;G6_3TTV'Z8J>S@[3;8%L4R!;"62S0/:EQ2W,_DL1MCI3#::)3\>2
M$H?.38>W9)?7><_CG7S"B[P7#3P)T\C.DC,Z?[/Q;FI$!]Y*<K.GI/7_9PD4
MU"XL[_S:3$]J"ASVUP^R_-+B`U!+`P04````"`!G,-I&F1!.9*$!``"P`P``
M&0```'AL+W=O<FMS:&5E=',O<VAE970Q-RYX;6QU4]MNW"`0_17$!P0ONYO+
MRFLIFZI*'BI%>6B?67MLHP#C`EZG?Q_`:\=JW1=@AG-FSLQ`/J!]=RV`)Q]:
M&7>DK??=@3%7MJ"%N\$.3+BIT6KA@VD;YCH+HDHDK1C/LENFA32TR)/OU18Y
M]EY)`Z^6N%YK8?^<0.%PI!LZ.=YDT_KH8$7.9EXE-1@GT1`+]9$^;@ZG740D
MP$\)@UN<2=1^1GR/QDMUI%F4``I*'R.(L%W@"92*@4+BW]>87RDC<7F>HG]/
MU0;U9^'@"=4O6?DVB,THJ:`6O?)O.#S#M81]#%BB<FDE9>\\ZHE"B18?XRY-
MVH?Q9CO1U@G\2N`SX3Y+PL=$2>8WX4616QR('5O;B3C!S8&'1I31&>L.$EVX
MBX@BOQ2;A]N<76*@*^:TQ/`1,R-8B#ZGX&LI3OP?.E^G;U<5;A?T;:(_[-?Y
MNU7^;L'?_:?"-<S=7TG8HJ4:;)->CB,E]L:/O9N]\^-\Y&DD7_`B[T0#/X1M
MI''DC#X,-HVF1O00I&0W>TK:\'UF0T'MX_$NG.WXHD;#8S?]C_F3%I]02P,$
M%`````@`9S#:1HISTM6B`0``L0,``!D```!X;"]W;W)K<VAE971S+W-H965T
M,3@N>&UL;5/;;MP@$/T5Q`<$+[MIDY774C91U3Y4BO+0/K/VV$8!Q@&\3O^^
M@"^Q$K\`,YQSY@R7?$#[ZEH`3]ZU,NY$6^^[(V.N;$$+=X,=F+!3H]7"A]`V
MS'461)5(6C&>9=^8%M+0(D^Y9UODV'LE#3Q;XGJMA?UW!H7#B>[HG'B13>MC
M@A4Y6WB5U&"<1$,LU"?ZL#N>#Q&1`'\D#&ZU)M'[!?$U!K^J$\VB!5!0^J@@
MPG2%1U`J"H7";Y/F1\E(7*]G]1^IV^#^(AP\HOHK*]\&LQDE%=2B5_X%AY\P
MM7`;!4M4+HVD[)U'/5,HT>)]G*5)\S#N\)FV3>`3@2^$NRP9'PLEFT_"BR*W
M.!`['FTGX@WNCCP<1!F3L>]@T86]B"CR:[&[O\O9-0I-F/,:PT?,@F!!?2G!
MMTJ<^1<ZWZ;O-QWN5_3]Y/!^6^"P*7!8"1S&^EGVJ<4MS.<FV>I,-=@F/1U'
M2NR-'P]OR2ZO\X&G._F`%WDG&O@M;".-(Q?TX6;3W=2('H*5[.:6DC;\GR50
M4/NX_![6=GQ28^"QFS_(\DN+_U!+`P04````"`!G,-I&,SS<$Z,!``"Q`P``
M&0```'AL+W=O<FMS:&5E=',O<VAE970Q.2YX;6QM4]MNW"`0_17$!P0OZVVJ
ME==2-E64/E2*\M`^L_;81@'&!;Q._[Z`O8Z5^`68X9PS9[@4(]HWUP%X\JZ5
M<2?:>=\?&7-5!UJX.^S!A)T&K18^A+9EKK<@ZD32BO$L^\:TD(:61<J]V++`
MP2MIX,42-V@M[+\S*!Q/=$=OB5?9=CXF6%FPA5=+#<9)-,1"<Z(/N^,YCX@$
M^"UA=*LUB=XOB&\Q^%F?:!8M@(+*1P41IBL\@E)1*!3^.VM^E(S$]?JF_I2Z
M#>XOPL$CJC^R]ETPFU%20R,&Y5]Q?(:YA4,4K%"Y-))J<![UC4*)%N_3+$V:
MQVGG/I]IVP0^$_A"^)XEXU.A9/.'\*(L+([$3D?;BWB#NR,/!U'%9.P[6'1A
M+R+*XEKRC!?L&H5FS'F-X0FS6Q`LJ"\E^%:),_]"Y]OT_:;#_8J^GQWNMP7R
M38%\)9#/`OFG%K<PAT]%V.I,-=@V/1U'*AR,GPYOR2ZO\X&G._F`ET4O6O@E
M;"N-(Q?TX6;3W32('H*5[.Y`21?^SQ(H:'Q<WH>UG9[4%'CL;Q]D^:7E?U!+
M`P04````"`!G,-I&`V""O*0!``"Q`P``&0```'AL+W=O<FMS:&5E=',O<VAE
M970R,"YX;6QM4]MNXR`0_17$!Q2'I&T:.9::KE:[#RM5?6B?B3VV48'Q`HZ[
M?U_`CFMU_0+,<,Z9,USR`>V[:P$\^=#*N"-MO>\.C+FR!2W<#79@PDZ-5@L?
M0MLPUUD052)IQ7B6W3$MI*%%GG+/MLBQ]TH:>+;$]5H+^^\$"H<CW=!KXD4V
MK8\)5N1LYE52@W$2#;%0'^GCYG#:140"O$H8W&)-HO<SXGL,?E='FD4+H*#T
M44&$Z0)/H%04"H7_3II?)2-QN;ZJ_TS=!O=GX>`)U9NL?!O,9I144(M>^1<<
M?L'4PFT4+%&Y-)*R=Q[UE4*)%A_C+$V:AW%GNY]HZP0^$?A,V&?)^%@HV?PA
MO"ARBP.QX]%V(M[@YL##090Q&?L.%EW8BX@BOQ0\N\O9)0I-F-,2PQ-F,R-8
M4)]+\+42)_X?G:_3MZL.MPOZ=G)XORZP6Q78+01VD\#^6XMKF(=O1=CB3#78
M)CT=1TKLC1\/;\[.K_.1ISOY@A=Y)QKX(VPCC2-G].%FT]W4B!Z"E>SFEI(V
M_)\Y4%#[N+P/:SL^J3'PV%T_R/Q+BT]02P,$%`````@`9S#:1@5-L_"@`0``
ML0,``!D```!X;"]W;W)K<VAE971S+W-H965T,C$N>&UL=5/;;MP@$/T5Q`<$
MF]UMJY774C95U#Y4BO+0/K/VV$8!Q@&\3O^^@+V.E3HOP`SGG#G#I1C1OK@.
MP),WK8P[T<[[_LB8JSK0PMUA#R;L-&BU\"&T+7.]!5$GDE:,9]D7IH4TM"Q2
M[LF6!0Y>20-/EKA!:V'_GD'A>*(YO26>9=OYF&!EP19>+348)]$0"\V)WN?'
M\SXB$N"WA-&MUB1ZOR"^Q.!G?:)9M``**A\51)BN\`!*1:%0^'76?"\9B>OU
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M2P,$%`````@`9S#:1N;IZIJE`0``L0,``!D```!X;"]W;W)K<VAE971S+W-H
M965T,C(N>&UL;5/;;IPP$/T5BP^(P;!INV*1LJFB]J%2E(?VV0L#6+$]U#9+
M^O>U#4M0PHOM&9]SYHPOY83FU?8`CKPIJ>TIZ9T;CI3:N@?%[1T.H/U.BT9Q
MYT/343L8X$TD*4E9FMY3Q85.JC+FGDU5XNBDT/!LB!V5XN;?&21.IR1+;HD7
MT?4N)&A5TI77"`7:"M3$0'M*'K+CN0B("/@M8+*;-0G>+XBO(?C9G)(T6``)
MM0L*W$]7>`0I@Y`O_'?1?"\9B-OU3?TI=NO=7[B%1Y1_1.-Z;S9-2`,M'Z5[
MP>D'+"T<@F"-TL:1U*-UJ&Z4A"C^-L]"QWF:=XILH>T3V$)@*^%K&HW/A:+-
M[]SQJC0X$3,?[<###69'Y@^B#LG0M[=H_5Y`5.6U8EE>TFL06C#G+89%3+8B
MJ%=?2["]$F?VB<[VZ?FNPWQ#S^?JW_)]@6)7H-@(%$N+Q8<6]S"'#T7HYDP5
MF"X^'4MJ'+6;#V_-KJ_S@<4[>8=7Y<`[^,5-)[0E%W3^9N/=M(@.O)7T[I"0
MWO^?-9#0NK#\XM=F?E)SX'"X?9#UEU;_`5!+`P04````"`!G,-I&C+.W=*0!
M``"Q`P``&0```'AL+W=O<FMS:&5E=',O<VAE970R,RYX;6QM4\MNI#`0_!6+
M#XC!P^0Q8I`R6:UV#RM%.21G#S1@Q7:SMAFR?Q_;,`1EN=CN=E5UM1_%B.;=
M=@".?"BI[3'IG.L/E-JJ`\7M#?:@_4Z#1G'G0]-2VQO@=20I25F:WE+%A4[*
M(N:>35G@X*30\&R('93BYM\))([')$NNB1?1=BXD:%G0A5<+!=H*U,1`<TP>
ML\,I#X@(>!4PVM6:!.]GQ/<0_*Z/21HL@(3*!07NIPL\@91!R!?^.VM^E0S$
M]?JJ_C-VZ]V?N84GE&^B=ITWFR:DAH8/TKW@^`OF%O9!L$)IXTBJP3I45TI"
M%/^89J'C/$X[^WRF;1/83&`+X3Z-QJ="T>8/[GA9&!R)F8ZVY^$&LP/S!U&%
M9.C;6[1^+R#*XE*R[+:@ER`T8TYK#(N8;$%0K[Z48%LE3NP_.MNF[S8=[E;T
MW>SP;EL@WQ3(5P+Y+'#_K<4MS,.W(G1UI@I,&Y^.)14.VDV'MV27U_G(XIU\
MP<NBYRW\X:85VI(S.G^S\6X:1`?>2GJS3TCG_\\22&A<6-[YM9F>U!0X[*\?
M9/FEY2=02P,$%`````@`9S#:1F=@-TN$`@``(PH``!D```!X;"]W;W)K<VAE
M971S+W-H965T,C0N>&UL=5;!CILP$/T5Q`<LV$`@$4%*MJK:0Z75'MJSDS@)
M6L"I[23;OZ\-"8O,\P6P>?/>V.,93WD7\D.=.=?!9]MT:AV>M;ZLHDCMS[QE
MZD5<>&?^'(5LF39#>8K417)VZ(W:)J)QO(A:5G=A5?9S;[(JQ54W=<??9*"N
M;<ODORUOQ'T=DO`Y\5Z?SMI.1%49C7:'NN6=JD472'Y<AQNRVM+80GK$[YK?
MU>0[L,[OA/BP@Y^'=1A;'WC#]]I2,/.Z\5?>-);)*/]]D'YI6L/I]Y/]>[]<
MX_Z.*?XJFC_U09^-MW$8'/B171O]+NX_^&,-F27<BT;USV!_55JT3Y,P:-GG
M\*Z[_GT?_F3YPPP;T(<!'0V*?B>B0:AW\QO3K"JEN`=RV-L+LR$D*VHV8F\G
M[;J-B\K\LXBJO%64QF5TLT0/S':*H3V&C(C(L(\2%$ELZ<R<8O,$>IA,S)-!
M/5MB@A02I!."]+%$XBP183Q>9E`D`P2)(X(P*1990)$%(,@<$8198)$<BN2`
M('=$$*;`(@44*0#!TA$!F"3&(DLHL@0$;N`1QA-XF]TH@V)`X88>@CRQ)YY,
M)8#"C3X$><)/8+IN")U1D-R-#0#1)/?HX+PFR5RGF.W;'$03STDC./T)R.UD
MMAX`2CV'C>`*0.;I38J%JP-J0.JII@07`0(R/*6N#@(E'AU<!PA(\C1U=1`H
M\^C@4D!`GJ>S?4,@WWG#U8"`5$\+5P>!/+<-Q?6`@E3/W"L5@MQS$$TN\9;+
M4]^KJ&`OKIT>;NMQ=NR'-K1O`K[@57EA)_Z+R5/=J6`GM&DE^F;@*(3FQI?X
MQ9S)L^G8QD'#C]I^YN9;#CW,,-#B\FS)QKZP^@]02P,$%`````@`9S#:1J]@
MM4VA`0``L0,``!D```!X;"]W;W)K<VAE971S+W-H965T,C4N>&UL;5/;;N,@
M$/T5Y`\H#G'2*G(L-5U5W8>5JC[L/A-[;*,"XP4<MW]?P(YKI7X!9CCGS`WR
M`<V[;0$<^5!2VV/2.M<=*+5E"XK;.^Q`^YL:C>+.FZ:AMC/`JTA2DK(TW5/%
MA4Z*//I>39%C[Z30\&J([97BYO,$$H=CLDFNCC?1M"XX:)'3F5<)!=H*U,1`
M?4P>-X=3%A`1\%?`8!=G$G(_([X'XW=U3-*0`D@H75#@?KO`$T@9A'S@_Y/F
M=\A`7)ZOZL^Q6I_]F5MX0OE/5*[UR:8)J:#FO71O.+S`5,(N")8H;5Q)V5N'
MZDI)B.(?XRYTW(?QYB&=:.L$-A'8#8&.@6*:O[CC16YP(&9L;<?#!#<'YAM1
M!F>HVZ=H_5U`%/FE8#N6TTL0FC"G)89%S&9&4*\^AV!K(4[L!YVMT[>K&6X7
M].T8?;]?%\A6!;*%0#:5N+TI<0V3W02ABYXJ,$U\.I:4V&LW-F_VSJ_SD<69
M?,.+O.,-_.&F$=J2,SH_V3B;&M&!3R6]VR6D]?]G-B34+ASO_=F,3VHT'';7
M#S+_TN(+4$L#!!0````(`&<PVD9%#4PSI0$``+$#```9````>&PO=V]R:W-H
M965T<R]S:&5E=#(V+GAM;&U3VV[C(!#]%>0/*`YQDBIR+#5=5>W#2E4?=I^)
M/;91@7$!Q]V_+V#'M;I^`68XY\P9+OF`YMVV`(Y\*JGM*6F=ZXZ4VK(%Q>T=
M=J#]3HU&<>=#TU#;&>!5)"E)69KNJ>)")T4><Z^FR+%W4FAX-<3V2G'S[PP2
MAU.R26Z)-]&T+B1HD=.95PD%V@K4Q$!]2AXVQW,6$!'P1\!@%VL2O%\0WT/P
M4IV2-%@`":4+"MQ/5W@$*8.0+_PQ:7Z7#,3E^J;^%+OU[B_<PB/*OZ)RK3>;
M)J2"FO?2O>'P#%,+NR!8HK1Q)&5O':H;)2&*?XZST'$>QIU]-M'6"6PBL)EP
MGT;C8Z%H\Q=WO,@-#L2,1]OQ<(.;(_,'489DZ-M;M'XO((K\6K#=+J?7(#1A
MSDL,BYC-C*!>?2[!UDJ<V7]TMD[?KCK<+NC;L?HA6Q?(5@6RA4`VM;C_T>(:
MYO"C"%V<J0+3Q*=C28F]=N/AS=GY=3ZP>"??\"+O>`._N6F$MN2"SM]LO)L:
MT8&WDM[M$M+Z_S,'$FH7E@>_-N.3&@.'W>V#S+^T^`)02P,$%`````@`9S#:
M1GN&5,^E`0``L0,``!D```!X;"]W;W)K<VAE971S+W-H965T,C<N>&UL;5-=
M;]L@%/TKB!]0')*T6>18:CI5V\.DJ@_;,[&O;53@NH#C[M\/L.-:G5^`>SGG
MW"_(![1OK@7PY$,KXTZT];X[,N;*%K1P=]B!"3<U6BU\,&W#7&=!5(FD%>-9
M=L^TD(86>?*]V"+'WBMIX,42UVLM[-\S*!Q.=$-OCE?9M#XZ6)&SF5=)#<9)
M-,1"?:*/F^-Y%Q$)\%O"X!9G$G._(+Y%XV=UHEE,`124/BJ(L%WA"92*0B'P
M^Z3Y&3(2E^>;^G.J-F1_$0Z>4/V1E6]#LADE%=2B5_X5AQ\PE;"/@B4JEU92
M]LZCOE$HT>)CW*5)^S#>[+.)MD[@$X'/A$,BL#%02O.[\*+(+0[$CJWM1)S@
MYLA#(\KHC'6'%%VXBX@BOQ9\?\C9-0I-F/,2PQ-F,R-84)]#\+409_X?G:_3
MMZL9;A?T[1C]X;`NL%L5V"T$=E.)W[Z4N(*YS[X$88N>:K!->CJ.E-@;/S9O
M]LZO\Y&GF7S"B[P3#?P2MI'&D0OZ,-DTFQK10T@EN]M3TH;_,QL*:A^/#^%L
MQR<U&AZ[VP>9?VGQ#U!+`P04````"`!G,-I&N^=(LLD!``#@!```&0```'AL
M+W=O<FMS:&5E=',O<VAE970R."YX;6QU5-URHR`4?A7&!RB&))K-&&>:[NRT
M%SO3Z47WFNA1F8*X@+'[]@4TQK'LC7`.W\\Y"&2#5!^Z`3#H4_!6GZ+&F.Z(
ML2X:$%0_R`Y:NU))):BQH:JQ[A30TI,$QR2.$RPH:Z,\\[E7E6>R-YRU\*J0
M[H6@ZM\9N!Q.T2:Z)=Y8W1B7P'F&9U[)!+2:R18IJ$[1X^9X3AW"`]X9#'HQ
M1Z[VBY0?+G@I3U'L2@`.A7$*U`Y7>`+.G9`U_CMIWBT=<3F_J?_RW=KJ+U3#
MD^1_6&D:6VP<H1(JVG/S)H=GF%K8.\%"<NV_J.BUD>)&B9"@G^/(6C\.X\HA
MGFAA`ID(9$7`HY$O\R<U-,^4')`:M[:C[@]NCL1N1.&2KF];HK9K#I%GUYPD
MFPQ?G="$.2\QQ&/N"&S59PL2LCB3;W02IF^#%6X7].WH?OB/P"XHL%L([*86
MR:K%$&8;-MD'3?8!@=W*)(39ATV2H$D2$$A6)B%,&C9)@R9I0."P,@EA?JQ,
M\.(("E"UOVD:%;)OS7C6YNQ\F1^)/\)W>)YUM(;?5-6LU>@BC;T(_BA74AJP
MI<0/=E<;^]S,`8?*N&EJYVJ\@6-@9'=[3^9'+?\"4$L#!!0````(`&<PVD:/
MKCS'K`$``!8$```9````>&PO=V]R:W-H965T<R]S:&5E=#(Y+GAM;'54W6[;
M(!1^%>0'*`Y)VBIR+#6=IO5B4M6+[9K8QS8J<#S`<??V!>RX5L9N#!R^/_Y<
MC&C>;0?@R(>2VAZSSKG^0*FM.E#<WF$/VL\T:!1W?FA::GL#O(XD)2G+\WNJ
MN-!96<3:JRD+')P4&EX-L8-2W/P]@<3QF&VR:^%-M)T+!5H6=.'50H&V`C4Q
MT!RSI\WAM`^("/@E8+2K/@G9SXCO8?!2'[,\1``)E0L*W#<7>`8I@Y`W_C-K
M?ED&XKI_5?\>5^O3G[F%9Y2_1>TZ'S;/2`T-'Z1[P_$'S$N("2N4-GY)-5B'
MZDK)B.(?4RMT;,=IYC&?:6D"FPGLAD`GHQCS&W>\+`R.Q$Q;V_-P@IL#\QM1
MA6)8MX]H_5Q`E,6E9`]Y02]!:,:<UA@6,9L%0;WZ8L%2%B?V#YVEZ=MDPNV*
MOIT3_L=_EQ38K01VLP"[66(*LTV;[),F^X3`[L8DA=G?F-#5P2DP;;R?EE0X
M:#>=T%)=GL`3BP?_!2^+GK?PDYM6:$O.Z/SUB1>@073@H^1W/DOG'^DRD-"X
MT'WP?3/=VVG@L+^^PN574'X"4$L#!!0````(`&<PVD:L"F7:L0$``!8$```9
M````>&PO=V]R:W-H965T<R]S:&5E=#,P+GAM;&U4S6[C(!!^%>0'*`[Y;>18
M:KJJNH>5JAYVS\0>VZC@\0*.NV^_@!W72KD$&+Z_,9!L0/UA&@!+/I5LS2EI
MK.V.E)JB`<7-`W;0NIT*M>+6+75-3:>!EX&D)&5INJ.*BS;)LU![TWF&O96B
MA3=-3*\4U__.('$X):OD5G@7=6-]@>89G7FE4-`:@2W14)V2I]7QO/6(`/@M
M8#"+.?'9+X@??O&S/"6ICP`2"NL5N!NN\`Q2>B%G_'?2_++TQ.7\IOX2NG7I
M+]S`,\H_HK2-"YLFI(2*]]*^X_`*4PLA88'2A%]2],:BNE$2HOCG.(HVC,.X
ML]]-M#B!300V$PYI"#X:A9@_N.5YIG$@>ORT'?<GN#HR]R$*7_1]NXC&[7E$
MGEUSMM]E].J%)LQYB6$!LYH1U*G/%BQF<6;?Z"Q.7T<3KA?T]>C^N(X+;*("
MFX7`9FIQ?]=B#'.(FVRC)MN(P..=201S2.],Z.+@%.@ZW$]#"NQ;.Y[07)V?
MP!,+!_\%S[..U_"+ZUJTAES0NNL3+D"%:,%%21]<EL8]TGDAH;)^NG=S/=[;
M<6&QN[W"^:\@_P]02P,$%`````@`9S#:1N`H9JK)`0``X`0``!D```!X;"]W
M;W)K<VAE971S+W-H965T,S$N>&UL=51;CYP@%/XKQ!^P.,S%Z<0QV=FF:1^:
M;/:A?6;TJ&2Y6,!Q^^\+Z#C&I2_".7R7<Q#(!Z7?30M@T8?@TIR3UMKNA+$I
M6Q#4/*D.I%NIE1;4NE`WV'0::!5(@F.2I@<L*)-)D8?<JRYRU5O.)+QJ9'HA
MJ/Y[`:Z&<[))[HDWUK36)W"1XYE7,0'2,"61AOJ</&].E\PC`N`7@\$LYLC7
M?E7JW0<_JG.2^A*`0VF]`G7##5Z`<R_DC/],F@]+3US.[^K?0K>N^BLU\*+X
M;U;9UA6;)JB"FO;<OJGA.TPM[+U@J;@)7U3VQBIQIR1(T(]Q9#*,P[AR3"=:
MG$`F`ED1\&@4ROQ*+2URK0:DQZWMJ/^#FQ-Q&U'ZI._;E6C<FD<4^:T@QTV.
M;UYHPER6&!(P#P1VZK,%B5E<R"<ZB=.WT0JW"_IVI*?;N,`N*K!;".RF%LFJ
MQ1CF/R;[J,D^(K!;F<0P^[C)(6IRB`@<5B8Q3!8WR:(F643@N#*)8;ZL3/#B
M"`K03;AI!I6JEW8\:W-VOLS/)!SA![S(.]K`3ZH;)@VZ*NLN0CC*M5(67"GI
MD]O5UCTW<\"AMGZ:N;D>;^`86-7=WY/Y42O^`5!+`P04````"`!G,-I&]'F"
M7:$!``"Q`P``&0```'AL+W=O<FMS:&5E=',O<VAE970S,BYX;6QU4]MNW"`0
M_17$!P2;W4W;E==2-E75/E2*\M`^L_;81@'&!;Q._[Z`O8Z5.B_`#.><.<.E
M&-&^N`[`DU>MC#O1SOO^R)BK.M#"W6$/)NPT:+7P(;0M<[T%42>25HQGV3W3
M0AI:%BGW9,L"!Z^D@2=+W*"UL'_/H'`\T9S>$L^R[7Q,L+)@"Z^6&HR3:(B%
MYD0?\N-Y'Q$)\$O"Z%9K$KU?$%]B\*,^T2Q:``65CPHB3%=X!*6B4"C\9]9\
M*QF)Z_5-_5OJ-KB_"`>/J'[+VG?!;$9)#8T8E'_&\3O,+1RB8(7*I9%4@_.H
M;Q1*M'B=9FG2/$X[!S[3M@E\)O"%</\Y&9\*)9M?A1=E87$D=CK:7L0;S(\\
M'$05D['O8-&%O8@HBVO)OV0%NT:A&7->8WC"Y`N"!?6E!-\J<>;_T?DV?;?I
M<+>B[R9Z_D']_:;`?B6P_Z#%+<S[(FQUIAILFYZ.(Q4.QD^'MV27U_F0+I&]
MP<NB%RW\%+:5QI$+^G"SZ6X:1`_!2G9WH*0+_V<)%#0^+C^%M9V>U!1X[&\?
M9/FEY3]02P,$%`````@`9S#:1A67B)C7`0``104``!D```!X;"]W;W)K<VAE
M971S+W-H965T,S,N>&UL;53;;IPP$/T5Q`?$8/;"KEBD;*JJ?:@4Y:%]]L)P
M46Q,;;.D?U_;L`21><'V^%QFC,?9*-6[;@!,\"%XIR]A8TQ_)D07#0BFGV0/
MG=VII!+,V*6JB>X5L-*3!"<TB@Y$L+8+\\S'7E6>R<'PMH-7%>A!"*;^78'+
M\1+&X2/PUM:-<0&29V3AE:V`3K>R"Q14E_`Y/E]3A_"`WRV,>C4/7.XW*=_=
MXF=Y"2.7`G`HC%-@=KC#"W#NA*SQWUGST](1U_.'^G=?K<W^QC2\2/ZG+4UC
MDXW"H(2*#=R\R?$'S"7LG6`AN?;?H!BTD>)!"0/!/J:Q[?PX3CMI---P`IT)
M=$,@DY%/\QLS+,^4'`,U'6W/W!^,S]0>1.&"KFZ;HK9[#I%G]YR>:$;N3FC&
M7-<8ZC'Q@B!6?;&@F,65?J%3G)Z@&28K>C*YGQ)<8(<*[%8"N[G$9%,BAMGA
M)GO49(\([#<F&.:`FQQ0DP,B<-R88)@4-SFB)D=$X+0Q^8I)H@@W25&3%!&(
M-R889GMSR.J>"U"U;V<=%'+HS'2AE^CR8CQ3WR>?\#SK60V_F*K;3@<W:6RW
M^7ZII#1@4XF>[*]K[)NV+#A4QDV/=JZF-I\61O:/1VMY.?/_4$L#!!0````(
M`&<PVD9O$\+?I`$``+$#```9````>&PO=V]R:W-H965T<R]S:&5E=#,T+GAM
M;&U3VV[<(!#]%<0'!-^VJ59>2]E44?I0*<I#^\S:8QL%&!?P.OW[`O8Z5N(7
M8(9SSISA4DYHWFP/X,B[DMJ>:._<<&3,UCTH;N]P`.UW6C2*.Q^:CMG!`&\B
M24F6)<DWIKC0M"IC[L54)8Y."@TOAMA1*6[^G4'B=*(IO25>1=>[D&!5R59>
M(Q1H*U`3`^V)/J3'<Q$0$?!;P&0W:Q*\7Q#?0O"S.=$D6``)M0L*W$]7>`0I
M@Y`O_'?1_"@9B-OU3?TI=NO=7[B%1Y1_1.-Z;S:AI(&6C]*]XO0,2PN'(%BC
MM'$D]6@=JAN%$L7?YUGH.$_SSJ%8:/N$;"%D*^%[$HW/A:+-']SQJC0X$3,?
M[<###:;'S!]$'9*A;V_1^KV`J,IKE2=YR:Y!:,&<MY@L8M(5P;SZ6B+;*W'.
MOM"S?7J^ZS#?T/.9GM[O"Q2[`L5&H%A:+#ZUN(<Y?"K"-F>JP'3QZ5A2XZC=
M?'AK=GV=#UF\DP]X50Z\@U_<=$);<D'G;S;>38OHP%M)[@Z4]/[_K(&$UH7E
MO5^;^4G-@</A]D'67UK]!U!+`P04````"`!G,-I&(5/+D^4!``!&!0``&0``
M`'AL+W=O<FMS:&5E=',O<VAE970S-2YX;6QUE-&.G"`4AE_%>-\%4=%.')/.
M;IKVHLEF+]IK1G$T"^(",V[?OH".-<IX(0?XS_\=4"A&(=]52ZD./CGKU3%L
MM1X.`*BJI9RH)S'0WLPT0G*B35=>@!HD);5+X@P@"#'@I.O#LG!CK[(LQ%6S
MKJ>O,E!7SHG\>Z),C,<P"N\#;]VEU78`E`58\NJ.TUYUH@\D;8[AM^APRJW"
M"7YW=%2K.+"UGX5XMYV?]3&$M@3*:*6M`S'-C3Y3QJR1`7_,GO^1-G$=W]V_
MN]6:ZL]$T6?!_G2U;DVQ,`QJVI`KTV]B_$'G):36L!),N7=07946_)X2!IQ\
M3FW7NW:<9N)L3O,GH#D!+0EH*GP"N3)?B"9E(<48R&EK!V*_8'1`9B,J.VC7
M;4I49LXJRN)6QA`7X&:-9LUIK4&S)ELTP/@O$.2%H)5![`PBC/T&L=<@7ADD
M<P7YILI)TSL-GB`((AC%?E#B!24>T-<-*%F!4J?)$HP>8%(O)MUC(KC!I#M,
MA#*,XP<;A[T@[`%%&Q#>@;XD:9X]X&1>3N;AH`TGVW-RF&'HY^1>3N[AQ!M.
MOO\1HA2:9P,"JS,RD`O]1>2EZU5P%MH<-W=@&B$T-9[PR7R-UEQJ2X?11MLP
M,[&<SOG4T6*XWUK+U5G^`U!+`P04````"`!G,-I&U`*&PN(!``#R!```&0``
M`'AL+W=O<FMS:&5E=',O<VAE970S-BYX;6QUE,MNXR`4AE_%\GZ*C6]MY%AJ
M6E4SBY&J+F;6Q#Z^J&!<(''G[8>+XUH)W1@X_.?_#A@H9R[>90^@@D]&1[D/
M>Z6F'4*R[H$1><<G&/5,RP4C2@]%A^0D@#0VB5&$HRA'C`QC6)4V]BJJDI\4
M'49X%8$\,4;$OP-0/N_#.+P$WH:N5R:`JA*M><W`8)0#'P,![3Y\C'>'PBBL
MX,\`L]ST`U/[D?-W,_C5[,/(E``4:F4<B&[.\`24&B,-_E@\OY`F<=N_N+_8
MU>KJCT3"$Z=_AT;UNM@H#!IHR8FJ-S[_A&4)F3&L.97V&]0GJ3B[I(0!(Y^N
M'4;;SF[F/EK2_`EX2<!K`G:%.Y`M\YDH4I6"SX%P6SL1\P?C'=8;49N@6;<N
M4>HYHZC*<Y7$:8G.QFC1'+8:;#7QJD#:?45@'^*`;]*3./,;)-X:DXU!XOA%
MZC=(O0;IQB!=*LBO%NDTH]7D5H-3G$51Y`=E7E#F`157H&P#RIPF+[X'Y5Y0
M[@'=7X'R&]"/V'"^`15>4.$!/5R!BINMRQY\(+0YE`Q$9^^>#&I^&I4[?6MT
MO=Z/V![J+WE53J2#WT1TPRB#(U?Z:MC#W7*N0)<3W>D=[O4#M`XHM,IT"]T7
M[DZZ@>+3Y859G[GJ/U!+`P04````"`!G,-I&HM`!UH`"``!%"```&0```'AL
M+W=O<FMS:&5E=',O<VAE970S-RYX;6R5EEUOFS`4AO\*XGX%?_`5$:22:-HN
M)E6]V*Y=XB2H@#/;2;I_/]L00FVW4G,1C'G?<YYS<.R45\9?Q9%2&;SUW2#6
MX5'*TRJ*1'.D/1$/[$0']63/>$^DNN6'2)PX)3MCZKL(QG$:]:0=PJHT<T^\
M*ME9=NU`GW@@SGU/^+^:=NRZ#D%XFWAN#T>I)Z*JC&;?KNWI(%HV!)SNU^$C
M6&U!K"5&\;NE5[$8!QK^A;%7??-SMPYCS4`[VD@=@JC+A6YHU^E(*O/?*>@]
MIS8NQ[?HWTVY"O^%"+IAW9]V)X^*-@Z#'=V3<R>?V?4'G6I(=,"&=<)\!\U9
M2-;?+&'0D[?QV@[F>AV?I-ED\QO@9("S`:2?&M!D0'<#_M2`)P.V#-%8BFG$
MEDA2E9Q=`SZ^O1/1BP2LL&IUHR=U9U43A'JF%55YJ1",R^BB`TV:>JF!1@-F
M1:2BSRF@+T4-'3M\GV#C*I#%L'4E&?)#(&^=:.%'4YT?5(&]`?`B`)X"6'74
MHV8PFM1HBA0D66:5Z\IR@#"`?IS$BY-X<)"%DRSR)&/C,PQP;N&X,DT#/FAO
MZL5)/3C8PDF=/-\@PAA8.!X9BA'`?IS,BY-Y<!(+)_-TIT#VTG15&*,TM59G
MYKQ15*`L]2/G7N3<@VREJ7/W34$<0V#I-J[.MPZW^9?68>'%+CS85IZZ<+%C
M];&@715*EJIW,'HO]^UFL0<GM[>SV*D;0.1IHT=8P'39QY$I6FRV/>4'<VJ)
MH&'G08Z[U3P[GXR/4&_6UGRM3TRSB=_#5.6)'.@OP@_M(((7)M518#;S/6.2
M*LSX0?V`C^I,GV\ZNI=ZF*DQ'T^Y\4:RT^W0GO\Y5/\!4$L#!!0````(`&<P
MVD;4\"VQ=@(``%0(```9````>&PO=V]R:W-H965T<R]S:&5E=#,X+GAM;'V6
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MOAD@^E\#,AN0P"";R,:\/DLKZVK0EV28-N,D_9ZC)^(JM_6+OE`N)^/N>45=
MO=<$EU7V[AW-FN>E!H\:_*]B'2M(?I-D#N!&@4$*O+`GD_T]!P1T0!8.Z.P`
M!6E,FG[4L%&#"E(@S()D`!UE1!`*`U$0B`)`0=6>Z2)0,6E868@`)U;ADO("
MABE`F`*`(0%,$<,(2AD/:&(9+D4N2AB'@3@,P*$!#HLV@>.<Y&%Q&(3#"8-Q
M.(C#(QP:AN%1&$1*>N>!$&`4$4?)@YQ%_.#Y7\`B(I:2<0*CE"!*"=2_"%C*
MN+!,\)('S&M`AQ#A!8*!?$N%NE`.-(`[FXCN-#($9,7#3H8BW`?W[`D1[L4:
M4N*28W?^W<&".QO"`)8(L7"T\P^,Y2*J-B04A7M/P_<O6_3_DSRH[W(X-+U)
M-MJZHV0\#/9:6^6<YH_NG3ZZ(_XV:=7>^B%WXV$Z]*:)U:?K&7[[D*C_`%!+
M`P04````"`!G,-I&_L57<[X!``!O!```&0```'AL+W=O<FMS:&5E=',O<VAE
M970S.2YX;6QUE-MNHS`0AE\%\0`UF$,W$4':=%7M7E2J>K%[[<`0K/I`;2>T
M;U_;$!91EPM\^N?_9HQ--4KUJGL`$[US)O0A[HT9]@CII@=.])T<0-B53BI.
MC!VJ,]*#`M+Z(,X03I(2<4)%7%=^[EG5E;P81@4\JTA?."?JXPA,CH<XC6\3
M+_3<&S>!Z@HM<2WE(#25(E+0'>*?Z?Y8.H47_*4PZE4_<KF?I'QU@S_M(4Y<
M"L"@,<Z!V.8*#\"8,[+@M]GS/](%KOLW]T=?K<W^1#0\2/:/MJ:WR29QU$)'
M+LR\R/$WS"44SK"13/MWU%RTD?P6$D><O$\M%;X=IY4"SV'A`#P'X"4@]0%H
M`ODT?Q%#ZDK),5+3U@[$?<%TC^U&-&[2U6U3U';-*>KJ6F?9KD)79S1KCFL-
MGC1YLFB0]5\@.`C!*X/,&Z0_<-@@"QID*X-\SB#=9#EIA->47I/OBL0^85`>
M!.4!$-Z`\J\@S_D&5`1!10"4;4#%"E1X#4[P+DPI@Y0R0,DWE/)+.=M"T.HP
M#>0,3T2=J=#121I[+OW)ZJ0T8-V2.YMT;V__,F#0&=>]MWTU78AI8.1PN][+
M/Z;^!%!+`P04````"`!G,-I&";I0$24"``"*!@``&0```'AL+W=O<FMS:&5E
M=',O<VAE970T,"YX;6R-5<&.FS`0_17$O6ML#'0C@K0DJMI#I=4>VK-#G(#6
MQM1VPO;O:QM"6+"B7F)[_-Z;-Q,8\E[(=U53JH,/SEJU#6NMNPT`JJHI)^I)
M=+0U-R<A.='F*,]`=9*2HR-Q!E`4I8"3I@V+W,5>99&+BV9-2U]EH"Z<$_FW
MI$STVQ"&M\!;<ZZU#8`B!Q/OV'#:JD:T@:2G;?@"-_O,(AS@5T-[-=L'UOM!
MB'=[^''<AI&U0!FMM%4@9KG2'67,"IG$?T;->TI+G.]OZM]<M<;]@2BZ$^QW
M<]2U,1N%P9&>R(7I-]%_IV,)B16L!%/N-Z@N2@M^HX0!)Q_#VK1N[8<;C$>:
MGX!&`IH(,'U(B$="?"<\SH!'`EX0P%"*:\2>:%+D4O2!'/Z\CMAG!&ZP:75E
M@[:SI@G*W%E$D5^+&"<YN%JA$5/.,<AAX(0`1GU*@7PI2K2BH\\)=FM$''V&
M[->0+/:;B+UUQC-^/-:9^@6P5P#/!/`HD"WJ&#"MPZ0.DR91Y,^2>+,DJRP0
M+;I5)JLL7^!SAI^?%V[FN,3A$I0L^^H1BV$28;_IU&LZ];3FZ\)T^I^FUS@(
MLY5KC]H#UYG7=>9QO7!3>C!++SL?!B[\^C!H81;,7EE.Y=G-/A54XM+JX9F?
MHM-X?4'VE5_$2S-VAREYERGRCISI3R+/3:N"@]!FH+B1<!)"4V,Q>C)/0FT^
M#-.!T9.VV\SLY3`KAX,6W6WR3Y^?XA]02P,$%`````@`9S#:1H2'DEAX`@``
M'`@``!D```!X;"]W;W)K<VAE971S+W-H965T-#$N>&UL?59-;Z,P$/TKB'L+
M_@!#19":1*O=PTI5#[MG)W$25,"I[23=?[\V$$+-M)?X@_?>O!F,)\55JC=]
M%,($'TW=ZD5X-.;T%$5Z>Q0-UX_R)%K[9"]5PXU=JD.D3TKP74=JZ@C'<1HU
MO&K#LNCV7E19R+.IJU:\J$"?FX:K?TM1R^LB1.%MX[4Z'(W;B,HB&GF[JA&M
MKF0;*+%?A,_H:9T[1`?X4XFKGLP#YWTCY9M;_-HMPMA9$+78&J?`[7`1*U'7
M3L@&?A\T[R$=<3J_J?_HLK7N-UR+E:S_5CMSM&;C,-B)/3_7YE5>?XHAA<0)
M;F6MN]]@>]9&-C=*&#3\HQ^KMANO_9,L'F@P`0\$/!)0^BV!#`1R)]!O"70@
M4(\0]:ETA5ASP\M"R6N@^I=WXNZ,H"=J2[UUFZZRM@C:/G.(LKB4)"%%='%"
M`V8YQ>`.@T9$9-7'$!@*L<0S.OX<8#5'D/@S9#V',`*;(&">9,(G?0X9A@4H
M*$`G`G0H%/4*U6/:#I-VF`>4D3A+O'SG.!2GA'ER:T".Q2G+8-L):#N9VZ;(
MLYU,XB1#'(1S_RT!,(09CBGL)P7]I$`9O?(LTUD@A#'V7*_FJ`=$,C^Y=3HK
M(B'Y%^>7@9898#GU++.9&4H3YJ%6`"JE?F+K.8HD+/OBM&>@Y0RPS#S+&7!8
M<T;SW#,]QR'$$O_[!-0(2KXZ&SGH.@=<9YYK".-Y64$8O\@0QK\/HLDEV@AU
MZ+J1#K;RW)K^%AIWQX;WC-TE[.TO;2/L^]9=IBQ._"!^<W6H6AULI+%7?'=)
M[Z4TPEJ,'^T'=[2M>ES48F_<E-FYZKM7OS#R=.O%XQ^"\C]02P,$%`````@`
M9S#:1IS5`'$<`@``H08``!D```!X;"]W;W)K<VAE971S+W-H965T-#(N>&UL
MC57=CJ,@&'T5XP,,_EL;:S+63&8O-IG,Q>XUM;2:`7&!UMFW7WZLM9;.SHW`
MQSGG.X!\Y`-E'[Q!2#B?!'=\XS9"]&L`>-T@`OD3[5$G9PZ4$2CDD!T![QF"
M>TTB&`2>EP`"V\XM<AU[8T5.3P*W'7IC#C\1`MG?$F$Z;%S?O03>VV,C5``4
M.9AX^Y:@CK>T<Q@Z;-QG?UUE"J$!OUHT\%G?4=YWE'ZHP8_]QO64!811+90"
ME,T9;1'&2D@F_C-J7E,JXKQ_47_1JY7N=Y"C+<6_V[UHI%G/=?;H`$]8O-/A
M%8U+B)5@33'77Z<^<4')A>(Z!'Z:MNUT.YB9E3?2[(1@)`03P4^^)(0C(;P2
MHB\)T4B(%@1@EJ(WHH("%CFC@\/,X?50_2/^.I);7:N@VEFY"5S.*421GXLP
MSG)P5D(CIIQC`HWQ)P20ZE.*P):B#.[HP6V"[3TB]&XAU3TD#>TF0NLZPQD_
M-&M8!7:!R"H0S00BXS%9F"P-IM.81&.2-/.\!6QK@Z5WL.J_L!O7L=5U;''M
M+^S$=WF"AUD2:Y;$DN7!YJ96@=0B\.!X5U:!E44@L@MD5H',(A`OCC?[WO%^
M#U;98);C!;.;3!`[ZI+(G9J>.F&NPA2=JNYSH"K!(E[*:FR*YU6FR'MX1#\A
M.[8==W94R#JC*\6!4H&D2^])_AV-?"^F`48'H;JI[#-30LU`T/[R($RO4O$/
M4$L#!!0````(`&<PVD;$%X57R0$``/@$```9````>&PO=V]R:W-H965T<R]S
M:&5E=#0S+GAM;(V4RXZ;,!B%7\7B`<;<`DQ$D#JIJG91:32+=NW`3[#&%VH[
M8?KVM0VA-.-6W<2W<[[_V#BN)ZE>]0!@T!MG0A^BP9AQC[%N!^!$/\@1A%WI
MI>+$V*$Z8STJ()TW<8;3."XP)U1$3>WGGE53RXMA5,"S0OK".5$_GX#)Z1`E
MT6WBA9X'XR9P4^/5UU$.0E,ID(+^$'U(]L?**;S@&X5);_K(93])^>H&7[I#
M%+L(P*`UCD!L<X4C,.9`MO"/A?F[I#-N^S?Z)[];F_Y$-!PE^TX[,]BP<80Z
MZ,F%F1<Y?89E"SL';"73_A>U%VTDOUDBQ,G;W%+AVVE>J>+%%C:DBR%=#4G^
M3T.V&+([`YZ3^7U])(8TM9(34O.W&(G[Y,D^LR?7NDEW4'9/VJXY15-?FZPH
M:GQUH$7SM-6D7I/^J3B^5V3Q*L$VP)HB#:9(-_YL25&&`5D0D&T`^0*HPH`\
M",@#@,<P8!<$[-X#RK^<01$$%`%`<G?.LT9X3>$U>?Y8)>$R9;!,&2B3A@%5
M$%`%`-E=SNJ_<N+-)1W)&;X2=:9"HY,T]K[[&]M+:<`2XP=[OH-]AM8!@]ZX
M;FG[:OYGS@,CQ]L[LSYVS2]02P,$%`````@`9S#:1EY[?I3X`0``/@4``!D`
M``!X;"]W;W)K<VAE971S+W-H965T-#0N>&ULC53+;IPP%/T5Q#X!S&,>8I`R
M$U7MHE*41;OVP.6AV)C89DC_OGXP#&%(U0VVK\\Y]]QK['1@_$W4`-+YH*05
M![>6LMM[GLAKH%@\L@Y:M5,R3K%42UYYHN.`"T.BQ$.^GW@4-ZV;I2;VPK.4
M]9(T+;QP1_248O[G"(0-!S=PKX'7IJJE#GA9ZDV\HJ'0BH:U#H?RX#X%^U.B
M$0;PJX%!S.:.]GYF[$TO?A0'U]<6@$`NM0)6PP5.0(@64HG?1\U;2DV<SZ_J
MWTRUROT9"S@Q\KLI9*W,^JY30(E[(E_9\!W&$F(MF#,BS-?)>R$9O5)<A^(/
M.S:M&0>[L_5'VCH!C00T$8+DGX1P)(0W0F0JM<Y,7<]8XBSE;'"X/8L.ZR,/
M]J'J7*Z#NE&J)J'V-")++UFXB5+OHH5&S'&.00833`A/J4\IT%J*([JCH\\)
M3O>(T%_/$*X6$<[XX5A$O"X0K0I$,X%H%$@6)BVF-9C$8!ZB:+?]HA7Q:IYX
M)<]FT>WX+D_@(S_9+>S,8;&U$T?H*SO)JIUDQ<YV82?Y/SOWL(?=#B5H8<>;
M_9<4>&7NJW!RUK?2GOT4G9Z$)Z3_ZT7\J)X*>[-O,EG:X0I^8EXUK7#.3*I;
M8_[[DC$)RJ7_J+I6J\=L6A`HI9YNU)S;^VT7DG77UVIZ,K._4$L#!!0````(
M`&<PVD;@K*O#!@(```T&```9````>&PO=V]R:W-H965T<R]S:&5E=#0U+GAM
M;(55VXZ;,!#]%<0'K+DG&Q&D35#5/E1:[4/[[)!)0&MC:INP_?OZ0@A+O.E+
M;(_/.7/&L8=\8/Q=U`#2^Z"D%5N_EK+;("2J&B@63ZR#5NV<&*=8JB4_(]%Q
MP$=#H@1%09`ABIO6+W(3>^5%SGI)FA9>N2=Z2C'_NP/"AJT?^M?`6W.NI0Z@
M(D<3[]A0:$7#6H_#:>N_A)LRTP@#^-7`(&9S3WL_,/:N%S^.6S_0%H!`);4"
M5L,%]D"(%E*)_XR:MY2:.)]?U;^9:I7[`Q:P9^1W<Y2U,AOXWA%.N"?RC0W?
M82PAU8(5(\+\>E4O)*-7BN]1_&''IC7C8'?29*2Y"=%(B"9"F#TDQ",AOA$>
M9TA&0K(@(%N*.8@22USDG`T>MW]>A_4="3>).NI*!_7)JD,0:D\CBOQ2Q*OG
M'%VTT(C9S3&1P803`BGU*47D2K&+[NC1YP3[>T0<?(:4]Y!5[#81.^N,9_S8
MUK!^=@LD3H%D)I!8C^N%R9T+$RYJ=6$6YU&Z,%]4FSK-I@Z!9&'6A4D79EV8
M;&'6A5FYS69.LYE#8+TP:S&MP:2+*VBM_A=1/D)8FVCV:BCPLVD_PJM8WTI[
M[:;HU.%>(OWJ%O&=ZGRV4=UDBKS#9_B)^;EIA7=@4KUI\RI/C$E0!H,G=92U
MZLW3@L!)ZNE*S;EM5W8A67=MOM,7H/@'4$L#!!0````(`&<PVD8X7-9[<@(`
M`-T'```9````>&PO=V]R:W-H965T<R]S:&5E=#0V+GAM;'U5T8ZC(!3]%>,'
MC("@V%B3L<UF]V&3R3SL/M.6MF94'*#M[-\OJ+4.,O/0"GC.N>=>A)O?A'Q3
M9\YU\-'4K5J'9ZV[512I_9DW3#V)CK?FS5'(AFDSE:=(=9*S0T]JZ@@!D$0-
MJ]JPR/NU%UGDXJ+KJN4O,E"7IF'R7\EK<5N',+POO%:GL[8+49%'$^]0-;Q5
ME6@#R8_K\!FNMIE%](`_%;^IV3BPWG="O-G)K\,Z!-8"K_E>6P5F'E>^X75M
MA4S@]U'S$=(2Y^.[^H\^6^-^QQ3?B/IO==!G8Q:$P8$?V:76K^+VDX\I$"NX
M%[7J_X/]16G1W"EAT+"/X5FU_?,VO*%@I/D):"2@B0"3;PGQ2(@?!/PM`8\$
M[!"B(96^$%NF69%+<0ODL'D=L]\(7&%3ZKU=M)4U15#FG444^;6(:99'5RLT
M8LHY!O48."$BHSZ%0+X0)5K0T><`FR4B!I\AVR4DC?TF8F^>\8P?#R$RX!?`
M7@$\$\"C`'0*-6#:'I,,&`@HP$XRFR4NI01B[.2\A"%`,/*[)E[7Q./Z"X'$
M*Y!X!&(G[63A$Q*<NIN\1&4)=BJX]4FED/@=IU['J<>Q4]DRG84A0Y@4)X2Z
MGCTX2%!&$\>V!X<28GY^X]1KG'J,$\<X701"*8:8.KZ7,!AC")V-VWI@$`/P
MQ<'*O*XSCVNG/&6VV%7[M2/LEGN)0X!"2MV#L<1!#$E,W7)'LUNPX?+4MQ,5
M[,6EU<,U,JU.'>L9V5O462]-)QL:ST.FR#MVXK^9/%6M"G9"FSNZOV6/0FAN
M;((G<_K.IM=.DYH?M1VF9BR']C-,M.CNS73JZ,5_4$L#!!0````(`&<PVD9$
M8+HW7P(``*`'```9````>&PO=V]R:W-H965T<R]S:&5E=#0W+GAM;(U5RXZ;
M,!3]%<0'#,8/;(\(4A-4M8M*HUFT:R=Q$C2`4^R$Z=_7!I(RQJEF@Q^<<WSN
MO7[DO>K>]$E*$[TW=:M7\<F8\W.2Z-U)-D(_J;-L[9^#ZAIA[+`[)OK<2;$?
M2$V=0`"RI!%5&Q?Y,/?2%;FZF+IJY4L7Z4O3B.[/6M:J7\5I?)MXK8XGXR:2
M(D_NO'W5R%97JHTZ>5C%7]+GDCO$`/A9R5[/^I'SOE7JS0V^[U<Q<!9D+7?&
M*0C;7.5&UK43L@O_GC3_+>F(\_Y-_>L0K76_%5IN5/VKVIN3-0OB:"\/XE*;
M5]5_DU,(Q`GN5*V';[2[:*.:&R6.&O$^ME4[M/WXAX&)%B;`B0#OA!3_EX`F
M`OHL`4\$[!&2,90A$:4PHL@[U4?=6+RS<'LD?<8VU3LWZ3)KDZ#M/X<H\FN!
M.,V3JQ.:,.LY!@X8^!&Q62(0^`@IEQ"*[I#$>KP;A4&C<,9'`S_E#P104`#-
M!/#DD7F1CIAVP&0#!@/,.";("W@)1`2QC)+4"SL`Q"EB#*=A[SCH'2^"1YR%
M!4A0@"R#Y]P+GBRL4@ORZKCY%*I<HE)J,TG#GK.@YVSA&0,0%J!!`1H0\.JS
MIH&*DPQA[%=\"40$9X!BO^(!($:`(_B@8"SHG06\>Z=NS68KD>E(4`(YQY[W
M`)`A3K+4VP)E`$@AY@P\.&D\Z)TOO*?`L[3FBRQ!P"P,>Y8V2Z#=21E)H9>-
M,@@DG$#B>4]F=^-9'.4/T1VK5D=;9>PU.UR4!Z6,M*+@R6[DDWTN[X-:'HSK
M4MOOQA=D'!AUOKV']T>Y^`M02P,$%`````@`9S#:1AV5&]V?`0``L0,``!D`
M``!X;"]W;W)K<VAE971S+W-H965T-#@N>&UL?5/+;MLP$/P5@A]@2J+<.H8L
MH'%1M(<"00[)F996%F$^5)*VTK\O23VB.$(OXNYR9CB[%(M>FXMM`1QZDT+9
M`VZ=Z_:$V*H%R>Q&=Z#\3J.-9,ZGYDQL9X#5D20%R9+D"Y&,*UP6L?9DRD)?
MG>`*G@RR5RF9^?L(0O<'G.*I\,S/K0L%4A9DYM5<@K)<*V2@.>!OZ?Y(`R("
M7CCT=A&CX/VD]24DO^H#3H(%$%"YH,#\<H,C"!&$_,%_1LWW(P-Q&4_J/V*W
MWOV)63AJ\<IKUWJS"48U-.PJW+/N?\+8PC8(5EK8^$75U3HM)PI&DKT-*U=Q
M[8>=[41;)V0C(9L):?Y?`AT)](Y`!F>QK^_,L;(PND=FN(N.A2M/]]1/K@K%
M,"C?D_5[`5$6MS)/:$%N06C$/"XQ6<1D'Q''SPB:S!#B#<PNLE47V8)/(S]]
MH.L"=%6`+@3RL8W\KHT!HR)F-[2QR7=WG:R!TMV=%;*8;L?.\)N9,U<6G;3S
M%Q5'W6CMP`LFFRU&K7\_<R*@<2'\ZF,S_%)#XG0W/9#YE9;_`%!+`P04````
M"`!G,-I&-^+$_64#```)#P``&0```'AL+W=O<FMS:&5E=',O<VAE970T.2YX
M;6R-5UUSHC`4_2N,[UM(^`@XR$S56K]VIM.'W6>J49D"<2'6W7^_"2!*<JV\
M",1S[CW<<T.2\,R*S_)`*3?^9FE>C@8'SH]#TRPW!YK%Y1,[TES\LV-%%G/Q
M6.S-\EC0>%N1LM3$EN6969SD@RBLQMZ**&0GGB8Y?2N,\I1E<?%O3%-V'@W0
MX#+PGNP/7`Z846BVO&V2T;Q,6&X4=#<:/*/A&E60"O$KH>?RYMZ0XC\8^Y0/
MB^UH8$D--*4;+D/$XO)%)S1-9221^4\3])I3$F_O+]%GU>L*^1]Q22<L_9UL
M^4&HM0;&EN[B4\K?V7E.FW=P9<`-2\OJU]B<2LZR"V5@9/'?^IKDU?5<_^.2
MA@83<$/`+:'-`Q/LAF!?"<ZW!*<A.'T);D-P^Q*\AN#U)9"&0/H2_(;@]R4$
M#2'H2Y">U\Y95XKW/:4U&_7.<K$;885BUHU5M>4TYG$4%NQL%/5<.L9RRJ*A
M8(G@<E0VNNC)4OPI(5'X%3F6&YI?,E*#&=]B<(/QNIBECD$MPA026AT8U#'&
M&A]W,TQTA&.1+F8*8+J(%RB*W\7,=(QM=2&O4)B@BYD#&*3$64`8I)3V86E6
MCP6O=0BQ88-LN%'LFP!VHQ3#$1PX@G,3P:DB!(H[XQJ25Q"O@OS`Q`J(TI$3
M`(>(:V.E=%,=YWO857KW14>AP'(5;3,=A3%1G'@%$OJ>JW8&E%!,.T7]`H!Y
MR%;;`ZB%+9K15]YRI>-L"R%D*XT"EM:SB0-[[<)>NT"WW.DW#X[@:=WB(,62
MI7>CU:TML6P?NTKSKT"<%ZBX]6-<1SF!E1-`N=+`*Z)E<K%]I\0^G,8'TJA?
M9;]G@2"<@Y&O%'P-QA,%"F#E`:P\T)HC<.$`<A$%5RU+_Y8H[SYN,+584G>R
M]:3V^P2&J1_S*0`3*'5U@5'*C)UU4/4<4]>77NGF($K]BO32M+Q3+66!7<$9
ME>Y>/ZQIU^1[6Q.DFTQ4DU$_DT&8;K(.@TP&49K)Z+')?=+-091F<A]-RSO5
MTDP&,VHF/ZII;;)YLQ7-:+&O3EBEL6&GG-?3OQUM3W'/6&YEE?$Q&BX0,+Z4
MI[YJZWL-'X7'>$]_QL4^R4OC@W&QA:ZVP#O&.!7JK2>Q0AW$N;1]2.F.RULB
M[HOZI%8_<':\'#S;TV_T'U!+`P04````"`!G,-I&&=9P+_H!```W!0``&0``
M`'AL+W=O<FMS:&5E=',O<VAE970U,"YX;6Q]5-N.FS`0_17$!RQ@+ME$!&F3
MJFH?*JWVH7UV8+AH;4QM)VS_OKX0PH+;%VR/SSES9HR=CXR_BQ9`>A^4].+H
MMU(.AR`090L4BR<V0*]V:L8IEFK)FT`,''!E2)0$*`RS@.*N]XO<Q%YYD;.K
M)%T/K]P35THQ_W,"PL:C'_GWP%O7M%('@B(/9E[54>A%QWJ/0WWT7Z+#.=,(
M`_C9P2@6<T][OS#VKA??JZ,?:@M`H)1:`:OA!F<@1`NIQ+\GS4=*35S.[^I?
M3;7*_04+.#/RJZMDJ\R&OE=!C:]$OK'Q&TPEI%JP9$28KU=>A63T3O$]BC_L
MV/5F'.U.>J>Y"6@BH)D09?\EQ!,A?A`24ZEU9NKZ@B4N<LY&C]NS&+`^\N@0
MJ\Z5.J@;I6H2:D\CBOQ6)-$N#VY::,*<EAAD,-&,")3ZG`*Y4IS0AHX^)SAO
M$;O8G2%V%A$O^+$UN-^[!1*G0+(02*8N/*^Z8#&]P:0V21B&JTJV(/0<_Z.6
MU&DE=5C9KZRDBRR9P:1AN`*=MZ`H39.=VTOF]))MO:!5Q:=LDP8I,XO&V#S!
MXH>DP!MS4857LFLO[:'/T?DM>$'ZAU[%3^J-L%?Z(5/D`V[@!^9-UPOOPJ2Z
M+N:'KQF3H%R&3ZH;K7K%Y@6!6NKI3LVYO=AV(=EP?Z;FM[+X"U!+`P04````
M"`!G,-I&[BZZ8PT"```?!@``&0```'AL+W=O<FMS:&5E=',O<VAE970U,2YX
M;6Q]5=N.FS`0_17$!P3"-1L1I`VKJGVHM-J']MDADX#6QJSMA.W?UQ="6#+M
M2VR/SSESQL:38N#B738`ROMDM),[OU&JWP:!K!M@1*YX#YW>.7'!B-)+<0YD
M+X`<+8G1(`K#+&"D[?RRL+%741;\HFC;P:OPY(4Q(O[L@?)AYZ_]6^"M/3?*
M!(*R"";>L670R99WGH#3SG]>;ZN-05C`KQ8&.9M[QON!\W>S^''<^:&Q`!1J
M912('JY0`:5&2"?^&#7O*0UQ/K^I?[/5:O<'(J'B]'=[5(TV&_K>$4[D0M4;
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MKD!;#%?ZVAO=K:<%A9,RTUS/A6M@;J%X?VO'TW]"^1=02P,$%`````@`9S#:
M1BPL`?3\`@``&@P``!D```!X;"]W;W)K<VAE971S+W-H965T-3(N>&ULE5=-
MCYLP$/TKB'N#/X%$!&F3J&H/E59[:,]LXB1H`:?@;+;_OC80%NRAN[T$,&_F
M/0_#8Y+<9/W2G(50WEM95,W:/RMU605!LS^+,FL6\B(J?><HZS)3^K(^!<VE
M%MFA#2J+@"`4!F665WZ:M&N/=9K(JRKR2CS67G,MRZS^LQ&%O*U][-\7GO+3
M69F%($V"(>Z0EZ)J<EEYM3BN_0>\VN'80%K$SUS<FM&Y9\0_2_EB+KX?UCXR
M&D0A]LJDR/3A56Q%49A,FOEWG_2=TP2.S^_9O[;;U?*?LT9L9?$K/ZBS5HM\
M[R".V;503_+V3?1[X";A7A9-^^OMKXV2Y3W$]\KLK3OF57N\=7=BU(?!`:0/
M($,`X?\,H'T`_6P`ZP/8$(##MC3=5MI"[#*5I4DM;U[=/;U+9IH$KY@N]=XL
MFLKJ(C3ZGD&DR6O**$V"5Y.HQVS&&-)B\(`(=/:!@D`4&^*$DRG!UD50-(7L
M7$A$81$4W"<=Q=-.!)I)P,`$;)2`]85B5J$Z3-5B>%<H3$-D[67KPF*$;-0.
M0-&((U@S!S5S0#.W-'.'AKEBMBZ*\C%J(B8$Q82`F-"B"1V:+Y@YE0%0\Y6)
M0#$1(":"$\1@@AA($%NEC=UVX$`[`#"@:W8N;-HU$]%+4/02$+VT1"\=FBBB
M<\4UE@J9"G*)&+)=!?T7TXQ]88`)VTQXQ!2UH'!AOPA;$,4MJ]J!*$9F1(.&
M^(`)()K8HLDGY&Q!E+VUW4>YIJ)A`\44$.U\*2`0LS5#($<R!`IG%,..C0'+
M9I&M>&RS8?^2,A0ZSQW`D8B&,]\0#!LR!AR9Q79]^$>2IE2PW6+`;YG]LN/0
MH8IL-:'3.WRQC&>TP&Z+`;OEM@WVH&F3DJ7]'%P4&S?\5`[LW1@P;VZ/-,%H
M@BI%?6I'T<;;RVNENA%D6!W&W0=B)C!K?6/&X'8R>T^3)I?L)'YD]2FO&N]9
M*CW?M1/:44HEM$:TT$UPUH/Z<%&(HS*GD3ZON]&UNU#R<I_$A[\#Z5]02P,$
M%`````@`9S#:1J110Y$2`@``V`4``!D```!X;"]W;W)K<VAE971S+W-H965T
M-3,N>&ULA53;CILP$/T5Q`?$7`Q)(X*T2;1J'RJM]J%]=L`):&W,VD[8_GU]
M(80U[O8%V\,Y9\X,>(J!\3?18"R##THZL0L;*?LM`*)J,$5BQ7K<J3=GQBF2
MZL@O0/0<H]J0*`%)%.6`HK8+R\+$7GA9L*LD;8=?>""NE"+^9X\)&W9A'-X#
MK^VED3H`R@),O+JEN!,MZP*.S[OP*=X><XTP@%\M'L1L'VCO)\;>].%'O0LC
M;0$37$FM@-1RPP=,B!92B=]'S4=*39SO[^K/IEKE_H0$/C#RNZUEH\Q&85#C
M,[H2^<J&[W@L(=."%2/"/(/J*B2C=TH84/1AU[8SZV#?;**1YB<D(R&9"''^
M)2$=">F#`+\DP)$`'0*PI9A&')%$9<'9$'#[\7JD_Y%X"U6K*QW4G55-$.J=
M1I3%K8194H";%AHQ^SDF,9AX0@"E/J5(?"GVR8+N)#@L$6GT&7)<0M:IWT3J
MK3.=\5-K(OJ'`/0*P)D`'!N5.HVRF,Y@U@:3K;)O3K%+$%RM,[^5S&LE\UB!
MCI5LEB6WWRQ35]UQ?/#`HHT".MW_+^R3Z]SK.O>XSAP[^2)/GD"GM.,2E,;I
MQK$"9A>`8GXQDT0$%;MVTOY!4W0:5D^)OD!.?*^&F)TY#YFRZ-$%_T3\TG8B
M.#&IKJ>Y8&?&)%8>HY7J6*/&['0@^"SU=JWVW$X>>Y"LO\_1:9B7?P%02P,$
M%`````@`9S#:1I\GR/G]`@``;0P``!D```!X;"]W;W)K<VAE971S+W-H965T
M-30N>&ULE5?;CILP$/T5Q`<LV-B&1`1I<ZG:ATJK?6B?O8F3H`6<8F>S_?O:
M0`C!PRI]";8Y<SN>&2;I1=;OZBB$]C[+HE(+_ZCU:1X$:GL4)5=/\B0J\V8O
MZY)KLZT/@3K5@N\:H;((<!BRH.1YY6=I<_929ZD\ZR*OQ$OMJ7-9\OKO4A3R
MLO"1?SUXS0]';0^"+`UZN5U>BDKELO)JL5_XSVB^P0VD0?S*Q44-UIYU_DW*
M=[OYL5OXH?5!%&*KK0IN'A]B)8K":C*6_W1*;S:MX'!]U?ZM"=>X_\:56,GB
M=[[31^-MZ'L[L>?G0K_*RW?1Q4"MPJTL5//K;<]*R_(JXGLE_VR?>=4\+^V;
M).S$8`'<">!>`-,O!:).('I4@'0"I!=`[$L!V@G0FP!IN&QC;YA;<\VSM)87
MKVZO^\1M5J$Y-7>SM8?V*@QKRKRSB"S]R`AE:?!A%768Y1"#&PSJ$8'1WIO`
MD(DE=L3QO8&5BXC">\C:A<31/63C0@B-84<CD(MHH(!T"I(1%RVF:C"TY8)&
M+!RYNP)@R(6M75@2AF/4!D!%,0WAT`@8&@%"FXU"(P,S<8-A3W1\51`HHJ.P
M'M&T@4`$PT%1,"CJ!L5&W"T!#"&CF"#,."0(PV!G&>@L`YQ%(T?8@!+6)1<)
MV9@Y`(;CB$6P.S'H3@RX,T%^`BI('BB6Q$E<0H?I?6=F!IJ9/9"X,X>/B9NQ
MGPRH!X8`&1-LHHDVBAZ@HP,-^<`)F^(#@=WT&>$'&.E`]\6%9Q.&X&Z(@';(
MR(0*N.L@J.TXK!`W2\+)+$%P*T!`?;JL4("59,(.7,4(*F,ZH0*N/`24GDM*
M_%^DP"6*H!IU2$F<ZIGX:"*X0A%0HFRB`#%<@!@H0(>2#O3%I_?>%%RH&"K4
M,2<8`8E"Q^TQ&,Q8I:@/S72KO*T\5[J=0/K3?H)^QG9&&YTOT7S=SL$W-5EZ
MX@?QD]>'O%+>F]1F`FQFN+V46A@GPR>3S4<S^_>;0NRU7<9F7;?3<+O1\G0=
M[OM_&-D_4$L#!!0````(`&<PVD8!?J2';`(```,(```9````>&PO=V]R:W-H
M965T<R]S:&5E=#4U+GAM;'U5VVZC,!#]%<0'!(/-K2)(3=!J]V&EJ@^[SPYQ
M`BI@:CNA^_=K&T*I,7T)MCEGSIG!F<D&RMYX18AP/MJFXWNW$J)_\CQ>5J3%
M?$=[TLDW%\I:+.2673W>,X+/FM0V7@!`Y+6X[MP\TV<O+,_H331U1UZ8PV]M
MB]F_`VGHL'=]]W'P6E\KH0Z\//-FWKEN2<=KVCF,7/;NL_]4^!JB$7]J,O#%
MVE'F3Y2^J<VO\]X%R@-I2"E4""P?=W(D3:,B2>7W*>BGIB(NUX_H/W2ZTOX)
M<W*DS=_Z+"KI%KC.F5SPK1&O=/A)IAQ"%;"D#=>_3GGC@K8/BNNT^&-\UIU^
M#N.;&$TT.R&8",%,"+XGP(D`9X+_/0%-!&00O#$578@""YQGC`X.&[]>C]4E
M\9^0+'6I#E5E91&X?*<0>7;/411GWET%FC"')2;0&']&>#+Z+!'8)`[!BAY\
M%3BN$1!\A11K2`SM)J`U3[C@P]$$V`B`K`'0(@":"I48A1HQG<9$8Z%"")/(
M2-<&"Q`RHA46&$S@ENO0ZCJTN$X-U^%:)PTC$-EU(JM.M-:)C4]XL&$V+E)L
M%8DM`<RK%"^2"<=D$#`OTQH$XQ#8K216*XG%"C2L)`N56&.B76`4OUB#T`Z&
M=BNIU4IJL8(,*^GJ$R<),*YEL0;Y$?0WKIMJIK9V`BQN0K.?`$MED@V=C;;E
M6W0B4\=?Z82[U!3R%JVR)>RJ9PYW2GKKQ-AKYM-YKCT'JM4:YP<U[W0+_@R3
M9SV^DM^87>N..R<J9"/7K?A"J2#2)-C)OU\E)_*\:<A%J&4LUVR<4>-&T/XQ
M<N>YG_\'4$L#!!0````(`&<PVD:_0@16XP$``,($```9````>&PO=V]R:W-H
M965T<R]S:&5E=#4V+GAM;'U4VVZC,!#]%8L/J+DX(1L1I";1JGU8J>K#[K,#
MDX!J8]8VH?OWZPLAE*"^8,_XG#,7/,YZ(3]4!:#1)V>-V@65UNT68U54P*EZ
M$BTTYN0L)*?:F/*"52N!EH[$&8[#<(TYK9L@SYSO3>:9Z#2K&WB32'6<4_EO
M#TSTNR`*;H[W^E)IZ\!YAD=>67-H5"T:).&\"YZC[9%8A`/\KJ%7DSVRN9^$
M^+#&:[D+0IL","BT5:!FN<(!&+-")O#?0?,>TA*G^YOZ3U>MR?Y$%1P$^U.7
MNC+)A@$JX4P[IM]%_P)#"2LK6`BFW!<5G=*"WR@!XO33KW7CUMZ?;,*!MDR(
M!T(\$J+UMX1D("1W`OF60`8"F1&P+\4UXD@US3,I>B3]SVNIO2/1EIA6%]9I
M.VN:H,R91>39-2=IFN&K%1HP^RDF=IAH1&"C/H:(ET+LXP=Z_#7`X1&1A%\A
MQT=(FBPGD2S6F4SXB4\B3)<%R*(`F0B0H5&;6:,\IG&8M6]4O(K#'[-R%V!)
MLEE'LY(78(20D,RRQI-?S4%>W,PH5(BNT;Y7HW<<R^?87I69?V_&U4_772;/
M6GJ!7U1>ZD:AD]#F(KJK=!9"@\DR?%H%J#(/RF@P.&N[3<U>^AGSAA;M[<48
MGZW\/U!+`P04````"`!G,-I&0L`5WYH!``"A`P``&0```'AL+W=O<FMS:&5E
M=',O<VAE970U-RYX;6QU4\N.VR`4_17$!PPV)C-MY%AJIJK:1:71+-HUL:]C
M-#Q<(/'T[\O#<:W4W1CNY;P`4T_&OKD!P*-W);4[X,'[<4^(:P=0W#V8$718
MZ8U5W(?2GHD;+?`ND90DM"@>B>)"XZ9.O1?;U.;BI=#P8I&[*,7M[R-(,QUP
MB6^-5W$>?&R0IB8+KQ,*M!-&(PO]`7\J]T<6$0GP0\#D5G,4LY^,>8O%M^Z`
MBQ@!)+0^*O`P7.$9I(Q"P?C7K/G7,A+7\YOZE[3;D/[$'3P;^5-T?@AA"XPZ
MZ/E%^E<S?85Y"[LHV!KITA>U%^>-NE$P4OP]CT*G<<HK%9UIVP0Z$^A"H#EX
M-DHQ/W//F]J:"=E\M"./-UCN:3B(-C;COD-$%]8BHJFO#7OZ6)-K%)HQQS6&
M)DQ5[A8,"?J+"=TTH2N!*IM\*+8%JDV!:B7`9H'R+F7&Z(1Y3!A:,?8?&[9I
MPS9LZ)T-^\>&,7KO0E;'/_(S?.?V++1#)^/#3::[Z(WQ$`2+AQU&0W@O2R&A
M]W'Z%.8V_T*Y\&:\/8CE539_`%!+`P04````"`!G,-I&/2][)@\#```A#0``
M&0```'AL+W=O<FMS:&5E=',O<VAE970U."YX;6R-5TUSFS`0_2L,]P1)2'QX
M,#-Q2*<]=":30WLFMFPS`>2"'*?_OA)@8MBEDQR")-Z^?2O)NTMR4<U;>Y12
M.Q]56;=K]ZCU:>5Y[?8HJ[R]5R=9FS=[U52Y-M/FX+6G1N:[SJ@J/49(X%5Y
M4;MITJT]-VFBSKHL:OG<..VYJO+F[T:6ZK)VJ7M=>"D.1VT7O#3Q1KM=4<FZ
M+53M-'*_=A_HZHF&%M(A?A7RTMZ,'2O^5:DW._FQ6[O$:I"EW&I+D9O'NWR4
M96F9C.<_`^FG3VMX.[ZR?^O"-?)?\U8^JO)WL=-'HY:XSD[N\W.I7]3ENQQB
M$)9PJ\JV^^]LSZU6U=7$=:K\HW\6=?>\]&^">####=A@P$8#1OYKX`\&_E<-
M^&#`OVH@!@,Q,_#ZV+N=RW*=ITFC+D[3'_<IM[>*KH0YFZU=M$=A=JTU[RPB
M3=Y3'OF)]VZ)!LSF%L,Z#!T1GF$?73#,Q88!<Q[QJ8M'#".FF`S#!%/,$X8)
M<;$^NA_^#0$?"*+9?O28NL.(#G,7<Y]2'W?$44<<<13C!`(E$)`@)C.E`B@-
M`F+^9KL/88(P`,L@S._H9F>`P/@$-@DN0(,+D.#H++@`.08D.`BC2&P(&26+
MHD-4=(B(9C/1(?##?:@9H@2,+$.XHD7)$2HY0B3/?_X1<,-\`35#&"44BH8P
ML:@Y1C7'B&:.$]@:@24]@E"(>=8C\$KXR/W"<"R$@:,X?S%VNI"O*2(]6*!`
M\_$#90A%.(^>P=3!HA@)'P,*",P08!AQ#O,'`C2XY5M"\4Q.OY+**9++@P"Y
MW1B0<@+E9QA23'=N*A^O#Q0I$#&0S^&>QIAZB*,1(AVAH\O"\;I$L<(4SX7#
M(L$"['9!'`U@PLP0G$^7DR'%JPZ%94<L4N`U@,(B$()3@XG[SD>C1X%(]<*`
MG"!'Y]WTA95L#EU'WCI;=:YUWS&-JV/7_\!L7SE;W]!5UO?NGS1I<LH/\F?>
M'(JZ=5Z5-EUKUW?NE=+2Z"3WYIB.YGMEG)1RK^TP-..F[^#[B5:GZP?)^%64
M_@-02P,$%`````@`9S#:1DW<3>@Z`@``+@<``!D```!X;"]W;W)K<VAE971S
M+W-H965T-3DN>&ULC97?DIL@%,9?Q?$!5@14S!AGFF0Z[45G=O:BO28)B<ZJ
M6"!Q^_8%-:D!TMD;^??[CM\Y*!0#%^^R8DP%'VW3R758*=6OHD@>*M92^<)[
MUNF5$Q<M57HHSI'L!:/'4=0V$00@C5I:=V%9C'.OHBSX135UQUY%("]M2\6?
M#6OXL`[C\#;Q5I\K92:BLHCNNF/=LD[6O`L$.ZW#+_%J1PPQ`C]K-LA%/S#>
M]YR_F\'WXSH$Q@)KV$&9"%0W5[9E36,"Z1?_GF/^>Z41+ONWZ%_';+7[/95L
MRYM?]5%5VBP(@R,[T4NCWOCPC<TI)";@@3=R?`:'BU2\O4G"H*4?4UMW8SM,
M*P3,,K\`S@)X%\#_"]`L0)\5X%F`+4$TI3(68D<5+0O!AT!,F]=3\XW$*ZQ+
M?3"3IK*Z"%*O&:(LKF4"XB*ZFD`SLUDR<&0PP8_,UL<DC\S.QZ1W)M(^[V:A
MURQ<!,"S66B9G9AN9)*107D*(+*XK8?#<8Y2Z#>$O(:08PB3W!\`>P-@3T;(
MR@@[3B%!:0:LA#Q8CE-H83L/AC*\P!Y<)U[7R2?V(7'KFZ7`<>UB$*0YLEV[
M6`P)S)^X3KVN4W>S\B>?7^8-D'G2MOZ#3>88Q0G!66[G[>$`B;%=GYV'([J*
MS_:+>(T3CW'KY]P0M\(90*YQEX-QEI'8-NYR2(>+B6T\6IQ4/3VS'U2<ZTX&
M>Z[TH3<>6R?.%=,QP8O^#"I]>=T'#3LIT\UT7TSG^310O+_=3O<KLOP+4$L#
M!!0````(`&<PVD9+,VQ75P(``'4'```9````>&PO=V]R:W-H965T<R]S:&5E
M=#8P+GAM;'6538^;,!"&_PKBWL5?&(@(4K)5U1XJK?;0GAWB!+2`6=M9MO^^
MMDE8!.82?S#S/C-V9IP/0KZIBG,=?+9-I_9AI76_BR)55KQEZDGTO#-?+D*V
M3)NEO$:JEYR=G5/;1`@`&K6L[L(B=WLOLLC%33=UQU]DH&YMR^2_(V_$L`]A
M^-AXK:^5MAM1D4>3W[EN>:=JT0627_;A`>Z.$%L39_&GYH.:S0,;_$F(-[OX
M==Z'P,;`&UYJ*\',\,&?>=-8)4-^OXM^,:WC?/Y0_^'2->&?F.+/HOE;GW5E
MH@5A<.87=FOTJQA^\GL.L14L1:/<;U#>E!;MPR4,6O8YCG7GQF'\DH*[F]\!
MW1W0Y(`2%_@(<F%^9YH5N11#(,>S[9F]0KA#YB!*NVGS-B$J\\U:%/E'$0.:
M1Q]6Z&YSG-L@9P,GB\BH3PCD0QS1RCT&B5\`>V/$,P$\\C/L%R!>`3(3(/<(
MTD62HTWG;&)G@XG!4.0'Q5Y0[`%E"U"\`GW+"(9P(R/J!=$U"((%B*Y!")(T
M`WY0X@4E'A!<@)(5"-(L39.-C%(O*/6`T`*4KN\HHP#AC3O*O*#,`\(+4#8#
M46=#*`(8;1R=K7M?;0$/BBR+"ZROB1!(DGB#M5''T,.*ERRX9E&""<HV6-Z"
M/D#D8:V:!EI?%DAAEM(-EK_V(?:PDB4+K^Z+4I@0L/QC1+.VV')Y==U?!:6X
M=7KL?]/N],(<D&NK7^9%WK,K_\WDM>Y4<!+:-&?77B]":&[B`4^FQBOS!DZ+
MAE^TG29F+L=785QHT3\>N>FE+?X#4$L#!!0````(`&<PVD;3'-$\AP(``"()
M```9````>&PO=V]R:W-H965T<R]S:&5E=#8Q+GAM;(V638^;,!!`_PKBWL7X
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MGW"C:]/_1IN3L;JYA,11(]^':]7VU_/P)$=C&!R`QP!\#4CI?P/(&$`^&D#'
M`/K1`#8&L%E`,M3>S]Q:6ED6G3Y'W?"VC](OJO21N7>S\9W^5;A9,^Z9)\KB
MK61I7B1O/M'(+*<,[AE\2ZQ"@J!;9!TB&;E%GD*$LNS*)*Z.:S$8+`9/$I`^
M02H(G("`"<@D`1UG0\QF8V#:GN%#(1B3'*%9Q2L`1)CA`%R'(,,"H2EXXTY!
M=QJZX]E(2SH9B?7,IU0P+D)Y@,2(TRRTAW+27)"[^@S49X!^.M-GX5"<IZ'3
M"@!ICGDH#X+L_M1ST)T#[K,MLN3A2`(S&KI#8([2T!T`.<GH7?<,=,\`]]G&
M7&;!2(1G`ECR`$A%%H+K$,0\R^^OF1QTSP%W.G//@>69Y1R%\A#).`TWQQHB
M,4WO3[T`]06@SV;Z(OAO2-W>`J8>``7!@#P`4@+\!3R!&1D/BTPFA\U1[M5W
MV>VKUD0OVKISJS]Y=EI;Y9*B![?C#NZ#Y=JHU<[ZV\S==\,9/C2L/EZ^2*Z?
M1>5?4$L#!!0````(`&<PVD9-(U\.'`,``.,,```9````>&PO=V]R:W-H965T
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M/EV#_UIT<J.J/^5>GPPM"H.]/!272K^HZP\YYM`3[E35]7^#W:73JKZ9A$%=
M?`S7LNFOU^%-@D8SV(",!F0RP/Q+`SH:T$\#]J4!&PV88Q`-J?2%V!:ZR+-6
M78-V^.^="[M)\",SI=[915M94X3.O+.*/'O/8\*SZ-TZ&C7KN8;T&CPI(N-]
M"D&@$&OBF9/[`!M?0=&]9.M+!(4A*)@GG=G3(8=TP0$#';"9`S862CB%&C1-
MK^&]YAM!E"/D9+.!A((33[@%A#A-[H1W[#'('@/LB<,>SR+%0R2&.,#N"PGC
MS$<'',9)@A?1.8C.`?340><^$2?")P=T5N6"^S*,8[3(+4!NX7.[>WHM_`I1
M@1,?'!#RV$]P"^@2O%SQ!"1/`'+LD"=`)050<5^'*06V.:!C8AD\!<%3`-PY
M:=:I%XAQ!(#[.IH@`!S0D65NVX&@,Q@!Y-0]A)$7BL?^SVX#Z,R1D0*[!5`2
M+))E^H4.@@%ZYM)CX-00$+XOQ$*D`#WD,8V7Z<'F](0)0!^[]`3\I?IGQP90
M"@+10QY3\D7QX;:&*8#O]6\*!<,`O2]D*0>.2,@C2Q.QC`\W50QT5>IV5<S\
M+9%2H*H;2,DHA^H/^HSY<@)P9\5`:Z5N:\7S5CAT<9RD%#CH(268ZA92NJD.
M"42S4;"6[;&?J;M@IRZ-'F:I:76:VY^('26=];6=Y_L1\]--GIV+H_Q5M,>R
MZ8)7I<V@VH^:!Z6T-*#HP8">S!?']%#)@[:WPMRWPPP^/&AUOGU23-\U^7]0
M2P,$%`````@`9S#:1E*L69(K`@``*08``!D```!X;"]W;W)K<VAE971S+W-H
M965T-C,N>&UL?55=CZ,@%/TKQA\@?B"VC349VVQV'S:9S,/N,U5:S:@X0.OL
MOU\^K+7HS$N!RSGG'F[AF@Z4O?.*$.%\MDW']VXE1+\#@!<5:3'W:$\ZN7.F
MK,5"+MD%\)X17&I2VX#0]Q%H<=VY6:ICKRQ+Z54T=4=>F<.O;8O9OYPT=-B[
M@7L/O-672J@`R%(P\<JZ)1VO:><P<MZ[+\'NB!1"`_[49."SN:.\GRA]5XM?
MY=[UE072D$(H!2R'&SF0IE%",O''J/E(J8CS^5W]ASZM='_"G!QH\[<N127-
M^JY3DC.^-N*-#C_)>(18"1:TX?K7*:Y<T/9.<9T6?YJQ[O0XF)V-/]+6">%(
M""="@+XE1",A>A#@MP0X$J!%`.8HNA!'+'"6,CHXS/QY/59W)-A!6>I"!55E
M91&XW%.(++UE<;1-P4T)C9A\C@DU)I@00*I/*<*U%'FXH(?/"0Y+1.0_0XY+
M2!*MFXA6SQG-^)$YP_8+`;@J`&<"T!0*6B9S@^DT!FD,0D'B^Q;NL,3!38@6
MN.,:+O;GN"?C\:KQ>,5X8!F/9XD24UWH;:!E>XG:0B^,+--+U";VXB]JC58M
MHQ7+UIW)T2S-UMP9+][&EF6T,!-Y*+$<+T&AER#+,)B]J):PBVY-W"GHM1/F
M2D[1J?N]A.I%6O%<=D73Q!XR6=KC"_F-V:7NN'.B0KYW_6+/E`HB/?J>+&LE
M^_:T:,A9J&DBY\RT,K,0M+\WYNGKD/T'4$L#!!0````(`&<PVD9R63T%KP,`
M`/T/```9````>&PO=V]R:W-H965T<R]S:&5E=#8T+GAM;(V777.B2A"&_PKE
M_8;Y'D@9JU:-49.MVMJ+<ZZ)CDHM'RY@W//OS_`AT9[>E1N!\7F[FWYG@!F?
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M)V"]H,^#"W@GX)\"\5>!Z`1BJ$!V`CE4H#J!&BK0G4`/%02=(!@J"#M!.%10
M>]XZ1SXEZN^2WFPZ.,O%;LJ`Q&\G5C,MYU$53<9%?O:*=BD=HWK%TD>KLL'K
MT7JBVSE9VC]K9#+^F$C!Q_Y'':ECIM<,:QA!U"VS=AG:$[XMH:^#H75,F:-G
MMQEF+B&(OF7F"'-+/&-1@EMFX3*<W"(O6)CPEEDB#`5Q5AA#06OOMN;U?L%O
M+J(Y;A#')PJ_"L"[B2+P"`*/(*XBB"Z"!%.M9;*&42TC:1`"%V<NID/".8@V
M=[$PT*$`[7MV,6I?4DJ"<`LDG.0L!'Z]()@(%`>K:HEDI22@!%2WPFY",!7B
MO9=X[R72>["$I_(JD6R8+X(RSN%"1#@F"&/`I+G+*4(96&S/+B4I46`M+5PJ
ML$T`!KVXE`U%-$BY=#%F[U,!;.5BF@A8V5HZ]GR1@G()N%>7$UIS`=<I$HY*
MP;3$[5:XW<JQ&RZAJ7(3,4U"#7HZ0SBJ[;0'LW[N<H%B$LRQ9Y>B(9&@MH5+
M,:;!-'Q!$@8*MGV))11$@NI7"*8HAT]BI!?6P3``=_GJ<IQ02L$3X`UMK>+Z
M#X]5C7NMD:4-WHM3?95)MYG(`ZQGAE+PM39W*0O!URP*@78NM'/_\#4[)-<2
M@Z"_0^I9XUT"O7Q%TX%5\W:OE3?&!KBQ`6(L>$9-@T'&HI1CK$LAQJ(0-#:X
M:^R07$L,@L8.J6>-=PD:BZ:#QMYK96NL?_7]G9IBWVPK2V^3G[*J_7SJ1_N=
MZU=6?[^#\2E]7%%D?&UWNNW&]#/\9'R,]N9;5.SCK/3>\\KN&YKO_EV>5\86
M3Q[LV^5@]^+]16)V57VJ[7G1;D_;BRH_7C;;_8Y_\C]02P,$%`````@`9S#:
M1BU%MWRX`0``?P0``!D```!X;"]W;W)K<VAE971S+W-H965T-C4N>&ULC93?
M;ILP&,5?Q?(#Q`1#MD4$J4TUM1>3JEYLUPY\!*LV9K83VK>O;0AER-IV@_^=
M<_S[P*88E'XU+8!%;U)TYH!;:_L](:9J03*S43UT;J516C+KAOI,3*^!U<$D
M!4F39$<DXQTNBS#WK,M"7:S@'3QK9"Y2,OU^#T(-![S%MXD7?FZMGR!E069?
MS25TAJL.:6@.^&Z[/V9>$00_.0QFT4>>_:34JQ\\U0><>`004%F?P%QSA2,(
MX8/<QK^GS,\MO7'9OZ5_#]4Z^A,S<%3B%Z]MZV`3C&IHV$78%S4\PE1"[@,K
M)4QXHNIBK)(W"T:2O8TM[T([C"LYG6QQ0SH9TD]#_E<#G0QT-NQ"H2-8*.N!
M65866@U(CY^B9_Z+;_?4O;C*3_KWY$HR;LTKRN):YMFW@EQ]T*2YCVCRY$_-
M<:E))\UVUA#',(.D49!T$9!-`>D*)*:A*Y!1TP7-UZ!)-PF-D]`H"8WLDJU(
M8II\14(7)+N@2>(8610C^P^,F&:-D?T3@RP.2\_.\(/I,^\,.BGKCETX.8U2
M%EQ:LLDQ:MW?8!X(:*SO?G%]/5Z0<6!5?[ON\S^G_`!02P,$%`````@`9S#:
M1M1!-MPK1```\B`!`!0```!X;"]S:&%R9613=')I;F=S+GAM;.U]VV[D2';@
M\_(K`@WUC@I@92>9]_*X%RJ5JJ?&U5*Y5#WMAK%84)F4Q.E4,H?,+)4&^^!O
M\!A>^&/VI3_%7[+G%L$@(\BDU#6&URC`XRXEXWKBQ+F?$[\MRYWZ=+?>E'_[
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M]*%UD1\>MLYDT?#YW[5V>)<668X;6ZE7R<Y=J``U^&__S0>Y$QAC1>.\7B<W
MS:_7R;IT1CS=%P5UR,HE;.FG-"E:9W_^?#AZ/HJ:/[\I]4$DZL=TO7[^\R:_
MWZC+-"GS3;I2;\IRGQ;_H]GM/.\:Z`_Y&E`U*1Y@96M/;]/V-R6<[C8O=MGF
M1EWNDMV^5+(II]-/:=ERI#2).H5-W^2%<YZ7=\D:OU<3G>9WVV3C-)31WNVO
MUMD2#B%/=FTXE-_=P>VZW.7+GT-U>9L4::DN]KMR!_<09FC%$#DH0937\+.S
MI]<_'>I-Q^SM>WIQ?GGQ]LVKDP]GK]3+D[<GYZ=GZO)W9V<?+MM)@7W7G1NK
M,2PIRW3GSI>4MT1ZEOB/]$_[[&.RAN9.PY/E$HE7J8ITF4*CJW7ZHMGF(EO3
M6#=)J4H8QAGD0Y&L'+1^5Z3;)(,5Y"4,C_W33T!92T_W?`?`6W9NZ%T!9+E`
M',:!8#];!'RHDAU-T+7D+7?-TC)4^Q+1;'>;JNO]>DU=U5VZN\T=0GL!C0H/
MM/9W^S7@\TJM4F`*RXSH8XA_K5.B[#AM<H<(_6<O[6S;R29U=X%K4)M\TPT;
MAM^)'Q&DYSI+KK)UAE!H18%M\H#GSSM8+HM]VGYF;S;+_"Y5N^23[N9<#KA*
M'P$"'U.5;8!+T$TY</8=JWR;;VZ>[]+B#D!]Y4"*-@\XO,N*E&YD#J3BAN#O
MC/0JO4YANA4LR^RA8V)>84<#(C:W^7J5%N5OZ$1W#@6#RR"3EM@:[OQ1-!@.
M`7:%@INY3_]&1<-P.*3_J9+I5K('Q"RR/Z>KOT$D2%7>3LB$\)G1AX-);?1Q
MY^AQ&`W'83R=ZH\9,A?Z,!S-Z`,B!?XUMYM9"P+<5/FU`IJUO#4""O<"ZA7"
MV93;=(GHL':@<[):97A4`&<D&<^S#="M;09P;[9\G^Y`[D*\3(H-S.HA1<`?
M]\#?2F8!0A_4\71&F\<%3:<6'.HK<V@PGW[9XX@=/*&Y^O3L8@['[Q*\&;>`
MV<!AGN'1JF]DZ8>0S!S_H88.1O3LP%C2LW%?Y&U==:W5P27[6OO7ZVO9L=@F
MAOG/HG:FEQ_@/]^?G<-Y7KQ6%^_.6`[NR?I'#EL`_I&0O%2D']/-/BV[6+8?
M3W-GC/99-`]P9@%6MMHO?4P.>$K![!!H0O(HXNSEJN%!MOI=NDE1>Z!VJ[ML
M0YH)WNI#`&AC<14`CM=Y63X3?N%GTL)+CO5@SQQ@O=D`]TJ!%/F',9]E!&=_
M0/?T0@"LJU[<]1S@GOO6YR#<\5L:69-5=96"\I>B[/0Q*_$<X4^+878*!,=7
M<!;7V>Z9WHL#"Y%*VCBS<V(7'T[>^O;6>3"R)5DT'"9P`K[I>&.=-;U,RFSI
MK"A;[W?N@GY,LYM;%`*3CX`C-VEMY!KU<+?>3AA.?W=R_MW9I7IS#A\N3O_N
M=Q=O7YV]O_R-.OO[']Y\^*F=6MA:CP*&H?[@HY^&<%&[#A[\#GGPFPWH;=T\
M^*R-!^>>7B_3FVR#S=55LDXVR]2H9\"B;7(7]^AY<H<2Z\&>B"(:\0E3'`*V
M!VDE*5.D4J4/*DZ#-GJ/VCBNS30$):/(]S>W0&B(T,%=2(ME5KK(Q,=V!;.@
MLG2'-\9+X01<;[Q,[(R%L`.P=5A)LYL?L`>[^6=S=-9^LQWLYI_-,=OTF\WI
MUG5!3RY_IUZ_O?BQ@W.3YGV]SN]+=5WD=Q:?25#&),G0(0HGJS_NRQV1<+7+
M41<'G2\#56S3)'+X&7\DO9ZH\PK0YNJAWSP^U<>AUE[\?'X8/UM8]T'.?8RL
M[9G"7?;G;*>WR>8&1;J-*,4TC25]DT*-M_$*=?X4QH:U7V4;%CL\D%DB>01"
M`:"A?SVCL5WSB(?Q<4]HOA6;1YM(T3++00W_6'<D-##390>5<+.XXU7JV]9C
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M6,I^38/!::"E%R[J_FYKD,<VT`"2Y&M$=V?\UTDF9@ASU_TGZ-O8V]H<,+LK
MKT4#=9[L!.JB:7KP7FRSN)MW^3I;XHC_>'*%JNUR]S\=@!X>$7V>+\IMLDS_
M]BO@5F5:?$R_JE83U/JJ[]-/RUR=@69]\Q"<YL4VYR_J.%&G^1K^6N7`5\WO
MS^@`,\#!^UL`++"'>U04S.D07WZ->+61455CU//T7OV4%S_71@61#U2JVWM`
MDN!#^@F.[556;G,@C\WN_-59T8>7%PI-(O\]N=O^C?HN@56\?7M:=5AG=QFJ
M<QHY'DC0238/S]3Q$C:BS8-A@`CURU_$3_7+O\#P`/!T<P-*X$HC'##0M4R/
M<A!TS+?&%[PU-A,\IPU"';9Q@TL"]KM*D=C#/_/-BN0L8LV!U0S6")@/Y.WX
ME[^<?_>VA#4,U/=HXD3:"[/KM?US6>,;^I:6M.)E2G_2DG]$JP/!X6_4;7X/
MZRUXGS(2'F(IZT9$;'"@_4:VB.HPTL&;E`&1%;LT1;L:[*(<J)/U[I84HCMW
ML?Z5!KA2%C!$V$!F#8"J]>3OI2IQX6A!KI8'R[B_S99`8':\B61C1A^HYNV)
M!^IR?W>'-`16=YG=;++K;(G.;<\M=&GJ$WOZ+V0\"/J/J-X5(`EF0--+O+^G
M<'/ARXHOQ1D0UCL$4(#P/3&TL%1(ONA'HF-G%@/1'J'@O9%Z!WA_J#7<'O6N
M@O'9I^4:T'8%Y`&1ZS2%^[.Y@6L*AUS3"()7-8W@Q-((V'<%LQE9ZJ*2I?0.
MQ'$77.^)R)V\OP!2#XM&51#H":`=]029[B[Y&2ZAWC?-]L?]ZH;5JR*]20I2
M#.&[9CGIIZS<I:*^)Q49")%%W*?K-?WWEIP)H)-DNST!=`7SXQ5%?)(+/U`?
M+.0$2:(D;*63A=49CJ*7MZI8+JZ-78NP!^R$6X1_KE*47T"49;^E84R#X,T&
M[@,.*X2G/LLR62_15TD0!XAM@`\5^;ZT&&(3.(!&<)C:18IL%-?(+MP010(9
M[AJX3PXW,8#[#L*T2DA_1:<H2!.D9=.=##6,D4,;$9AMN<M*@<.YUG`L:_3%
MW."2\P)`GVX^9D6^$3F%:&>.3!4][=:W<A!\R(7N[G#W@B!%RI;+4L!9IK6-
M9W!"RYW_<'BPC$42/`4;(9"[H,LH%[>74=V##!%QE>KCTZ=)PL-`L3@4?"!Q
MB(S&0<T5?*8E>55Y3F%O;,4,1)AZA^$48NU#*XAZS]9[O*DY$`E&0;BBP4LR
M>W#TAM'?@U-+?U=XNV'9-D4!F,*_ERD#UB&1HX%ZJ=7I4TN==DQVOD8=@DN?
M0?V$<C0(_)-=;(#@P$:N`&+:/ECG'%NQ[<$)P0678[<]FBB\%.5MMK68)S1K
M$R9^^0M\`78<!@?%"F%+Q)-`^7]NF-P]B#XLNNH)45O?`D_[1%<11*IX/B22
M5&?)\+7(UL1(PP`$$-E"0R#0OAZF4JSY:`LGC,'T[R@*HPF[BN]10D8&OQ+-
M'19T-!XLU%VV7B,*724;$-68"`!1H$W2X$%C7!P)P)PO;0*G+3=+(N.KI@E'
MR\ZDT!AZ61'`F@"/E^DC8'B+KGRDHC`>QN$P&@6&O55&'34;A]-X%)#I.FBN
M"[K.IN%T-`V<6(GC\22<SZ;J6<`\S&\/,#LYG@_#V70(S4%O;,((UZ@ACR"L
M'1PJ-81^>26>H_9US:%'#QAZ1"YWIN%I`VN.1N+U!GS26,!6GWJS**;Y`VAF
M?$%T](#;-=[VJ%6-VU8U&TZ:JPH\JQJ/Y[K99US5R+^JX"B*%N'\,*RF<3CN
M6I0^0`5G#-=\IW5MO`#$=G)%.K:M:],Z0786[!,-]RI=)B!+"%NA%=4BJKR]
M@GL@(<#G<+E%!ON&6X<7>&GDP]0HVQ3C`#^TT/WQ0)%"_`?-(5^;;F_:;;16
MEU?&RM#%!IXPQW@0].C%RP^8P<-AK-)K\F"!3B$1!#NV.`/A08Q!^2'3DAM>
MS1W*?O?Y?@U]4C$&,QTK23H4*[2"8R"["!*X(MF4U\!]+'DR.`:Q8L=CLB$6
MM,!BE1:`3M0^6<IY[^Y1=P*B_C.,NDV`B(&`GXAU!]=U1U8VIC1XE')"O$7K
MH^A[:U@?J!!`(!%O*D2$-5!D$7,_)J;(.)8<LXFF%_46];L@4K_\J_K[?8Y8
M0QM@WD2:L2R4\3`#S96E-+]E?B`#QGT'+(&-KN'*MAGZ_U0;H[X$J[OE34#R
MIF>@HR7Y&&ZHS(Y3W.6K=/V<;+4P.,)5*,G];4ZFONU>@)M?H3!"[`"FX\^E
MI;+QF:QPH()Z!%4/#8P1`L/6\V1\X91F>EX63;O?V,,8O`_\8&J@@?@;<Y&^
M<[2M@!`.2T%<H,D9,G`-[+W(>JZ]N,94;YD4Q0.)QNQP*RB\MS*/H/.!Z"+A
MF4V,Q%6G*-">3[+5G!KZ?#-D+'&=&Q79+NV5:ZHJR`^4$N08U'<0:8`H[-AP
M?(?T`(4W;@<=*J*9V30&-V\-_SFVC^9K9<S7AW82\/B[/:U,XDG8.K+*";^M
MHP22L\JND4`1T](.*&Z>XX=4VW?-'M5]MKLU%PID%R3C<$-`.%LRX\Z0N*9W
M3!L1N(3>*A9\'JC+-&U*I>=P?=4$<?&4)<G7(DDRT]X7Y*-!FK4O2ZUCVY!V
M+5_&E*;*^V3+R"^(NF+0;!*T3W(\,(`)$"4#N*\XDF-%DY,>60H'`!AD6SH4
M@C(*Q4"U^0QU#]N+D.#![W>$@&@+6Q$5?V`5!(Z=."`TA5/AJ(N/^1J`7+)V
M#,)NRJ8,QCT6<@P5"-P=>]VF3S^..1Z'I8C2QCU'T>3'DT'S$%T?*"!R)0]T
MB`/=`_GUP<D@:")14Q+#DP%@?Z2S$_O%39$R*R4$?XE:#8#XY`X`L$Q"=3XX
M&:ACMOV>Z+:HZHDB)P?/=S9I*D1X6D?3<"3QMS3%!LX6TWS6I!."FDBS%]K-
M)?*FNLJ+@ADRTFN5,@:0JK39(P:'^N+"0"B``,6NIAI(S$,9\#@I6VL+MBZ9
M/1-G`,Z/<F*RQF!*1&#&4RLTTL6Y5B,_A[["#Z!*[S)<9V#IV"T6ZDI;XPM>
M+1"51]ACBAO8D"$,KH<0(QP0?H-_)29-!Y;\.KTJ]F@^C20=2A\5F85$`C>4
M'>DOWI!S4"'98C`,`U`7`8(_&("!-'23;<04I9=C,(?L8T)RA:OJ\Q?/.HEN
M*"G2T1&A18;&@CFV?PEK`2)$Z`>2`FJ4N5A/U=M\LX+_4)0@*=T70J'?XS#'
M7[U\>:+>OGEY\?ZK9[`;M`1<8YH,!7A"BU!MU_M2Q105GA9H]T$[_3;/:.4,
M&@1S/)C.O\8-4"!WH(-D!NI-8W.UT&_F=!5N.=<JJ[BQH#V.J!)QQ=<-,_?9
M&@/!`6<V,.9>XD[T';E.4Y&<95H#PU_^+V)8I#>HC@>3KY\)KN#X#!<=LB?(
MN-\DJX_(=E=Z//X05%,R\6U92;4Q6`;P>13E<7EP*9.B-`)64J*83C)$F@"L
MERC%K(")2B\ES%,TTE4@TD)-0*A4M(9R:T$^84_G+W]I#XC]Y5^,X@@4XB-`
M19NG\NN`M,AUQCJ!/L==,ZX?4>7(4)GS')DDNB`H@O^ATCOP^N//8O0AW4F,
M*CH^SG/GZK<?F64"/`TH'1`B\HDLH<^&M"&2$6OD-B/QA;7AW<,VM8S:9(\3
MD&&D$3D1C0^9Y>80Y(3B!J\?7_.\N$DVXJ<HZ]9]5+?79:X-/;S%NQ1C"H".
M8;QN)2A6*_908&?8;(/HMP7Q'>5!HG/)VA[$EVSAW"@8J((B4-?;["K;E;6K
M1J(?G!BK?$![5ADRLLVJ#``H;"VH6`"OLQISE0.L;RC_LV9817<%B0<($/(T
M(FW,%<A7</$JDEGY&]%#EVG8;'++=A:@!P34[)S1@H@\0-KB7FN.5P%$V&]Q
MPJ.),%JMU&HRS`A(MQA;VQ1LG>YVJ)P9G,>;X8%Q&*"VS*VM"X+#';'E#MD`
M(%JZ9U<2D-V;&^+?0,`KCL7VX?=P]8H\69%)7R"&9N3W[T_1M8S'76BWEV7+
M]+H_LWHV3H5EMED6KW9S[<3)2B-0U'&Q(L4==->BN-%@""1W2_1LL[_S6=5A
M945RO[&H+1%$^@YB1W-]H::O@9:7*NH::O(*PE%66N=ME*^:.7\C7(!E&Z'>
MVDN6KAC!M!+FZ=FDBKZ$)R*,DW`A9EPBOM3N]WOHK'.SN=DTC#0%_6`;7P+6
M&I"\@!!EO,`2#?.@E^.74AN+9,-@RC9/OCKU%:/A7$BW^(Q2I/<G0-#72@)R
M7Z@C%8?CF&RUP4LMDY9J%$YG_./[U-#]8VW#?F8/V)@51JR@U!3\IP/V""N_
M1]B?_.=MVT_1>,1D?JUC.@BZQFA:\[M"!\5MJ&5"0S_@2,GK$XH1^"[_F)!$
M;;&]9FXL"N'9+@TL_S0B3X?0K>I:M66Z9-5F0^[0C&PN:+@T5@V.-*M%7+`T
M@]K)*@RT8YB9)#*6NM>U2LQMNI2+K/SY^75!U,<R:4A&4-,;R]=>L@>U*B,Q
MLW2U2$:J&ZB$;FA_+84,KLGJ)Z[;#W3Y-2#(RH[I392&B-H?[5T4=Y;!S.R4
M?$A:N(1"H(OJHY!F8$77>\P9O$Z;B[!F%HAKR5!?_R[3D>$SVJI#"?9D6$8@
MF*$LD]3!<&"QNA@+,1,IH_F"5@V?`$GNDV*E=].)Z`V/3-D@3R\"HI1(?X)3
M.;&@.K'.H9GD"@T#4K.81N%D-H-_S4$?'$=Q8(?H:2Q5\6P<1N,YZ(SPWVA4
M:\3Q"RMU##1\/([4,W4,`NLH&J/K3V>[!0(L&"E<C&(U'H>CZ=0L7S66W^XM
MM#D+NA_'PS".IGH?P=NT+%\$IXW#Y0QB-6**C-&5TB+H`!9[1D<\/D`JGA*D
MFB1RI@,8U(>.["_XUH_B=HTU&P3VYYH\<IVM"==LY`^NTQ5I.E8X/&QU7W"@
MT<<$;B?HOJ0\N6V$[E4G8R>Y`<D52E?%&I&I&"D17.B=L<:1N)["H/NU$&()
M96%E`\BT+)*3@HG")Y\0)_ZX!PJWRI:B8/R(5_<ZO8=[MTPY5J6N'6?H2R0B
M!52DW%_],5WN4$C^87`Y\,QB;1ADSCL3'X$6'OA-N[\R,5[Q382+@W)#3E$3
MI%?\/MF0.863N6O:>E(&:,1DKP++5F_$PJK#4]0E\$GC1P/J?IN@(PVC`U,,
MKF0?/R@2*PPZ9QM:I?\@HZ"[8&V`0%H1CR!E^E^3,N*Z+(NV/YI3W*UHN@+=
MGZQ!:+#=J!2FS!]20XR[MT$$;L\B-'J<66F'L^'0)LW!+;[?BJ@#V_5#JA^H
M&:+F;RC`7/)VZ,C8OW-L.7>>V1(6*]Y69$1%1U^YXX#\9^Q!096T0SQ2J#E'
M3TR`KD3QE/X]GH["^:@:+RA;<H34:`I2WES%BW`\FW3%2*C1?`SCSJ#I/!S.
M%Q0@46674';0+`:*.YQ3D]EH&E3VZ<!V4OSR?]#JMQB/`\[-C2*@YI%:@+`Z
M"N)P.@?B/!MBT0-H-IM$=;!88'T1G,$E+,N@TN.3*E@*=PLG1,P<^LF?URW)
M),`NPM%X'L['0^0=,2PA#N.A#@59M2P!P'T\G0[#^0R[P1_SR1SXSP+^.*%H
MSX9^6KN:;.U&.K#'D#KE/UYB1XUX"RV::],@:?KH0`(&!V<'\OFN82%LSHRR
M&65@U8^P-C'>=":31?U.Z'I`VWVQS06LSA)%S0\#L5ZBJDIY$[Q(R0"(A_'"
M"1'1HIPX14J<&4D_(,^!-3-M%_M.P-E#=)EVNR*[PK!03N!;[9>5]$59#1R5
M6*/2T)$U/=X[NEJ9GN,8MK&JTN:;)`G4BE7*HIF=#6;2MI%19A*X5O?P5]3>
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MT;#C&4BQBQA):P3"=XSGCJC'1X^0N2F2%?O.V&`6`?F-(V@.K(SD>:#/BPBY
MX5VR(>LF><<Q*KQ$07XRFZKQ-!Q#'^"$L_G(Q4H7IX]LK.[&37N@%A0%8`4?
MVH\(C4JC\==>Q<H1CIHW?(!Y.8$V%?4B"G62O\K(F0VDGP)H'A3&$;,9G&ZL
M6-H[\+9*>B/.64O?)@*VWQ0<YOQG890";[)^>B4>1L4?K'Y!K9\_U0ZIUVQ!
MRA3^:U;_5U`ED%9!-,FGP.RP&<>OV0#1#:"-,8T'R*F3F+&=#:*`I(C,W#CH
M0_\75'FDUH]GR.V$49@?.[=<RPYL;+:Y[1]O0>7BP!*C(K6?PUWRH,5?L2UL
MTD\[N&OL]FNH,K94@;<4?ZN$9T8D.V0ED*!]<4UX`SV9UQ=5.+S&KAV5?:F;
M?-HWPK%^@LN2+!"(Y25UV`FH2#HVJ'U(%,M764G^BG3E<7G6O&,Y&F.,.X>%
MA;1TXBWF`SM*PXVU:/TT'P1V>,?)>AU8(23>""?:@3'\(4VO<E$<38OB75,\
M/+H*"`!_9C]>7'(,@9B-FE\E8!OI#\@!9>(D<N0A!>^578,"_.Q0+-+'Y5A*
M,;2)A8YSV/2?@9678@WPZ[VQ?<KW#'[YEUJT"J4/2?C1?;(U84.VC,F?/^9H
M:N!@`XD:2,7=I(FPR+<4$X5%',74(-7/7&T5E)Y/.JJR,;T.8MJ3&03#FM@D
M7.$NI6`EVA?<&%QE?/NJE""9A4W,#]:'0-N5T7%54K`FGP0MB'I5=E?+0G)X
M+?75^Q<4N`M2U8)N`&=V=-#.FAR%PSKOZA#Q.C$'V8.^7P4*VMOGF%82Y'64
M6?I)<#24`S:Q;M8LI<4I#)<RR;7?@\J/DBKH'F<RFI4&RDJ&!$,&F&?ZT_=G
M_Z!^_/`&O9*X)+B=DD)B0]$U>'BVC9"#Z0LD>&\?-B!=G,K.*);WS68YT!J=
M?:97Z3I+/[*?,Z$"%NF6+=#:C9F5/_L"`SG^#X^+XR$P[%$GU*T\\7\951\6
MN"-FL8Y7YOL"?^&5U4\N1*Z"\@.VQ`"*S0WLI!8^6+9$]?ET>#^+-&(5EJ?V
MGWDE@-PW;K8HGU7N,4,*E8K.,$IK\+:H8KY[&8:J+JO0BFX'!<5`5_):S4G9
MZ0:H%4EYH5KL/Z*`@A1T;@JK!&X?U;`948]:`E`UD*>,ZHN@92CI!2K#8A[9
M2[`[]UM'W1!D#:M@V+0S"K1DC"&#I\6'#;.E^(9RO[P-.;3$R_:2P@J+7C\H
M2Z:TLEX:[FOQ61M.VUW81S6=4;UX;'#0KVU*C]H(]$/%Y_6JZ#IA#AX'I[0L
M4H!_+-!_%B`_#RI^7M8*O!P<+L),M.E"'4_&84SC\7G?])$22$7F_K"BQ2*,
MIZ#W-N6[Q0``\D>`TBE%3:6%6U,%*"9?X!^TIK;KKB]Q8,#%(&BTT"7#=>4$
M)VHEQ>SQDFHK$-$2'/AA0WF3ESN3P,WROI6+51E#@*I=9QS%JK,U**R)`D\J
M5S=@[`K653Q0*KOM`-?U&-#^EJ])9M!.(YVA5QA*9V4;E)*&4:9+C"L?J-]E
MZ&?'O)/U@V.)#;2B4V0IA1O::17"Q/#DF=UK44TOT[AH*36E2G>OPE[R;;:A
MD"NT+KEC!\@@;8TKPQH(WQ\<J;K!U\Q^-FD%%5&3+/Z$'A6`EE:2-"^PQ$K+
M]DJY4\V=VDSJS2800P:;'W#RI2"7!HE$<T6SK^N:GCUF#7.B14=+3U()NB-5
MM8QQYS+BN.\RXLFO6L:H>QG3WLL8/W(93B6;876AL#8$U8%P:O%](HJ"E.P-
M7\-N2G-HP)8R-L-!X/04.;7<.7:9ECCTJNJ0X@Q*'1Z0E(%/8FD76-CZ5&7Y
M6[F9M""=M`QT?!1&PWDX'*/I93:?A-$8#:#Q,)R,8V!;6VYGVWQTB1D%%V,\
MB]&]-8[PCUDT`=&DJCH3A;/Q-)S,8THOCH&!3='E/R5W7G!:!:MTA0F4S>`(
M%<%-&`ZU%90!;$!%\95MF=BTNS`>QQ16-IQ'X7P^9K\B+'\$R_M02]E8-3P7
MR<T-5O'8N9$V<L1DRLY]E$4?A#EARV_J.[C.C/+Q,!S/%^%X,L(#I)6C.Q'_
M`!"-T-<756=GLZ)JF!>!Y<*WJR2JV2A<+(;Z/]$,)YLA$PDL)U&MA\$.6-AD
MBF$J(US6>#H$#(AP4:/A(AS%<XH?P3PY\YC!JU=4S>`$B"-L`7!D,5;1/!PM
M)N$T6L#L<%R8$ST*""GGT9"<D$?X94B8%,L?DT4XB2=F0(G8X4MW%`_&\Q#_
M$\T)%O"OX8C"1>^6'`-EL>,NK:#%'FV7<G>SF*-HH*0H<$LY#4^/H+N'>K5/
MZ>C(0T.,\J!HRJ+!?;.&\&9/8?`<3.*O)LSRTBJMAV4'=O$W*U4\*UBX)E>0
M25Y&O?_Y"NL:`YC(ZM^Y6F!W'%!D"MD2492%L*A%LMV*2R43'*R:R[0)NQ9-
M;8EF4)TL8*WLQ/ZS7AY0VX8U#`,-0U-0L*IF,1DLYDX`ZGB`!Z<>=W"CSH,+
M'G]PZM<<7#T:+V/KJ,^M4N&5K$M7A&0+954D"&MF8A%L]_@X9YS/M_H8\$<-
M-K:,=>CO3%4QVJ%>TA;=84"RD"^ADVPTC(C!H.]LQJ[`9\&E6UD[L*IPWPP$
ML($']K_\J^Q+WJ^8#.E?&)E2_6LAGCBM5.N*'7:)RA9D!*([">/1&$GOCQ5&
MFC7Y\`'69$:K+6L<AQ%PPVI9;67,>:<O`JI;CL`:#J(9`1#^,>$?A@L`G=0P
M[VCBD#TLA59[N.+,^W`%_]HAQMF#_/L__9M_F!99#DN@6=U_^6?IC4H!!].;
M4+27N82QO`+!A2I360]#Z$A;<EQQ@D@L<>=D13=%6/0IN<G$-JW5V&[*G(J,
MC`2E,#YT*U"@G0-H":=:`Y::L9YH<>?:84Z<)?](*;TCI-`<YE*D3*`WN;6A
M&M&QIVO;C5KQ9BRU1V\PZ+'!4?L&XW`^&IGG.S@ATMT/@&@RGGE8^$@P4UWX
M"\6^JI4S;92[8EGGE*N9$461D+5W.G?A`"JWS0K+"FH-$$DOT^V.,]MB.)PZ
M1)(5$`_!3?RJSG3H(<@96+L"R(*4\U\#A"3UF%KB#U3T\8/N2TUT(+9!T$3'
M=M6)%5^!N/$6T&:E[7"EM.3^I5T`CP?BWP>R4],,`$Z98$#Z3/0Y!NL7F2EV
MR4X9,MF(+T:OE9>AC]8=DFQ#0#[M$7G5^H,>\>HA$"--MLTHM>X\S<B"7]_6
M!FL\V+.AYQI#;A%%)S9L]!)05A#[1[:A-#DNLZ`X+MG<!XT)&N`X\!5[D<W1
MVD>B*-QUDV\PG8JC:.W/`X-2Z!+6M*IVH2M_XQ8P(;#A)@8<,NE*,9F:K;\V
MCC2F9&@.F,$L$I!+D/$('^1Z!K5Z>]"TLF48_DN+9K<3)4E@O&Z^I[PPJH/"
M>>*RC,:4'&2H8'01_HT]K]:0TQ2@8:40(?9?PX%3`9]K">AEMQ^Y?+@4:?WF
M\&QEUW1T7>DPL``8E8\,7".""1]F<%;'C<>"]>CO-4YI=S\_2,3N/X9H2SWL
MIH\S6"8;#^\R;TPT<(*WC/_BC-5:O0)L1/#4E1IKU_P\K]\39"Z!1B^'2[A1
M1;8J;T5&U(*$=;044_X1*=+XKQB43%$449T>#;%BEW;D>1*;S4"9MCI:60*7
M-5>"5>38"I?JH51^,(8R8E:620FM_EC'&J^=)C(8]+.SW29N*C4-5L(.4=<>
M3G7$;59*5(R5.6V@1T''B:N)X%4<3!F+?<Y0R;2TB`].8TKKF0Q)^Y)5D8$O
MLTU^AS$AC6I$`W6F5VKB$*3B4&!\S[?&-FX'*[C"EJQ.ITAIMS&EFF(=',SP
MCX<23F0Y:*4D:<WS'E``A34S["RAG&39LH:"N7<4>*:OL289I(55S@EG]Q]N
M4^NL9)%R<<U5R4J/=V*_PSI+QNQ.@SJEGBAV1;+E2DO3HG[D448[O284AO(7
MU:("1B!+_Y`H*9-:9T(\M1)G[=<^`CM5K<*@6BTIBG`V;PT]9.EZ%2SW!?FP
MM%=`.`VM7B,:.20;/A.@F8@(JW2Y3M"L:++30Y1O]5\\">6/^S7;07#"R^>+
MH'V`(;((F"F4!#T49#=5]0[QF:<%98M(<>`.U8"1D8I0RXN!PG(#K.:M@Q]9
M1.<D'M0Q"QI9XY45E\0I*<)'4\,R$BHRMT'!N^I476%)P#%755#4$MU[*"6&
M,%->^FY79<3X-*VM&#B;83@:$\<B:I+ZE%?"3'Y]G2VU9TU?NJ;^59,[L+C-
MC)[-U):)FM;58<)J[BSX+#L3PUB=4_?=6=#<&1FJ'K>S$=V#^ORD_<D*"=W*
MNI7-FA:Y42*F,N15]1"K5J&Q2UK4;L#*$%?1*B-?D1E<A^,$'ZFJ#-YS$A"%
M>;UI%$)I)IXVL^.-%/.<5M0(`JI!R)!(X]$U.;>F/+10DL"]3%*3T#MBMNF4
MA4Z0,.PQ?NA.N]5T%K37L"C-2*6S,HT'@1VJW<2+IKWM.P,46Q@X4I/!!`WX
MX\%L@H:K/U1,F5FIFDT'\4A]K69PY2+X+R9RU"FN<3B\=W*T`^(H\6`20\]H
M,!OS`&<U-GD,`*;C?J:BH9KA8.<U$9X&R:KRN>V0QRHAYN(BN,RM6^V-PM(<
MF26#!RT%H_'U8<M%]+7XV["HU.:6X9#U%:)%&)'X48X+?VIU>_V')D+W\#@T
MLGG.V61MK)4G@G%G^MJ^(Z)0?3<F&MWR?7J79!0V?ZHC^]ZB<`!7X"?:]QOX
M-=N4V3*PWE\/&J4E8C4?24K$=#"&OP93M$MB"L=H*KBK_9[!F=%NCKG3,\#>
MT01O`Y]#`'`XDW/@+A=VE:I&RMI(S8<ZV!WQ=(Z^*`J^^JY.WY$PVY-'5/;W
M&?2*%T^=?*PP^7`JLX\F:C:84F[E9!P.I[%9@C!/Y'K6$GC\?E-[5`[4L:;5
MQF>#T90W_@=17W9-<C*#\ZA.:3J(%MSAK,[#ZBF!;;VD^KU=]7C+\4?BN-6F
M&HWP5#R\"A=<=3)&Q^'P8]-)]$@V<6QX\K,&V:PB]1H#:>%?U$$\5CC'Z8A"
MM^:2&"?_D@$R?5UXE*`:Q=+J36I=3.$!(_0R>VF'%8)G@SFY0EN9'C?WX*=5
M%^8]1@3B.NI$H53GQM_5GW[(=T-'@B.^5K_\*UZCB1I/S%4$D,!/4_Z$3I$Y
M(2O=-O@AX@_SH;X;^&_X,*</)![:EZ::ASZUH;ZR;XP1EYR;(Y8I79_Y9'^S
M!^$%JY81<:W^9F)+TE#=)UEBFCM5="$UD*4^=$K@\MS@FO'`V*W?49#UAZI,
MM.>5M+:6'8;MWL.W^&G&@Z!C7OD42(2X_4ESK4/.$JLB#MW"E<C7;.U991QF
MG56US\A46S,,!?6(05,VG6IU4UF4VV1]K<7(.PQB1+IC/=YN&WZN0!73!F'4
MS;.[JWU15LJ7U4UO,N@M"["L<13%DS!&K\%1-!J%\VDD9K#Q&)C/^&"DPP3K
M2J-A\-24*W2?+ZL^T>#(QP$ZZ8;>%.I5Q@/F"9QY:A:8=4II\5SP1Y<(E/,C
M7!JHBTU-)&CXCJA:'`,;?D<1DQ"%QI4$"*,FLT,/[:Q2K*A*GPIV][E6+1H3
MCOM/Z([;V,L'CZ92T6+]=I$IE76?2@%QNX`@IJO4JW.GVN2O(8Q/C:ZIS)FG
M!MF+H#H,_>@M9HZ^YGOVDV0O(]VC6C;#YI>9`B0#BH:YN;:YLRI\*4A=D`RX
MXN`"LU+*MC@:S;"ZF39F:M_2T0)KV73>(-0!JQN(%]ZZ2EC!3LK=:$=]G2;P
M.3AX.JW'*+YGZJ5>H3WP^(<-E?%(5XXC_`E]6JCDM!Z9V#88,?/JZ2K7X.0&
MDRF9Q)1Q18S2#ZV@`Z+H"JX.F=[0P[6<H4\NX&)559XDS7H/>A^6EBMKR3)"
M\"[/3L4*6CVZY2N>*+?-D+HJC09ML%6)_4`O!R?X?0X`0#>>F/QU55Q<^[MT
M5^3K=']'IO[]&LL-E[6H9M`#;Y-2<A&2G0:6O5(*\>2'M+"ZX!T5ZBJ99]A6
M5$17R94BRV3MC4QQD\%P7$]5%]$">"US-!\L564%U"9*'9$NPPZ41!SJ$^7I
MC6WO3WMTTN@"I_1.8.W]0)S0]U(@H\5-FJ_S&WZ7@=*K00A)N;XDF<57Z1V^
M;8:*<2#Y0TD))(YRK"0]0-?01%J`0@VE4Z%?`L4[KF2A[::6)^WG37Z_$<CG
M6:$3),T+6P9"-2Y=LYI*IC2BIX3,R@TJ\5H%Y[SK`!^^DN^OJD<)-ZO@!^N1
M0MWS17!2E0D+M#XZ&O,[.5AE19<VY&H*G)4-?V!B0(4_QU)VZYDZGLP74OA0
MOQN/?3#3K$`7CZ':\IK-C((]0(?:@31">)_(VQQ4^!/&9J%X%%'[X#*1%_[<
M$5GK>U<%3V*9,EG5>!C)JCS99B.E'P::A?/QN,^&(\Y?)S5XW&N_$FXCV^C8
M;R1+C::C)^QXIG<\FL;M.Q[#<O@SJ%&31:\C7I@CGDXG_8Z8P3];3`[M.18K
M0SQ=/'[/HV&UYT7[GB<*:PC)G@5)A=94]Z)&=7;TBHG'`_DQM8LWFSLLM2FK
M<D=UB?LNA0'1GB:WTWHTM*)VQU^]^^'55_RDJO"Y.B5L6PU1&23(_"Y:OJ$B
MLRQCZ"=)\T(_.6VO&&@C^K,3B1NG/"02/FSEHI90S#6+N-R;R:14*Z!P%&^C
M7QT4"NW0Y*RT'FN3&!G@6WABP$6E?)RN5$]3LL78`(+W7IV:,/9K=']7UO7&
MTR;F`2'VV/&;/WO@F$LL;W6]7P<(C8$AC>J^0.<([N*Z9D#5LUC5B82!TO>S
MM3K%0$5HB/;A2AZ!9B(;WN*'JP<[T!L)-(5Q[-#'9;"]N=/,]LN9MUH1<CZ2
MKWPDOT,L,5+)889B,Y`@OVX8-*,%/B4W!-H]FF#)L:&?[,8@(*.0/0[G0R!<
ML;?96,4RVICR),;^T28JGF,I7FPVF8_#V6*H5]W&^#SKGD3A;`3<!@OQA,-I
MR[JC>![&"VJ&(OZ\;=W#:;@849&UV0SS!?SK'LV`^<"Z8>KA"-?=4M6LKB*;
MRT"RJZ>&410_IP`!P'%?C`2C<E&B$?#A>7[]''Z0#FRC"7URL"[C8NXI5D$+
M#@1V<D9_)<,!A2,4'`T64W6UO$Z-U%[+WQIQCAJ5:R?MJQJAK@$$M@8@);ZO
MLQO.]M9TQBX"AOZ^_(],1V<CBVH>QX,9K>A9J*94;IC+JIDGF%G`C*C+GY&`
M7*5`>5;!-MNF3%L3ZS&2ZG%*'/XJAP4=#\8\0959:)1NJJ,O6:%.]02,$V!=
MVKQSAX/B@ZL$'<KI;[CO[4@%WZIP!W"`USL=:"*G2SN[I3?BD,)["[50SO".
M$NCO#2$#RLAC7O"D4X&KW=ODO1Y'@ZD&]EBS(O'P:\Y%<2G"K&H/:Z?J.]"(
M2R#`MX$FM&E1>\?'VK*9<\3SU$NU"#*4^/Z2>834NYR:;W/*IA=R0D:J,+X@
M"A6MM9PA5S%/+A/#TXVG,[P.=N$`YZUO!%2D`05$BI=&&25Z@P'5-#;+)")A
MC5EKR_6/C;9+7D.J1$$7'./CV"P9S?7AY6+.X5*"N.]X)M_XEUD8U'^8RS71
MH("?%GX'GWZ%SRDB!X=R4Y`O/B>A0J)P,&Q21`LB(V[T'<E7U%4>`O^8%OIA
MWS9N0/R.W[(5KD<6BN/OZ::^)F[+^80I2W84/QW@"L*@5CR+!`,LK[P(00)'
M)PFRKG`4]Q"P05[&G`]45\;(YR8@R)Z:+9<8P?3N547XC^,(&.>"17+H.XXQ
MT^&D,O<1@)(5FENC<+J8AW,@=B-BHHOY5%8O=;!DW0L0D>-13/Z5*9SK>!B;
MU]-7VG2'R4*U%[NU`Q]C'DQ4V;6RFIMT6Q/W9<D^G/)6$W69C0F[TA5@**G7
MPPH3>B&.T-<Q&U7BMSS@;<W+Y?^LPI0K*V.4F@-Q0^$0G<^[7+HVA%&*#EWI
M-ZNJ`KOT"C:N>&4_`&^5[I.R.AA'C3Y[R=WDT(@RT`&>P'ZW.3GJ4<Z_31-R
MM)LJ\&+%'^A83C(9E&+,=K=:,Z48JY,F^]RS63>E8A<^6=ZNG2_WQ(&B]?I,
M<H7UC3?6MYK]"T_LBO9EH1&!1!IC#`0=IBRYA]GD0Q7'9B%M!086L6&[7!=)
M5N^$9%*:5X6IEO)F)\2*3EB3B-`OANX,<Z/,.^AV;<W,*D1IX)%LM_R^'JZ&
M0K'@*B!8JJJ'IE2B"4A'C+6N'VT:GZW';5-T$W\(ZMJ'B_Q6`*I`6TK\5E42
MK)UG&WQ/#D4%F@-7GBW9<&:7CA4NX%"&NHN60ETH/#!%NFY2\V1=A191I4!X
M+=7:QDXJ\L5748+!T^*NY"Q%78&J9IU77/"+X2&QK[B':AD:S95]SX@\+2E)
ML?ZZY$<D';6W)74\$]=STY'T6"M#J\UE7<N3<:]J[ZG**Z/ZO4I3+)AU9ZTU
MDXBI?8K&[%O+0[6H7PU1KAJWTF@36H60L$Z+-#.P+9T?3T`'DJ*F43WX9;\"
MQL.N_(ECUI,9L)5H^#4%!](GTI@-/2"_W=X@BFM7;9($O0_9@'D1R9(DQ`TY
M&P_F8YKWZFIM[2\X&@TFBXE.W::B-Q7N]9UE++,LQAAIYLZB8!80$MU)@D=,
MHCVJ\\E@XI\$%)]IUTX""@Q`$1;C<N494<X'-2?D%P_J^BE&]&JBYN"4A4PV
M#AV3F$T*W"HMDDIF0&>7+MJ4;]8/%0W<R7-?YBE2.X`;Z!'V,6Y$0I94WNC1
MU^69&:PI_G@E%[\SBDAAQ6ID@)K/_MA<,W-1B;(\$\:DRTF@-BXD6E>'K3BS
MT&);A&J;W"WK;*_!CB>J,YF`%2BV`C2/0L;6O`C?A`-=;84O6=UD)44_-/>#
ML]'K$9^:",,1N`U68[_]14XEXV*2M\K$U?1D>N``JKZJ@`W"Z<9&>)%2F?]B
M4L;P:_V`%J[<*.HFEE&,G42&RQV(1%0;K_+S48)<I<9OC6O/]E0MC9M/VTWD
M=4#+;U>3@RV?&;F:]>]U1*X$VO>&$=F:"J.%&1>3K]SJM/4JL:4V[:*9:%WF
ME-5F:K9HV9`,L30ZI@FN4<3%,!=K4-M5@"_+4<G)RM"+W6IL5PJ8^K0LCZY1
ME>\SWE>)>84#3$,)9WD$]0L,VG".PTYI-2);L\"_Y%0M;8:KQ<UY"$KS5=C^
MJ[&NE1/(Y21Y:9-[/<^F]D057J4F/;3FT!="+\2^&?`S'EEH*E2C]]UL(_B^
MVL:K:ALB:YW#73S%:5[3-.^M`C<-5^B+0,=?-D,@13NI23E'"A^@&,TE[FX&
MRN\DEC^P`@QG"$M7Z[Y82A9K5L>@[T^T]PDT\V$X'1M7'*GIXHK48UG2M@QV
MS/J!=EB&\WAJ_6&>DY-MU"K8'R]@W6/=&FO41,97A[4CZE,WR.UH&LX6#('1
M.%S,YN*)P_+N7.J;7D4,\`C-N5(T?J5"97=B_K#&/8;-S*?&-P?X-AT;`$5Q
M.([TNFIX\!C1X@C=J0MS?&ASB77M[@B?G>(_+,>Y/97ZE2CGB67I0#_CTG3K
MO*'21&\;U$@R8\41/I."93`8</3G3+MVJ3Q(N)AK3R^NV2IBR?5[&Y8`03:,
ML-:#PEE,^2R.)^%\KCWEI_9(3$B!M%:G[BJ,<3@5!W0\$W=W*`\A!C6F(ASI
MP>)3&,[.SG%"VXFY"?,H<K8G_KA`Y_[*8]M:`7&]Q@`TJ>4>A:-1+/\:.]$'
MJN&9#@.21G1V#&]S'$Z'/-@(KAH/-HIY*&N-V<9Z&006-I4KBD>VF!G81WSC
MJ@?4;-3'LY'[&\$6&)_A-W&I6YA=W<'JA&SJ;Y)$"=#Z6L[DOL"/BWCN'GSI
MNYK'HX6F+V.R&-((6!5TUG&C0^4:2JT;:]U7_'4RY4``[T"VS;(G#7"BX68#
M=:G?W?I[\VKU:U/S_5!8G*_/&\N&T2MV]->LH"7(;C8('C5J\/K-Y>G)6Y((
M@C&P?#52!;H/R(!?[DS(GE4U$;GC)`*FA@'XL\40KA0F`N#Y+ZBB':('L+/)
M)#!V25W252J5'H^!!<!-)&Z)+_O%^%@)X%(4SQ6,/9S2ZU>J7B7I&.G*`@WC
MR%XF<-3X:,D<@UBF>/3#R=C3JZKA9*H@814@LK1S\1\%_QGC_XL.==<5H-H'
MJ.`Y?@0\%Y-1&"_HG<;Q/)R.*$V"ZB%&PYA@.PYC@$D%3P'D?(Z/TM*#,</9
M7,4(UND<19FQ@%"V`8+.+,;FT\F"'/3#2:2B:1B-(KN9!UA#3!J0#4;#"DQ=
M\/'T<>Y@;`(8\#9;K[]1A0EY`.%=OLXH&/M8_\NYBO)XKQ#_JN`!7,->=Z;J
M'S3[.VL^,PQ+XC!UMF2OF5I[._.0Z$$1Z?B/LZI&6J]Y6GL[\YSHZJ;O3773
M7C-X^KDA^+:$],[H,+W&]W=UCT.7X.M?(+7>Q05\FJT1[SX`&^T':ZN#,]JK
MFO/GE7'^T/%;=2M[S=1WL.8J6DZPZ[%F051CDF69&%_A-6^`5@68`QVQG];0
M^X_[U0W;V(K*^<U2"@7?&JM;7GMD.;3++=W3,V$8DYOMZ&&Y9(5/KN^XKI)8
M$@:![<W?:V=RN^9:]U[6ZN'B%LD+),\C-!1T=-UPF+1Y])EG"7@6NY0@4L3-
M_BXMT`)AYU77@5,YQW"X_5H<7^*N1$V5AY/B'J'S.+26%=E"%UJ28%61G>-6
M+-V`,Q5NDG6H'VG-BP>4K#YF!?OG)$9ZFV,E$[0C6]_0#E$SM8I+J7)A,#C+
MM+9Q>;K(>S@\F%CI\!1LA&B^<$U;UQ6[R;W#\P6-IZ-[783:0[L."2.9^9W]
MG.69CN_L1\@Z!NBW/NN)(I?$RN*E0.*!6J[^\0\4=W5SY5AF>5\]+]5K&D\_
M=SM([E_2,QEPSKV&K?5PQKNTWF2U:U_T&KJMLP<DR[0AM<!%R?'Q-U_661M\
MN@=Q@34:J)=H<4,-%=9W9=XU/OY`I?E=04F7RF+7":44KW6:C!!`_<;)4F)]
M$6%KCYU(&8)D9YO,#8'LM]=#5:6C,$:].AH%6LX(JNKK:H8Q-:/Z,R5FO=!U
M!JK':&JZFA?=C\>3<#Z;4GAXY\OCO,/C^3"<3?7CM-LZ[(XJTX9S+I.!.F4:
M_3I9<CF)MA.Y])4V8.K\,MG\3*D9P$&`_H;J?'`R4)A_1(8VFN`QXBW`ZJ4\
M0-,H0#!^047(QUSS+W@)M)9"M$J%`;4Z`<0D[!U'QAAI#=C(OZ,2YXL6`$VQ
MSE&']-$&K??Y>FT]V&O0M:5<>R_H6"_KR`OU0>.%^K9B\$F5.:-(<>.'Z>%?
M\P@CP.+@K75OC-^K44.^UH@9]HHR5\;T("=F-XPBK/YK[$.!#AF)0=T&#7J,
M5HZI6;YJ++\=S>TP<+PWJ(9'4[T/*I#^PKSZ(QF'2DQ'G+"!+_L\/[5?%_(#
MBZ_TB,<'2,53@I3[ZKVJ,>,V/#A]_./@C\2%+X^$_Q=Z)+Q%9G(?B48EPY<E
MWC#E_Z=Z]UEW?/*CSQYAYO.\IWP`BE_>1O[_ZVWD?GCR]/>+'T>A&8>^/&K\
M]$>-NU_1;>6]=AMNTFQQWO6BXK__T[_]U9Y4?*R\]^4E1?V28O,(W_X5GBML
M90?6BX3J,[Q(J#[WBX3J,[Y(Z'THK$/.;;S8A75!_,]T/85Z?GF4Z]&/<CGN
MDY[/<#4/SO,,UQ-/L#U6[->\SF4-\Z+UK:W6U[G4YWF=2_U57^<Z^*Q&'Z/-
M7Z?BJJ=\<4?%U5Z(T_7$57NU5/4?6"U5]:R6JAK54GN9U!J'T0MD58D_>7CI
M4*4_4`WXC:;/4S-4_8&*('ZI'/JE<FBM<JC?1=6[DNA3^,Q_]?*A;32D5]W0
M?MX="@G,VPJ)XA?-=LR3;NUD1M7)3'_B4M&C)IGA&J&JO1:I:JM%JMIJD:KV
M6J3J8"W27N4<VUAT2Z1&LR2@%/T+^I<#?%Q1O3:QOG+#-Z/7>^WC2R6P+Y7`
MOE0"^[R5P#JDR-Z5E?H%%7PIV?1?L623&Y,JY4MZUR#I1_N_%"II+U3B!O]\
MOF2?QYW2E\RV+YEM_Q&9;1V2Y5\]TZV?R/TE]>Y+ZMV7U+LOJ7>/3[UK,[X?
MZMDW3<ZL(?B2)O<E3>X_<9I<>YCWJW279&M?C,9RH)65^(?+5^KXR),TU^'S
M:\T2*]JRQ+YE$VPC&KMU'`G)=KYWQ]M27+8OW*0>G-TC'ONY^I61U^W`!RG$
M`'_2`OS60&RGH8G%=L.O=$!VQ^"-H&Q/''8CI+H[+%MO&<#7LC%[N(L#P\EH
M;N:C/XZY5QBV$\CBB<#N:B,!V!Z\%0%!`O<^SZ+U\3@KPLAKU8B\=O"^"KWN
MFNM0C/5SU3.:^O#A^X*F';)C8JA;(C4=?#"CMH5./X*(^&A'/73:3]8\`.G<
MO!V;Y4E9I2*,OSY2VK>;MO#H@Z'V<KSJ'*NC87`3'G2-EC6':,&"0Z&XA\^@
MLWD5%$G/[H:/Z?O#1AYQJ4=E=L*&5$Z.?.YQ!;S]V@A=+8S<KLCF1T)O"+@#
M'B?BN]GB>(2.-S?N>XR_.HVCB;>Q2T4^6]AX'S!;L>.J-7;<#QI/J+>'1KDA
MW@?/Q`GN;C^:1B3W4X'[]%CK/C#^H;6S/[;:(</>8&K5*YBZS:[5C*=6]7AJ
M5U<T4=7M9,3YU+GQ6H3U@1#JY^ISA$+W8KS-25_CI.381S%,)BSM,.$3GNT$
M9K,%H`.TJCONV2.B+)_4T58FVI;2(_ZY8SU/Z,V+>MO.4YWC_VN$43\>'V@5
M%QM[EV^L5>A'YN$?5NV35!['XS87U[K`>(?@_M0P[N8XORJ(VW]HO2*XFUT7
M^(@>/H-TN@?1\XY>8G"E)%?]PRY+Z1(BI5C*VOD5D]PU;#A31S,?,XYC[Z]3
MWZ_-9;AS)X=U^FCAG7#B_=4K/S27H:W/_>+BGZM'1,#WN1B^B'>V++N*"ME'
M7!S?>G^WPM[=RVAL]:[66,6,/R*169"Z=V1[7V!_QF#V?@)&=]QYLWU+4'FS
M64?\>;,I70J?\NV-/.^9R^%5I([4-VS\<_5&'=<NQ;?3NB_*F30:J`,%.WJ`
M?J2^Q\+;I3K#2/`N\^&X^?'W^PU\'/H_VCU'KC2V-3V=C_:PSD?B8&W;;>%&
M$K-MQ6DZ"/5C]2S6S8#>\T1VX_13__Y/?V$3;[M&(:4(J&Z$>>N<G$GK/?&9
MKO#S1RU$C^@@1BSI"_Q2</D;*C.#I2>\"-FFO/.D1:HMJDQ7=@7Y?QRRC2A?
M1?U:O5RC0+V!MI,E^]UMCN]".SW<=(R:S?8)B1?VO6B_C][DAV8C)_7!4>$P
M$\+AAI07X?Q:3Y%P+*K^1`F'_0XFL3,R9E$X/[8E5+CDS:]4S?P_'SBOUE2,
M/N3*O<N61],1\DU`M=P@?YJ,V\[$B+=,?ZT3!A0_C>ES</A6"D?;;*9!Q!D#
M;5^M]("V)A?V1+T#QSN@]VL'[MALRY"/SI!I04@UYJ=$,&X6'QAI;3?3[>*Y
MM]U<VD61][-W.XUH^L<"V.G>`4;);7G$J1S`K\\RUFO[<D@VS:\8UD=-'IGG
MTH>P_-A\&//I>2U^&=V;TZ(^>J^]-XG%[M9*H+IH;Z\4%M=7V`=ZMG<@;B>O
MAU-FOGTRGCPZ`\:Q4K8EQ+ALLYZW0UDLSRE9YE!3RIYY3LDSAYM.(FHZ[]%T
MCDW14M!SK;ZFGJS7Q\B+M;)XG=X+5"-M11X-.9+;E7C]?N?-!J%RWK&50A?Y
MM2I:JQ%^&S?I_M1+UZO\P!8IG0%4B??>6(-W1;Y,TY4\='CPYEZX=R-LS!"J
M6]CUDSJN\WOGO,<##JB$?;Y+4&G_`+2L3)9/.'RZD0C]:[RCM5>-\.E@L?^3
M$KZZ@TN)1=#9TEU[%]T\0[1-,G(37*6WR?I:2_GT%#G2\[+2;IQ=^9/#VD(T
MW*8M2F0C"VQZX/O,65=7>MASU9$(UC.^Y.IJ_?WRNJO)^'"3T>$FL;_)>^NE
M=S=3P,%9@,0_?I\B7W`JX?=(@OG?^&C9XU;@[V/*8'KC5;U=VL-4_>TOV^-A
M_4NJHH2]W^UDCZ>#\%&`Z`^"_IM_Y/UX2A)6^\7IR+UI:>KF3O5N",?HN2\=
M2_!W.`"@)V09/2YPS7_M*2''$U/\M!OJF<!*)E*-9")O^RJ72%FY1/XCH+7;
M8<S^"^G?8JAS%.PZ-K[:\P>VW7^<=E#T'\,+GO[='9#U[WKH@O\U,K3ZJ"ZO
MK:?+)&6JI8F3OV%2HUHZ.+D9+>WLX)>6)O6D(.=4*7M)/3)[R;7,/NU=SZ>+
M.KY#Y\*?/2R!OC=F#Z;R.-S4DZS3?#';V]&;EZ,Z\G+:J$(M%:==8G+2;E3?
MM)O^W%L>"JWEV72LPZ36^#'7FTK3`<:^N3,=0_A>0^R#Y1[RWJ^;10D?=0L>
MI5P]X<ER],L^[IWRFM$G=HP#GH>%0_UZ<.^V=QZIIE\&4`]R<'"0%L7.DUWB
M:MCU%!+?G6C+@&GU&![J)'DACL*:7*6N3L)1,8YORF>]JCT/<R:1DVA5>W?[
M4-+K'C]LLIT(VBVNYWWY_"9)MO_+'DN&@I'T0#C.Q77[*#I^ZH%X51612R&S
MN<3UA3KXO6T-9I37>6'&@"',"$[_;\IR]^W_`U!+`0(4`Q0````(`&<PVD9F
MYPI7%@(``"(G```3``````````````"``0````!;0V]N=&5N=%]4>7!E<UTN
M>&UL4$L!`A0#%`````@`9S#:1DAU!>[%````*P(```L``````````````(`!
M1P(``%]R96QS+RYR96QS4$L!`A0#%`````@`9S#:1G@<&,8O`@``4"<``!H`
M`````````````(`!-0,``'AL+U]R96QS+W=O<FMB;V]K+GAM;"YR96QS4$L!
M`A0#%`````@`9S#:1N+1)6GD`P```!```!```````````````(`!G`4``&1O
M8U!R;W!S+V%P<"YX;6Q02P$"%`,4````"`!G,-I&<+[]QCX!``!I`P``$0``
M````````````@`&N"0``9&]C4')O<',O8V]R92YX;6Q02P$"%`,4````"`!G
M,-I&F5R<(Q`&``"<)P``$P``````````````@`$;"P``>&PO=&AE;64O=&AE
M;64Q+GAM;%!+`0(4`Q0````(`&<PVD9_E@601P(``/<)```-````````````
M``"``5P1``!X;"]S='EL97,N>&UL4$L!`A0#%`````@`9S#:1A!I8=9K!0``
MWQ0```\``````````````(`!SA,``'AL+W=O<FMB;V]K+GAM;%!+`0(4`Q0`
M```(`&<PVD;"#MD]AP(``'P)```8``````````````"``689``!X;"]W;W)K
M<VAE971S+W-H965T,2YX;6Q02P$"%`,4````"`!G,-I&P^\62@T$``!D$@``
M&```````````````@`$C'```>&PO=V]R:W-H965T<R]S:&5E=#(N>&UL4$L!
M`A0#%`````@`9S#:1KDO,C<^`@``$0@``!@``````````````(`!9B```'AL
M+W=O<FMS:&5E=',O<VAE970S+GAM;%!+`0(4`Q0````(`&<PVD;B,]#-?P0`
M`,`4```8``````````````"``=HB``!X;"]W;W)K<VAE971S+W-H965T-"YX
M;6Q02P$"%`,4````"`!G,-I&E`&.GC$$``!<$P``&```````````````@`&/
M)P``>&PO=V]R:W-H965T<R]S:&5E=#4N>&UL4$L!`A0#%`````@`9S#:1F1V
MT%6:!0``:AL``!@``````````````(`!]BL``'AL+W=O<FMS:&5E=',O<VAE
M970V+GAM;%!+`0(4`Q0````(`&<PVD:G/T]CI`$``+$#```8````````````
M``"``<8Q``!X;"]W;W)K<VAE971S+W-H965T-RYX;6Q02P$"%`,4````"`!G
M,-I&P1`-]*0!``"Q`P``&```````````````@`&@,P``>&PO=V]R:W-H965T
M<R]S:&5E=#@N>&UL4$L!`A0#%`````@`9S#:1N;Q%?6C`0``L0,``!@`````
M`````````(`!>C4``'AL+W=O<FMS:&5E=',O<VAE970Y+GAM;%!+`0(4`Q0`
M```(`&<PVD9PW%INI`$``+$#```9``````````````"``5,W``!X;"]W;W)K
M<VAE971S+W-H965T,3`N>&UL4$L!`A0#%`````@`9S#:1F"B!@*C`0``L0,`
M`!D``````````````(`!+CD``'AL+W=O<FMS:&5E=',O<VAE970Q,2YX;6Q0
M2P$"%`,4````"`!G,-I&P\'T3J0!``"Q`P``&0``````````````@`$(.P``
M>&PO=V]R:W-H965T<R]S:&5E=#$R+GAM;%!+`0(4`Q0````(`&<PVD8G+J;\
MH@$``+$#```9``````````````"``>,\``!X;"]W;W)K<VAE971S+W-H965T
M,3,N>&UL4$L!`A0#%`````@`9S#:1J&I-YZ@`0``L0,``!D`````````````
M`(`!O#X``'AL+W=O<FMS:&5E=',O<VAE970Q-"YX;6Q02P$"%`,4````"`!G
M,-I&2U6NEJ,!``"Q`P``&0``````````````@`&30```>&PO=V]R:W-H965T
M<R]S:&5E=#$U+GAM;%!+`0(4`Q0````(`&<PVD;\O8AEHP$``+$#```9````
M``````````"``6U"``!X;"]W;W)K<VAE971S+W-H965T,38N>&UL4$L!`A0#
M%`````@`9S#:1ID03F2A`0``L`,``!D``````````````(`!1T0``'AL+W=O
M<FMS:&5E=',O<VAE970Q-RYX;6Q02P$"%`,4````"`!G,-I&BG/2U:(!``"Q
M`P``&0``````````````@`$?1@``>&PO=V]R:W-H965T<R]S:&5E=#$X+GAM
M;%!+`0(4`Q0````(`&<PVD8S/-P3HP$``+$#```9``````````````"``?A'
M``!X;"]W;W)K<VAE971S+W-H965T,3DN>&UL4$L!`A0#%`````@`9S#:1@-@
M@KRD`0``L0,``!D``````````````(`!TDD``'AL+W=O<FMS:&5E=',O<VAE
M970R,"YX;6Q02P$"%`,4````"`!G,-I&!4VS\*`!``"Q`P``&0``````````
M````@`&M2P``>&PO=V]R:W-H965T<R]S:&5E=#(Q+GAM;%!+`0(4`Q0````(
M`&<PVD;FZ>J:I0$``+$#```9``````````````"``81-``!X;"]W;W)K<VAE
M971S+W-H965T,C(N>&UL4$L!`A0#%`````@`9S#:1HRSMW2D`0``L0,``!D`
M`````````````(`!8$\``'AL+W=O<FMS:&5E=',O<VAE970R,RYX;6Q02P$"
M%`,4````"`!G,-I&9V`W2X0"```C"@``&0``````````````@`$[40``>&PO
M=V]R:W-H965T<R]S:&5E=#(T+GAM;%!+`0(4`Q0````(`&<PVD:O8+5-H0$`
M`+$#```9``````````````"``?93``!X;"]W;W)K<VAE971S+W-H965T,C4N
M>&UL4$L!`A0#%`````@`9S#:1D4-3#.E`0``L0,``!D``````````````(`!
MSE4``'AL+W=O<FMS:&5E=',O<VAE970R-BYX;6Q02P$"%`,4````"`!G,-I&
M>X94SZ4!``"Q`P``&0``````````````@`&J5P``>&PO=V]R:W-H965T<R]S
M:&5E=#(W+GAM;%!+`0(4`Q0````(`&<PVD:[YTBRR0$``.`$```9````````
M``````"``899``!X;"]W;W)K<VAE971S+W-H965T,C@N>&UL4$L!`A0#%```
M``@`9S#:1H^N/,>L`0``%@0``!D``````````````(`!AEL``'AL+W=O<FMS
M:&5E=',O<VAE970R.2YX;6Q02P$"%`,4````"`!G,-I&K`IEVK$!```6!```
M&0``````````````@`%I70``>&PO=V]R:W-H965T<R]S:&5E=#,P+GAM;%!+
M`0(4`Q0````(`&<PVD;@*&:JR0$``.`$```9``````````````"``5%?``!X
M;"]W;W)K<VAE971S+W-H965T,S$N>&UL4$L!`A0#%`````@`9S#:1O1Y@EVA
M`0``L0,``!D``````````````(`!46$``'AL+W=O<FMS:&5E=',O<VAE970S
M,BYX;6Q02P$"%`,4````"`!G,-I&%9>(F-<!``!%!0``&0``````````````
M@`$I8P``>&PO=V]R:W-H965T<R]S:&5E=#,S+GAM;%!+`0(4`Q0````(`&<P
MVD9O$\+?I`$``+$#```9``````````````"``3=E``!X;"]W;W)K<VAE971S
M+W-H965T,S0N>&UL4$L!`A0#%`````@`9S#:1B%3RY/E`0``1@4``!D`````
M`````````(`!$F<``'AL+W=O<FMS:&5E=',O<VAE970S-2YX;6Q02P$"%`,4
M````"`!G,-I&U`*&PN(!``#R!```&0``````````````@`$N:0``>&PO=V]R
M:W-H965T<R]S:&5E=#,V+GAM;%!+`0(4`Q0````(`&<PVD:BT`'6@`(``$4(
M```9``````````````"``4=K``!X;"]W;W)K<VAE971S+W-H965T,S<N>&UL
M4$L!`A0#%`````@`9S#:1M3P+;%V`@``5`@``!D``````````````(`!_FT`
M`'AL+W=O<FMS:&5E=',O<VAE970S."YX;6Q02P$"%`,4````"`!G,-I&_L57
M<[X!``!O!```&0``````````````@`&K<```>&PO=V]R:W-H965T<R]S:&5E
M=#,Y+GAM;%!+`0(4`Q0````(`&<PVD8)NE`1)0(``(H&```9````````````
M``"``:!R``!X;"]W;W)K<VAE971S+W-H965T-#`N>&UL4$L!`A0#%`````@`
M9S#:1H2'DEAX`@``'`@``!D``````````````(`!_'0``'AL+W=O<FMS:&5E
M=',O<VAE970T,2YX;6Q02P$"%`,4````"`!G,-I&G-4`<1P"``"A!@``&0``
M````````````@`&K=P``>&PO=V]R:W-H965T<R]S:&5E=#0R+GAM;%!+`0(4
M`Q0````(`&<PVD;$%X57R0$``/@$```9``````````````"``?YY``!X;"]W
M;W)K<VAE971S+W-H965T-#,N>&UL4$L!`A0#%`````@`9S#:1EY[?I3X`0``
M/@4``!D``````````````(`!_GL``'AL+W=O<FMS:&5E=',O<VAE970T-"YX
M;6Q02P$"%`,4````"`!G,-I&X*RKPP8"```-!@``&0``````````````@`$M
M?@``>&PO=V]R:W-H965T<R]S:&5E=#0U+GAM;%!+`0(4`Q0````(`&<PVD8X
M7-9[<@(``-T'```9``````````````"``6J```!X;"]W;W)K<VAE971S+W-H
M965T-#8N>&UL4$L!`A0#%`````@`9S#:1D1@NC=?`@``H`<``!D`````````
M`````(`!$X,``'AL+W=O<FMS:&5E=',O<VAE970T-RYX;6Q02P$"%`,4````
M"`!G,-I&'94;W9\!``"Q`P``&0``````````````@`&IA0``>&PO=V]R:W-H
M965T<R]S:&5E=#0X+GAM;%!+`0(4`Q0````(`&<PVD8WXL3]90,```D/```9
M``````````````"``7^'``!X;"]W;W)K<VAE971S+W-H965T-#DN>&UL4$L!
M`A0#%`````@`9S#:1AG6<"_Z`0``-P4``!D``````````````(`!&XL``'AL
M+W=O<FMS:&5E=',O<VAE970U,"YX;6Q02P$"%`,4````"`!G,-I&[BZZ8PT"
M```?!@``&0``````````````@`%,C0``>&PO=V]R:W-H965T<R]S:&5E=#4Q
M+GAM;%!+`0(4`Q0````(`&<PVD8L+`'T_`(``!H,```9``````````````"`
M`9"/``!X;"]W;W)K<VAE971S+W-H965T-3(N>&UL4$L!`A0#%`````@`9S#:
M1J110Y$2`@``V`4``!D``````````````(`!PY(``'AL+W=O<FMS:&5E=',O
M<VAE970U,RYX;6Q02P$"%`,4````"`!G,-I&GR?(^?T"``!M#```&0``````
M````````@`$,E0``>&PO=V]R:W-H965T<R]S:&5E=#4T+GAM;%!+`0(4`Q0`
M```(`&<PVD8!?J2';`(```,(```9``````````````"``4"8``!X;"]W;W)K
M<VAE971S+W-H965T-34N>&UL4$L!`A0#%`````@`9S#:1K]"!%;C`0``P@0`
M`!D``````````````(`!XYH``'AL+W=O<FMS:&5E=',O<VAE970U-BYX;6Q0
M2P$"%`,4````"`!G,-I&0L`5WYH!``"A`P``&0``````````````@`']G```
M>&PO=V]R:W-H965T<R]S:&5E=#4W+GAM;%!+`0(4`Q0````(`&<PVD8]+WLF
M#P,``"$-```9``````````````"``<Z>``!X;"]W;W)K<VAE971S+W-H965T
M-3@N>&UL4$L!`A0#%`````@`9S#:1DW<3>@Z`@``+@<``!D`````````````
M`(`!%*(``'AL+W=O<FMS:&5E=',O<VAE970U.2YX;6Q02P$"%`,4````"`!G
M,-I&2S-L5U<"``!U!P``&0``````````````@`&%I```>&PO=V]R:W-H965T
M<R]S:&5E=#8P+GAM;%!+`0(4`Q0````(`&<PVD;3'-$\AP(``"()```9````
M``````````"``1.G``!X;"]W;W)K<VAE971S+W-H965T-C$N>&UL4$L!`A0#
M%`````@`9S#:1DTC7PX<`P``XPP``!D``````````````(`!T:D``'AL+W=O
M<FMS:&5E=',O<VAE970V,BYX;6Q02P$"%`,4````"`!G,-I&4JQ9DBL"```I
M!@``&0``````````````@`$DK0``>&PO=V]R:W-H965T<R]S:&5E=#8S+GAM
M;%!+`0(4`Q0````(`&<PVD9R63T%KP,``/T/```9``````````````"``8:O
M``!X;"]W;W)K<VAE971S+W-H965T-C0N>&UL4$L!`A0#%`````@`9S#:1BU%
MMWRX`0``?P0``!D``````````````(`!;+,``'AL+W=O<FMS:&5E=',O<VAE
M970V-2YX;6Q02P$"%`,4````"`!G,-I&U$$VW"M$``#R(`$`%```````````
M````@`%;M0``>&PO<VAA<F5D4W1R:6YG<RYX;6Q02P4&`````$H`2@`X%```
&N/D`````
`
end

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>29
<FILENAME>R55.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393929159648">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13. Stock Options (Details Narrative) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllocatedShareBasedCompensationExpense', window );">Compensation expense</a></td>
<td class="nump">$ 153,386<span></span>
</td>
<td class="nump">$ 152,448<span></span>
</td>
<td class="nump">$ 138,303<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions', window );">Total cost related to non-vested awards</a></td>
<td class="nump">$ 195,606<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1', window );">Non-vested awards, weighted average period of recognition</a></td>
<td class="text">2 years 7 months 6 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Exercised options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,400<span></span>
</td>
<td class="nump">3,750<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice', window );">Option exercise price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6.29<span></span>
</td>
<td class="nump">$ 4.35<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromStockOptionsExercised', window );">Proceeds from options exercised</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 8,806<span></span>
</td>
<td class="nump">$ 16,313<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit', window );">Options outstanding, exercise price, high</a></td>
<td class="nump">$ 6.80<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit', window );">Options outstanding, exercise price, low</a></td>
<td class="nump">$ 5.98<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllocatedShareBasedCompensationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 14.F)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27013229&amp;loc=d3e301413-122809<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (h)(1)(i)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 14<br><br><br><br> -Section F<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AllocatedShareBasedCompensationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (i)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Unrecognized cost of unvested options awarded to employees as compensation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (j)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 14<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3255-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Financing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which option holders acquired shares when converting their stock options into shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The floor of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (g)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The ceiling of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (g)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of share options (or share units) exercised during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (c)(1)(iv)(2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28,29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>30
<FILENAME>R46.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393929226208">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>10. Oil and Gas Costs - Costs related to our oil and gas activities (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract', window );"><strong>Property acquisition costs:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves', window );">Proved</a></td>
<td class="nump">$ 3,108,040<span></span>
</td>
<td class="nump">$ 785,144<span></span>
</td>
<td class="nump">$ 20,542<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties', window );">Unproved</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsIncurredExplorationCosts', window );">Exploration</a></td>
<td class="nump">$ 15,472<span></span>
</td>
<td class="nump">$ 9,641<span></span>
</td>
<td class="nump">$ 15,715<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsIncurredDevelopmentCosts', window );">Development</a></td>
<td class="nump">1,746,582<span></span>
</td>
<td class="nump">1,152,986<span></span>
</td>
<td class="nump">1,265,126<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsIncurredAssetRetirementObligationIncurred', window );">Capitalized asset retirement obligations</a></td>
<td class="nump">274,148<span></span>
</td>
<td class="nump">134,113<span></span>
</td>
<td class="nump">114,003<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties', window );">Total costs incurred for oil and gas properties</a></td>
<td class="nump">$ 5,144,242<span></span>
</td>
<td class="nump">$ 2,081,884<span></span>
</td>
<td class="nump">$ 1,415,386<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cost incurred, including capitalized costs and costs charged to expense, in acquisition of oil and gas properties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 18<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62014-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Costs incurred, including capitalized costs and costs charged to expense, associated with the acquisition of oil and gas properties that have proved reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 18<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62014-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 19<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62038-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Costs incurred, including capitalized costs and costs charged to expense, associated with the acquisition of oil and gas properties that have unproved reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 19<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62038-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 18<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62014-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsIncurredAssetRetirementObligationIncurred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset retirement obligations (ARO) costs incurred (whether capitalized or charged to expense) during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsIncurredAssetRetirementObligationIncurred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsIncurredDevelopmentCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Development costs incurred, including capitalized costs and costs charged to expense, in oil and gas activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 18<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62014-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsIncurredDevelopmentCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsIncurredExplorationCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Exploration costs incurred, including capitalized costs and costs charged to expense, in oil and gas activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Exploration<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6512329<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 18<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62014-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsIncurredExplorationCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>31
<FILENAME>R33.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393911108384">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>16. Oil and Gas Reserve Data (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExtractiveIndustriesAbstract', window );"><strong>Extractive Industries [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_ChangesInProvedReservesTableTextBlock', window );">Changes in Proved Reserves:</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;<b>Changes
in Proved Reserves</b>:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom"><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">Oil
    <br />&#160;(Bbls)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">Natural
    Gas <br />&#160; (Mcf)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Proved Developed and
    Undeveloped Reserves:</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="width: 56%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">As of April
    1, 2012</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">346,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">8,445,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Revision
    of previous estimates</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(10,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(589,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Purchase
    of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">48,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">71,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Extensions
    and discoveries</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">318,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Sales
    of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Production</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(23,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(401,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2013</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">366,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7,844,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Revision
    of previous estimates</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">12,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(1,404,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Purchase
    of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">50,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">18,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Extensions
    and discoveries</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">101,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">163,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Sales
    of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Production</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(27,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(362,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">502,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6,259,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Revision
    of previous estimates</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(90,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(665,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Purchase
    of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">43,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">795,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Extensions
    and discoveries</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">235,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">269,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Sales
    of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Production</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(30,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(369,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2015</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">660,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6,289,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock', window );">Summary of Proved Developed and Undeveloped Reserves</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Summary
of Proved Developed and Undeveloped Reserves as of March 31, 2015, 2014 and 2013</b>:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">Oil
    <br />&#160;(Bbls)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">Natural
    Gas <br />&#160; (Mcf)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Proved Developed Reserves:</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 56%; font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of April 1, 2012</font></td><td style="width: 8%; font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 12%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">194,620</font></td><td style="width: 1%; padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 8%; font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 12%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5,359,670</font></td><td style="width: 1%; padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2013</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">237,420</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,807,020</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2014</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">294,620</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,081,470</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2015</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">283,670</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,584,790</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Proved Undeveloped Reserves:</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of April 1, 2012</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">151,730</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,085,060</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2013</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">128,290</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,037,180</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2014</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">206,930</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,177,810</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2015</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">376,070</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,703,790</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_ProgressOfConvertingProvedUndevelopedReservesTableTextBlock', window );">Progress of Converting Proved Undeveloped Reserves:</a></td>
<td class="text"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"><tr style="vertical-align: bottom; background-color: White"><td style="font-family: Times New Roman, Times, Serif; text-align: justify"></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-family: Times New Roman, Times, Serif; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">Oil
                                         &#38; Natural Gas (Mcfe)</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">Future
                                         Develepment Costs</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="width: 56%; font-family: Times New Roman, Times, Serif; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">PUDs,
    beginning of year</font></td><td style="width: 8%; font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 12%; font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,419,362</font></td><td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 8%; font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 12%; font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,620,320</font></td><td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-family: Times New Roman, Times, Serif; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Revision
    of previous estimates</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(943,113</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(441,475</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-family: Times New Roman, Times, Serif; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Conversions
    to PD reserves</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(214,890</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(643,429</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-family: Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Additional
    PUDs added</font></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,698,873</font></td><td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,081,986</font></td><td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-family: Times New Roman, Times, Serif; text-align: justify; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">PUDs,
    end of year</font></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,960,232</font></td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6,617,402</font></td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock', window );">Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves:</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Standardized
Measure of Discounted Future Net Cash Flows Relating to Proved Reserves:</font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="11" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">March
    31</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Future
    cash inflows</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">72,238,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">70,252,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">52,900,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Future production
    costs and taxes</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(19,569,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(20,647,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(14,893,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Future development
    costs</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(6,617,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(4,826,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(4,850,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Future
    income taxes</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(9,254,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(9,801,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(6,374,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Future net cash flows</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">36,798,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">34,978,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">26,783,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Annual
    10% discount for estimated timing of cash flows</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(17,860,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(15,649,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(12,414,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Standardized
    measure of discounted future net cash flows</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">18,938,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">19,329,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">14,369,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock', window );">Changes in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves:</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Changes
in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves:</font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="11" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">March
    31</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Sales
    of oil and gas produced, net of production costs</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(2,036,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(2,762,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(1,982,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Net changes in price
    and production costs</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(4,066,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,464,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(5,881,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Changes in previously
    estimated development costs</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,627,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">270,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,150,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Revisions of quantity
    estimates</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(3,718,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(657,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(811,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Net change due to
    purchases and sales of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,777,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,332,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,471,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Extensions and discoveries,
    less related costs</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,607,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,802,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">321,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Net change in income
    taxes</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">654,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(1,997,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,178,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Accretion of discount</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,474,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,779,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,495,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Changes
    in timing of estimated cash flows and other</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(3,710,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">729,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(3,928,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Changes in standardized
    measure</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(391,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,960,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(4,987,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Standardized
    measure, beginning of year</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">19,329,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">14,369,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">19,356,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Standardized
    measure, end of year</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">18,938,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">19,329,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">14,369,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_ChangesInProvedReservesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_ChangesInProvedReservesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_ProgressOfConvertingProvedUndevelopedReservesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_ProgressOfConvertingProvedUndevelopedReservesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_SummaryOfProvedDevelopedAndUndevelopedReservesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExtractiveIndustriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ExtractiveIndustriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>32
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>33
<FILENAME>R57.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393928773984">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>15. Lease Commitments (Details)<br></strong></div></th>
<th class="th">
<div>Mar. 31, 2015 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_LeaseCommitmentsDetailsAbstract', window );"><strong>Lease Commitments Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCommitmentDueInNextTwelveMonths', window );">Fiscal Year 2016</a></td>
<td class="nump">$ 23,440<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCommitmentDueInSecondYear', window );">Fiscal Year 2017</a></td>
<td class="nump">$ 4,420<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_LeaseCommitmentsDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_LeaseCommitmentsDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitmentDueInNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Minimum amount of other commitment maturing in the next fiscal year following the latest fiscal year for commitments not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in this taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCommitmentDueInNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitmentDueInSecondYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Minimum amount of other commitment maturing in the second fiscal year following the latest fiscal year for commitments not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in this taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCommitmentDueInSecondYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>34
<FILENAME>R25.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393921963280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>3. Business Combinations (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationsAbstract', window );"><strong>Business Combinations [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock', window );">Purchase price was allocated to the assets acquired and liabilities assumed at estimated fair values</a></td>
<td class="text"><p style="margin: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 70%; font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Proved
    oil and gas properties</font></td><td style="width: 10%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 18%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,202,013</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Accounts
    receivable</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">74,623</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    assets acquired</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,276,636</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Accounts payable</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(45,876</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Asset
    retirement obligations assumed</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(80,760</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Net
    purchase price</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,150,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56956791&amp;loc=d3e4845-128472<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>35
<FILENAME>R50.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393929065632">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12. Stockholders' Equity (Details Narrative) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityAbstract', window );"><strong>Equity [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodShares', window );">Shares repurchased for treasury</a></td>
<td class="nump">1,000<span></span>
</td>
<td class="nump">2,833<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodValue', window );">Cost of stock repurchased</a></td>
<td class="nump">$ 5,009<span></span>
</td>
<td class="nump">$ 15,547<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchaseProgramAuthorizedAmount1', window );">Stock repurchase amount authorized</a></td>
<td class="nump">$ 250,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchaseProgramAuthorizedAmount1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stock repurchase plan authorized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchaseProgramAuthorizedAmount1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedDuringPeriodShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchasedDuringPeriodShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedDuringPeriodValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30, 31<br><br><br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchasedDuringPeriodValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>36
<FILENAME>R42.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393924530592">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>7. Income Taxes - Reconciliation of the beginning and ending balances of unrecognized tax benefits (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefits', window );">Unrecognized tax benefits at beginning of period</a></td>
<td class="nump">$ 679,000<span></span>
</td>
<td class="nump">$ 677,000<span></span>
</td>
<td class="nump">$ 677,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions', window );">Additions based on tax positions related to the current year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions', window );">Changes to tax positions of prior years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities', window );">Settlements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations', window );">Expirations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecognizedTaxBenefits', window );">Unrecognized tax benefits at end of period</a></td>
<td class="nump">$ 679,000<span></span>
</td>
<td class="nump">$ 679,000<span></span>
</td>
<td class="nump">$ 677,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15A<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=SL6600010-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Unrecognized Tax Benefit<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6527854<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in unrecognized tax benefits resulting from tax positions that have been or will be taken in current period tax return.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15A<br><br><br><br> -Subparagraph (a)(2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=SL6600010-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in unrecognized tax benefits resulting from tax positions taken in prior period tax returns.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15A<br><br><br><br> -Subparagraph (a)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=SL6600010-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in unrecognized tax benefits resulting from settlements with taxing authorities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15A<br><br><br><br> -Subparagraph (a)(3)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=SL6600010-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of decrease in unrecognized tax benefits resulting from lapses of applicable statutes of limitations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15A<br><br><br><br> -Subparagraph (a)(4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=SL6600010-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>37
<FILENAME>R37.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393924531584">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>6. Rollforward of Asset Retirement Obligations (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_RollforwardOfAssetRetirementObligationsDetailsAbstract', window );"><strong>Rollforward Of Asset Retirement Obligations Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationCurrent', window );">Carrying amount of asset retirement obligations as of April 1</a></td>
<td class="nump">$ 961,577<span></span>
</td>
<td class="nump">$ 813,412<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationLiabilitiesIncurred', window );">Liabilities incurred</a></td>
<td class="nump">274,148<span></span>
</td>
<td class="nump">134,113<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationLiabilitiesSettled', window );">Liabilities settled</a></td>
<td class="num">(23,441)<span></span>
</td>
<td class="num">(30,314)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationAccretionExpense', window );">Accretion expense</a></td>
<td class="nump">27,932<span></span>
</td>
<td class="nump">44,366<span></span>
</td>
<td class="nump">$ 39,376<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationCurrent', window );">Carrying amount of asset retirement obligations as of March 31</a></td>
<td class="nump">1,240,216<span></span>
</td>
<td class="nump">961,577<span></span>
</td>
<td class="nump">$ 813,412<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationCashPaidToSettle', window );">Less: Current portion</a></td>
<td class="nump">10,000<span></span>
</td>
<td class="nump">35,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationPeriodIncreaseDecrease', window );">Non-Current asset retirement obligation</a></td>
<td class="nump">$ 1,230,216<span></span>
</td>
<td class="nump">$ 926,577<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_RollforwardOfAssetRetirementObligationsDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_RollforwardOfAssetRetirementObligationsDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationAccretionExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)(3)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392676&amp;loc=d3e7480-110848<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationAccretionExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationCashPaidToSettle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash paid during the period to settle an asset retirement obligation. Amounts paid to settle an asset retirement obligation are generally included in the operating section of the Statement of Cash Flows.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 17<br><br><br><br> -Subparagraph (e)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3367-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationCashPaidToSettle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Current portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationLiabilitiesIncurred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset retirement obligations incurred during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationLiabilitiesIncurred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationLiabilitiesSettled">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset retirement obligations settled, or otherwise disposed of, during the period. This may include asset retirement obligations transferred to third parties associated with the sale of a long-lived asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)(2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationLiabilitiesSettled</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net Increase or Decrease in the asset retirement obligation during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>38
<FILENAME>R52.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393923127872">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13. Stock Options - Summary of activity of stock options (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Shares outstanding, beginning</a></td>
<td class="nump">113,600<span></span>
</td>
<td class="nump">80,000<span></span>
</td>
<td class="nump">83,750<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Number of shares granted</a></td>
<td class="nump">40,000<span></span>
</td>
<td class="nump">35,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Number of shares exercised</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,400)<span></span>
</td>
<td class="num">(3,750)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod', window );">Shares forfeited or expired</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Shares outstanding, end</a></td>
<td class="nump">153,600<span></span>
</td>
<td class="nump">113,600<span></span>
</td>
<td class="nump">80,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber', window );">Options Vested</a></td>
<td class="nump">77,350<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber', window );">Options Exercisable</a></td>
<td class="nump">77,350<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Options Outstanding, Weighted Average Exercise Price Per Share, beginning</a></td>
<td class="nump">$ 6.35<span></span>
</td>
<td class="nump">$ 6.52<span></span>
</td>
<td class="nump">$ 6.42<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Options Outstanding, Weighted Average Exercise Price Per Share, end</a></td>
<td class="nump">$ 6.52<span></span>
</td>
<td class="nump">$ 6.35<span></span>
</td>
<td class="nump">$ 6.52<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2', window );">Options Outstanding, Weighted Aggregate Average Remaining Contract Life in Years</a></td>
<td class="text">7 years 4 months 10 days<span></span>
</td>
<td class="text">7 years 7 months 28 days<span></span>
</td>
<td class="text">8 years 11 days<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue', window );">Options Outstanding, Intrinsic Value, beginning</a></td>
<td class="nump">$ 154,062<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 127,363<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue', window );">Options Outstanding, Intrinsic Value, end</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 154,062<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice', window );">Options Granted, Weighted Average Exercise Price Per Share</a></td>
<td class="nump">$ 7.00<span></span>
</td>
<td class="nump">$ 5.98<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice', window );">Options Exercised, Weighted Average Exercise Price Per Share</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6.29<span></span>
</td>
<td class="nump">$ 4.35<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice', window );">Options Forfeited or Expired, Weighted Average Exercise Price Per Share</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (c)(1)(iv)(3)-(4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price of options that were either forfeited or expired.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (c)(1)(iv)(3)-(4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross number of share options (or share units) granted during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of options outstanding, including both vested and non-vested options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (c)(1)(i)-(ii)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (c)(1)(i)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of exercisable share options (fully vested and expected to vest) that may be converted as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (e)(2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (e)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which option holders acquired shares when converting their stock options into shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (e)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of share options (or share units) exercised during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (c)(1)(iv)(2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28,29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>39
<FILENAME>R61.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393922952800">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>16. Oil and Gas Reserve Data - Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves: (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
<th class="th"><div>Mar. 31, 2012</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExtractiveIndustriesAbstract', window );"><strong>Extractive Industries [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows', window );">Future cash inflows</a></td>
<td class="nump">$ 72,238,000<span></span>
</td>
<td class="nump">$ 70,252,000<span></span>
</td>
<td class="nump">$ 52,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts', window );">Future production costs and taxes</a></td>
<td class="num">(19,569,000)<span></span>
</td>
<td class="num">(20,647,000)<span></span>
</td>
<td class="num">(14,893,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts', window );">Future development costs</a></td>
<td class="num">(6,617,000)<span></span>
</td>
<td class="num">(4,826,000)<span></span>
</td>
<td class="num">(4,850,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense', window );">Future income taxes</a></td>
<td class="num">(9,254,000)<span></span>
</td>
<td class="num">(9,801,000)<span></span>
</td>
<td class="num">(6,374,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows', window );">Future net cash flows</a></td>
<td class="nump">36,798,000<span></span>
</td>
<td class="nump">34,978,000<span></span>
</td>
<td class="nump">26,783,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows', window );">Annual 10% discount for estimated timing of cash flows</a></td>
<td class="num">(17,860,000)<span></span>
</td>
<td class="num">(15,649,000)<span></span>
</td>
<td class="num">(12,414,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves', window );">Standardized measure of discounted future net cash flows</a></td>
<td class="nump">$ 18,938,000<span></span>
</td>
<td class="nump">$ 19,329,000<span></span>
</td>
<td class="nump">$ 14,369,000<span></span>
</td>
<td class="nump">$ 19,356,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExtractiveIndustriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ExtractiveIndustriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of estimated future accumulated cash inflow from the sale of proved oil and gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 30<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62424-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 33<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62479-109447<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 31<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62455-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of estimated future accumulated cash outflow for costs to be incurred in developing proved oil and gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 30<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62424-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 31<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62455-109447<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 33<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62479-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of estimated future accumulated cash outflow for income tax, based on the future income less future expense derived from production and sale of proved oil and gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 33<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62479-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 30<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62424-109447<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 31<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62455-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after future accumulated cash outflow for development and production costs and future income tax, of estimated future accumulated cash inflow from the sale of proved oil and gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 33<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62479-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 30<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62424-109447<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 31<br><br><br><br> -Subparagraph (d)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62455-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of estimated future accumulated cash outflow for costs to be incurred in producing proved oil and gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 33<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62479-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 30<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62424-109447<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 31<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62455-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of discount on future accumulated cash inflow, after deducting future accumulated cash outflow for development and production costs and future income tax, from sale of proved oil and gas reserves, using a discount rate of ten percent a year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 31<br><br><br><br> -Subparagraph (e)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62455-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 33<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62479-109447<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 30<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62424-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of discounted future accumulated cash inflow relating to proved oil and gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 30<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62424-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 7<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34713648&amp;loc=d3e63123-109448<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 33<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62479-109447<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 35<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62500-109447<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 31<br><br><br><br> -Subparagraph (f)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62455-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>40
<FILENAME>R47.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393922828192">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>10. Oil and Gas Costs - Aggregate capitalized costs relating to our oil and gas property activities (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExtractiveIndustriesAbstract', window );"><strong>Extractive Industries [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CapitalizedCostsProvedProperties', window );">Proved oil and gas properties</a></td>
<td class="nump">$ 40,489,453<span></span>
</td>
<td class="nump">$ 35,386,751<span></span>
</td>
<td class="nump">$ 34,138,841<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_UnprovedOilAndGasProperties', window );"><strong>Unproved oil and gas properties:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AcquisitionCostsCumulative', window );">subject to amortization</a></td>
<td class="nump">$ 73,990<span></span>
</td>
<td class="nump">$ 73,990<span></span>
</td>
<td class="nump">$ 170,487<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative', window );">not subject to amortization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross', window );">total</a></td>
<td class="nump">$ 40,563,443<span></span>
</td>
<td class="nump">$ 35,460,741<span></span>
</td>
<td class="nump">$ 34,309,328<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities', window );">Less accumulated DD&amp;A</a></td>
<td class="nump">19,752,994<span></span>
</td>
<td class="nump">18,395,619<span></span>
</td>
<td class="nump">17,249,803<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet', window );">Total</a></td>
<td class="nump">$ 20,810,449<span></span>
</td>
<td class="nump">$ 17,065,122<span></span>
</td>
<td class="nump">$ 17,059,525<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_UnprovedOilAndGasProperties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_UnprovedOilAndGasProperties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AcquisitionCostsCumulative">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The capitalized costs incurred (excluded from amortization), as of the date of the balance sheet, to purchase, lease or otherwise acquire an unproved property, including costs of lease bonuses and options to purchase or lease properties, the portion of costs applicable to minerals when land including mineral rights is purchased in fee, brokers' fees, recording fees, legal costs, and other costs incurred in acquiring properties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-10.(c)(7)(ii))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=50486907&amp;loc=d3e511914-122862<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AcquisitionCostsCumulative</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation, depletion, amortization and valuation allowance relating to oil and gas producing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61901-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The sum of the capitalized costs incurred, as of the balance sheet date, of unproved properties excluded from amortization including acquisition costs, exploration costs, development costs, and production costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-10.(c)(7)(ii))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=50486907&amp;loc=d3e511914-122862<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The sum of capitalized costs relating to oil and gas producing activities before accounting for accumulated depreciation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61901-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CapitalizedCostsOilAndGasProducingActivitiesGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net amount of capitalized costs relating to oil and gas producing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61901-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CapitalizedCostsProvedProperties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Capitalized costs of proved properties incurred for any combination mineral interests acquisitions; wells and related equipment; support equipment and facilities; and uncompleted wells and equipment and other costs not previously disclosed within this table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Properties<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=21914647<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 360<br><br><br><br> -Glossary Proved Properties<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6522428<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61901-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CapitalizedCostsProvedProperties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExtractiveIndustriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ExtractiveIndustriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>41
<FILENAME>R9.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393928772896">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>3. Business Combinations<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationsAbstract', window );"><strong>Business Combinations [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationDisclosureTextBlock', window );">Business Combinations</a></td>
<td class="text"><p style="margin: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>3.
Business Combinations</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">On
December 31, 2012, the Company purchased all of the outstanding ownership interests of TBO Oil &#38; Gas, LLC (&#147;TBO&#148;),
a Texas limited liability company which owns non-operated working interests in approximately 280 wells producing primarily oil,
expanding the Company&#146;s revenues. The cash purchase price of $1,150,000 was funded from its $4.9 million bank credit facility.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
purchase price was allocated to the assets acquired and liabilities assumed at estimated fair values as follows:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 70%; font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Proved
    oil and gas properties</font></td><td style="width: 10%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 18%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,202,013</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Accounts
    receivable</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">74,623</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    assets acquired</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,276,636</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Accounts payable</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(45,876</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Asset
    retirement obligations assumed</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(80,760</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Net
    purchase price</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,150,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
Company&#146;s results of operations for fiscal year 2015 include approximately $366,000 in revenues and approximately $120,000
in earnings from TBO. The Company&#146;s results of operations for fiscal year 2014 include approximately $705,000 in revenues
and approximately $448,000 in earnings from TBO. The Company&#146;s results of operations for fiscal year 2013 include approximately
$119,800 in revenues and approximately $62,400 in earnings from TBO.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
Company has not disclosed the pro forma information for this acquisition because the revenue and expenses for this acquisition
were immaterial to its consolidated financial statements.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>



<p style="margin: 0pt"></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56956515&amp;loc=d3e1497-128463<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56956515&amp;loc=d3e1490-128463<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56956515&amp;loc=d3e1392-128463<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35744584&amp;loc=d3e7008-128479<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56956515&amp;loc=d3e1486-128463<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35744584&amp;loc=d3e6927-128479<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56956791&amp;loc=d3e4845-128472<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56956515&amp;loc=d3e1500-128463<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 7<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56956515&amp;loc=d3e1524-128463<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35744584&amp;loc=d3e7000-128479<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56956791&amp;loc=d3e4922-128472<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56956791&amp;loc=d3e4934-128472<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56956791&amp;loc=d3e4926-128472<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56956515&amp;loc=d3e1383-128463<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 805<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35744584&amp;loc=d3e6996-128479<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>42
<FILENAME>R62.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393922150576">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>16. Oil and Gas Reserve Data - Changes in Standardized Measurement (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExtractiveIndustriesAbstract', window );"><strong>Extractive Industries [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts', window );">Sales of oil and gas produced, net of production costs</a></td>
<td class="num">$ (2,036,000)<span></span>
</td>
<td class="num">$ (2,762,000)<span></span>
</td>
<td class="num">$ (1,982,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts', window );">Net changes in price and production costs</a></td>
<td class="num">(4,066,000)<span></span>
</td>
<td class="nump">2,464,000<span></span>
</td>
<td class="num">(5,881,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts', window );">Changes in previously estimated development costs</a></td>
<td class="nump">2,627,000<span></span>
</td>
<td class="nump">270,000<span></span>
</td>
<td class="nump">1,150,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevisionsOfPreviousQuantityEstimates', window );">Revisions of quantity estimates</a></td>
<td class="num">(3,718,000)<span></span>
</td>
<td class="num">(657,000)<span></span>
</td>
<td class="num">(811,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDueToPurchasesOfMineralsInPlace', window );">Net change due to purchases and sales of minerals in place</a></td>
<td class="nump">2,777,000<span></span>
</td>
<td class="nump">1,332,000<span></span>
</td>
<td class="nump">1,471,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts', window );">Extensions and discoveries, less related costs</a></td>
<td class="nump">4,607,000<span></span>
</td>
<td class="nump">3,802,000<span></span>
</td>
<td class="nump">321,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves', window );">Net change in income taxes</a></td>
<td class="nump">654,000<span></span>
</td>
<td class="num">(1,997,000)<span></span>
</td>
<td class="nump">2,178,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccretionOfDiscount', window );">Accretion of discount</a></td>
<td class="nump">2,474,000<span></span>
</td>
<td class="nump">1,779,000<span></span>
</td>
<td class="nump">2,495,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther', window );">Changes in timing of estimated cash flows and other</a></td>
<td class="num">(3,710,000)<span></span>
</td>
<td class="nump">729,000<span></span>
</td>
<td class="num">(3,928,000)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease', window );">Changes in standardized measure</a></td>
<td class="num">(391,000)<span></span>
</td>
<td class="nump">4,960,000<span></span>
</td>
<td class="num">(4,987,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves', window );">Standardized measure, beginning of year</a></td>
<td class="nump">19,329,000<span></span>
</td>
<td class="nump">14,369,000<span></span>
</td>
<td class="nump">19,356,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves', window );">Standardized measure, end of year</a></td>
<td class="nump">$ 18,938,000<span></span>
</td>
<td class="nump">$ 19,329,000<span></span>
</td>
<td class="nump">$ 14,369,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccretionOfDiscount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in standardized measure of discounted future net cash flow as a result of passage of time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 35<br><br><br><br> -Subparagraph (h)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62500-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccretionOfDiscount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in standardized measure of discounted future net cash flow as a result of extensions, discoveries and improved recovery of proved oil and gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 35<br><br><br><br> -Subparagraph (d)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62500-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExtractiveIndustriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ExtractiveIndustriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in standardized measure of discounted future net cash flow as a result of change in estimated future development costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 31<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62455-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 35<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62500-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in standardized measure of discounted future net cash flow as a result of change in the estimated future income tax on future pretax net cash flows related to the entity's proved oil and gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 35<br><br><br><br> -Subparagraph (j)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62500-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDueToPurchasesOfMineralsInPlace">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in standardized measure of discounted future net cash flow as a result of purchases of minerals in place.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 35<br><br><br><br> -Subparagraph (e)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62500-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDueToPurchasesOfMineralsInPlace</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in standardized measure of discounted future net cash flow as a result of change in sales and transfer prices and in production (lifting) costs related to future production.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 35<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62500-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevisionsOfPreviousQuantityEstimates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in standardized measure of discounted future net cash flow as a result of revisions of estimated quantity of oil and gas in proved reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 35<br><br><br><br> -Subparagraph (f)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62500-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevisionsOfPreviousQuantityEstimates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of (increase) decrease in standardized measure of discounted future net cash flow as a result of sales and transfers of oil and gas produced.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 35<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62500-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in standardized measure of discounted future net cash flow as a result of changes from other sources.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 35<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62500-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in standardized measure of discounted future net cash flow relating to proved oil and gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 35<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62500-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of discounted future accumulated cash inflow relating to proved oil and gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 30<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62424-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 7<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34713648&amp;loc=d3e63123-109448<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 33<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62479-109447<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 35<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62500-109447<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 31<br><br><br><br> -Subparagraph (f)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62455-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>43
<FILENAME>0001398344-15-004031-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001398344-15-004031-xbrl.zip
M4$L#!!0````(`#`PVD;*'L>(:M0``"%X#@`0`!P`;7AC+3(P,34P,S,Q+GAM
M;%54"0`#_"*-5?PBC55U>`L``00E#@``!#D!``#L75MSVSB6?M^J_0]<3VU/
M=Y5DDQ)ULSN9<NPDY=U.[$W<L[U/*8J$)'0H0@.0MM6_?L\!0!+4Q:8NEJE8
MJ4IB"Y?SX>#<`5*__N-A'%IWA`O*HC='SK%]9)'(9P&-AF^.?O]:/_]Z<75U
M9/WC[;__FP5_?OV/>MWZ0$D8G%J7S*]?10-V9GWVQN34^D@BPKV8\3/KGUZ8
MX"?L`PT)MR[8>!*2F$"#HG1JN<>N9]7K):;])XD"QG__<I5-.XKCR>G)R?W]
M_7'$[KQ[QK^+8Y^5F^XK2[A/LKD&$]MVW*[=_?:)//CLFV-___;0Y^'QPP#6
M<>G%T*=A.ZW_;%S:;?BGT;IUVJ>N?6J[)>G%7IR(C)[]8.L_:OBO2(R>XK\6
M;$4D3A\$?7-D+/&^><SX\*0!.$_^^/3;5W]$QEZ=1B+V(I\<I:-"&GU?-,[I
M]7HGLC7M.M=3KE?3:)Y@<]\3^<P(\)'^<TB@-8BS`6;GUHEJ+'2E"[NV55>:
M=@W(3#]!_.,ANSN!!NCON'7;J3>=M#LG@Z60VR?0FG:D@KD-I_/8^E2/=$`2
M\Z6=>R?0FG44]:'G3;+.`T_T94?=@*A;1=30PEE(Q,(QLF7!H(A%43)>C"F(
M^4D\G9`3Z%2'7H13/QOW]*#B`,"`'R]&)UL6H*/1'1'QXJU3;3BH61STZ8^+
M;,08U1(MRW`*.CZ6).PF]$UU#^7U5$BM^$(&EA3UTY$4@/&#7T_['S^(X$BW
M(M@W1X*B53JR3M*9E"KZ+(K)0VS1X,W1N;@>*.'JU9MV2C+K2J*8QM/LT^QS
M&F#+@(+ID\!(@='I\B^N_OOHK30%[;;K='\]F1V<DSM92$]3F\`FL6`!"JF8
M\=M\`1D)W3([?V&F]$/-CR>9!!O?KC>:^\LDO8!G91)L1+.>"^_^,4DOX%F9
MU-QW)C5WP*3&OC.IL0,FM?:=2:W=J=LWB-+'+/H:,__[)S+N$_YB;,LF%F0X
M)L9ZLZ8`P#Q,0NK36&&U`@H]51:C`ZQ3#+T)CG__KP1P8Q;"(OA5G#]0<?0V
M[3:W[E]/%I(PX9TLQK<7EL,]['=E]GL7[K1QV._*[/<NG%YJSV\Y\43"IZ]O
MQQ>L_)78],.>5V//=VG7#WM>C3W?I6T_#P(:`\N\\,:CP55TX4UH[(6O:O<?
MY<$KL?<'.:BN'.S2!QSDH+IRL$N_\(7$'HU(\-[C$8V&XE4)P.+%OQ)/<-CY
M*NW\+FW_8>>KM/,[/-;XIIEPJ.Q5(/O;Q4G-[+X?,O_7N_>'B+^Z$?]+R,,A
M"JA2%/"L$O"!L['*+O#68\SV]EX1,(7'>,?V;;Z<;$NRMKEA)`K203-Q=MJR
M53XW##[OY]6D`I\;Z_"YN0,^NP:?]_/B3H'/[CI\;NV`S\VZ8^?R#/*PWWS6
MRUE5GN6ZGYG/=L>P&WMX@WC6/G?6L1OFQ>/GXK-IG]O[S^>U['/[N?DL'['X
M<>(-O9SJQ1LM@\\_@!]LK</G7?A!U_"#[O[[07<=/^CNP`^ZAA_<SR=I9NW&
MZG[0W8$?=(OYX+[[P;7B9W<'?G!!WGVHP+]4%79O2P@'D:F$R%2V&K)(9`[G
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M+T00?O>CR(E>S?\D'N*F!';_=CHAUP/=4`R'YY;_@V]_^MCJ8=LKL^V[?$/!
M8=LKL^V[?#W!8=LKL^V[>#?!K(__[,4)]\*/GGC-4K","Z_$XQ^$H*)"L$O_
M?Q""B@K!+J.!@Q!45`B>-39XY"C^$!Z^K`CL[SG\07(J)#E[=0A_D)P*24[U
M3N`?\5:'\*5*X<O^^JZ#'%56CO;*DQWDJ+)R5#V_5OZ*D/-C2-%.[P@Y+Y["
M[Z:BNX^ORRA4/`OOO=B<24E$%8=^_WHYQY:Q?`J1O-5?)7P*?=+)TJ8B"9QM
MR?Q*;I>2T$(E.ZU-`_#=+*$3T#O8CWG>XMC/^'W!^`7@\XJZ`@]F,2Z:U2!Z
M22(VIM%39)_FRRS=11.G[04NE&#H#9!Y8LLF\./:&];OATNG3V)^"NUKS_W)
M'SPZ-[1O,O=RONC)5^!*]HH!3XS.HP#_PZOH=UXH;Z''%Q[G4QH-Y7>Q6UJ/
MO^`W1<]\/:^%L\H&5&<K(#X=>Z%X<V0?O75:;;O;^/5D)6);0]@L@Q#,I]U^
M*82-$@C=7K?==5X*8:L$PAYLLKLAP&L:PAB(1_^+T2B^`AQ@?.)W-`QAQ!?B
M$YBG'Q)QD7`.TZTKD.U&U^YU<ZPKDGT&U&48W.RZ;K>U,6IY?=+W60+;D?>Z
MY5Y`-F2KTW5<D("G"6P&I0ROVFZKNQ*4E*DWG$P\&KQ_P+!W4X8TNEW;4(F%
M<Z\-H`P;7+?M=%<$<"X$B3?5L&[3<1H&Y<*D*U,LL]16M]?I."4I9JISPQE$
MK/'T0Q*&%TQ`T@'93?"1,R'677JSY;;MCNLL4-1'J&T+82FIL%OMINLV-T.8
M=L6T+X;1:.4GF)A=QR/(6M;D7L]MMMJFQ#Y&9'-(9=CEV.U.K[$N)C`_R3@)
MO9@$EV3"86*93,//(<$?8(+S,>,Q_4M^OG3R]8VRVVDY'<,,;0O1+E=::I]Z
MW6;7;K:??Z5+.WXFZ^]3Q^[T>HUF"3D#*ILB*L//AMUM-IQ>;SU$ROY^9I&_
MF2?I-)J]6:N>S[H.U5(FLMOKVJN277_K>TZWT9NC5YY*J>UTW([=:SU-1<=+
M-]X4@R74$=_G"0E^HUZ?AK*JO&E<U.JX3:>@IV5);AEM*5EH-)W&UM!BQZO(
M9V-RZSULGLFT;+N`;/'T&^%8PJ,'04\C&KXYBF&J(^MDEL8EX1!NQ_2.;$]P
M7$B#C9UXC,2F<-9<]?;6VK2[/<<(.YY>XO.)?`G:+!K>$CZ^)/UX<Z/?<!L@
MV(9D+YY^?1"E,HH>8E@9A+2J7R"^X/+-#M?]D`YE>+$%9]AKM%N=SHP%?X+6
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MW.M1+W7XUN@UVSWS9&-;U,L<K`'UCEM(OK=%O92!;3;L=L<LQ6Z9\PM>FO^$
MP7?<YC/`6?ZU#ROYGRU+QLIPW!Y8J^?;K$7O'7\,4'W68FU[NRH#J+$VH$;+
M=9_!MI1[4?.C$4VG[=@]Y_DV;P-HL\'6MK=Q`VB0+35;SV"NGWA-Z>-!3+OE
MMI[1:JZ#:3;JV_86KH,)+RDV.L_F:K.7)U3$RY3Y]ODGK&DQ*'PN8.NKXUSF
M\UP0UU++F=SB:6Q&(>(\"K888<\=\3Q%:1O(UCL66A59L89RX_%K+M]K&\BL
MY89P>3&V-.?2>[0&S*O/'X"%A7LL)2AN#^="/NX(Y^RM^W)\7(;-5G^609PE
MMCFT>=;M$-J5$,F&''L"CZ*P&9;2+-H:ENLDQMO[`=C1YV2.068+J+;%ID=0
M&6'#LYDQ^]BTM24H;@GD2C9LFR"W:L#<.2OQ"*4-0946N.V"VH+1:CBVVS!C
M_R5$-L!2FCE;P[(MH]6PF]W'`96S$-LU6H"JLS:J0EZA>F_$(LBQ36E>,/V:
M"$JSH]U9%<&[1$!Z(,0E$3ZG$WV][YTG*)`&/R!(%,N3YUO`]"Z</>Q9_JSP
MT=N?POAL8HEX&I(W1P,8=&KU(2"V'&<2GSC'3LNZI6-8\&=R;WUA8R^JJ0]J
MUE?"Z>#,0BIU+Z3#Z-3Z,Q$Q'4S/K+''AS2JQVQR:MF3./N@S^*8C>5G1S\-
MXS/GV)+/Z9*?_N8TS]C`NI[@TUUXAH[`3B;82;:I?UX4[$_>>'+V-Z=MFS^5
M0[D;@)_(@\^L]Q'APZE$<L'XA"E^6C][U@4+X;>`@7!DG_]B@=I9-!;6/21"
MX=1B]Y"(6B+I"QI0CU,$]X%QP*IGMF9FQ;7\'^/?"[/"@ABXA7LB8HD$!-,3
MUB45$R:\<'8*U3J'ZO;=M75-0TNQN]D]LSYZ@.:WWR[R02$=4W#8\+]*[#!7
M'$^\:/J+];,/"R(^7HL*IS4)(QX1/1MDAF<7JF?Z0?<,R$*`0:*A-X0I:61A
M?WQF5\.J@2K#9$Q=Y46($\Z"Q)?K`.F-U#/GUA!A^CP)B,5H6$-E#.23Q@0'
M221&5\`.N6<@K)]S:)\__B8,7,?6)R9B)(&(9G"WSP22D7AP.JJ?EA%R-3Z1
MO\KE_"]\JOAV9HW8/:R%YWS1LZ(`"+TN-/P3=2\6;T0@@232+(`9/1],UY`H
M1E$>$Q*!V,,JQ;%U'D)0D`Q'UG@>^&*T$@@B9M(&P/Q]Z(G7SH&9A=&J75@"
M%P`\-"`"E/L1]4<@T6HA(+8IA>-**>LB&Y([A=4M_EPE"F#1`?7Q-K.ZU`F[
M></P\7,B]LU/('4D.K]1CY/-!O?QA\:QW/*OR1C(3%$H#299.9>LE$UR9_KI
M'"=(-?OEX)IVOX$WG$8^G81$I/'"!40*L%F!U(4EVW5LW8YDVJA[@F49T,B#
MF<!VB/1;JM!V^"&:;+0UGKX'C4)BNM6"YRIZ3@5ISGNB*00RAJ!)>Z2]E-7W
M0D"BC6O,/?`2TIW`!T(P?*@#YKNG\4C"*BR"9;&2-?+NB-4'^RM!$'2*$?:I
MK,G[D:7T/5`=HX-2'@WV]1RRP/$D#VL7R>A5!'Z,3$!FP``MD4_<_P'$8ACF
M2)GP<ILUR73#&I((_2($<]!.)G$6RTA`OT<R8)*%#BG?YV-8@^_5@"L1N',9
MVU!A<0)1"08.,8.6[^CFD39\\&<2R+>4P/))NE8IOUZ^3B#G08@T&$``)D47
MUL8@1%#1CS?.M,M3#W[@\-"X?>F)-&A`84]_7L@727F>D&40X1`I1(E&2=0C
MHFI[@D0R/!\H>2E?]"'WQ-.G1[6""AO+AH`E$8K#`0'%!LW#*:;$XQ!)R@CQ
M#I75"'FX?B%1'B5)*`;[^Z#"`%E(\[*<QT@<LT<6X<,:-=CN.`'>P/Q)"`/'
MWM0**'"&6SB>4RD3`_#RL%XF2#ZS-)'*=NB/2L2:9@B;+JF6AE]"<25F,AY/
M8,+`>$H-`VG]G%H-]RE[3"V+CRF0I5PR`Y"8W,NCO1J209`RQC3W1X,O+9W"
M$!O-O8/I?`'3B6]4R*PF_F(9[U=XU+VGR0%Z2(KG>18(NS6BPQ&(O$JP0.;Z
MZ'U%S!-E.28)]T?X*BAE3<<HT,K\2`'B!$4KBD<ZW.`66%<E2_`QF2(OOI/8
M&D!2)%#4^^"A$33)01?1C3UP_O!7J'Y@,_I>]!V5@0G(6+*H0XHGJ"\H!\BG
M9)?2S@>?8/A"`FW@8:J$R_07G`(:E-CZY,&BK*93LS!^+Z9.(R]0"N/]R3AZ
M$5@GFAB)!M<U"U\Q!A:;FUZEGL!%&B>H3,45`CNMB,72R$+X`Z$-*!Y\'C*P
M\]*'B<0?Y2M%HH:U0XW6PYFV'SC:U&U(.L$D2Q2<BN\'/7T!/4T?$Y1KR5\^
M<;Q$1=/<"OU$VC<-MP5&O0$Q6H1R47_BFS^RY%W6I;B2EX(WT"K,0?@O<LD`
M,0(N@?_%,H+4<.E;+`)RG7AIO<:SU/ON"/^[,&(++-?0U!O5\G!*^ILDPK(2
MNE/8@K\@Q%ZT.(D!2R5<+T/'ZA`8>$,P*\K\R*C=LSB^*DYZN<$`8B'H@18"
MS0I61F<B!QW'4`2?%VGN"1@[*J2O!;>*J%*'KHM@:75,!D,YIZG,,\"J237%
MOV@WV3WF)-@XQJV!L$]J8<"2?CQ(PDQ[E>KG`[#C7*=T/]+HR-R1)1$&!`IW
ME"5"6@TPXK!'?%K.SLQ;"FUZ5.[_`1`B40S/!,9GR+U9BXDU$,D-O#E7`S+&
M$I$N)EHY9^:Y4BV%?QT6Z9J&6>#P$?;H)HL2EX8-UPN#2AE4ZZU$5PL[C+4X
ME2+`-J-Y`.4<RY>'2".2Y6#'EGQM)!9#A>Z0UBGR3C6=R`N5F23@P"%)$P*F
MKF'6(U49_B]\[(-'%CH/,>K1$GZA)(W5;IHMPU=7W=!,*>9D"YVJ3"A]QP'J
M%A6Y249-DI8W\D*-547,,&D`2:$?0^S!B7QR!7UT.4P20S^)066(TMZTY*(B
M-R%M:#9I7EO/;'!V1@!F\8[P$8%X!C9(0/030KZ5D](U'_T^+IT*`K_5?BS9
M^%"PG`5I[A"H#!6`I0]Z9D@!3#!KS0:0M5AW\F$9G83,#E<0LH=%S:K_^9=K
M\S#B?D2P>BT?C02+_C'W0V"2I)/`Q>O(2N6"/@/S]U<.1T`8AYT">?)"4\>G
M.2"A%+EP,%XO43%ZD$(7Z$,[\4BNL\1HI8HTHZM$3ZPB*L,<Z(Y]HK4#$W`=
M-4`NK"LG*L;&M%W(FE`$,7J<U:*22)<V9DZ(9&Y1L`#0X4\P&2*=7M$NX$/;
M&*:UDK28@%TDA@'`D8JNNJDTP8@GY'ISLXHSJ_J!#,_"U(1EU)2NW%%RC[]`
MA$`\,.G_2CP.4X)E`^.3S0ZAUFQ!`F,`YJ=J*4.@U+XHRYEWI4(5==5-+9Q8
MPGQJ(ZR?9>7+K)BH:E5:-5'!FEDX,<S(Y65V8GINVI,)8^$OQ]95!F\A.'.T
M'(+"A54F,M^,EOA@,5:V&*K602B^S%`?CXLX5_D\CG@JXJAA"J/F`51"RAOH
MHJ[3$@_"6BW52D[SV69'>=&LE,N6@B9XJLQ00TW4XVNIH^DS]CWW>XL]+&)`
M;<-)D"8X3@C4L8PA_>0`Z*C3:._!2HU.P97JC"C"]SYAH6(`4;G.%K7IR`[=
MEU8HU2FVC.@PV<$3Y"'!ZKFO8HKL/!P^@G4ZC;HL`>F:L#4B(5A3B%%D9(C]
M0CJ0`(VK`),P485)P`?["(V2YS!`A@>Z;)0M;8$E5=G*U4"O==9<X(Q+5VK8
M8UTODC9';[C>0K,J-$Y0($8@K_KP2UJS-'15=R`P%I61GGY$`4-4S*=5+1VX
M.\`L4]7!O>R)"Q35]`GG@N5(`TXL/4%^"K;,.BH@5$;MGM.8U`/(_8^/E*+@
M*`TUCR)A&;XA$DHBC)0["PMK5A9^@L5+8,N%\0C`WV5`K&/CK!Z<KOA@YUX@
M,KJ<<X&7!1=HON+NT?IPZDNQ\H0!NU3?)8E`7IG""#H92W6;U<$:JJ:1WBT4
M\YJ11FCC909&.ER)EN88*-V>>I\5*M:R8Q`L2^MB3R'.D7HP>[R".<$=V+PE
M?%EJO:67R`*4/"?&ZXYU-JCG]D^=9DEW55FEJ12L[=1D481T0383(^.E1*6.
M3S"T+1RDY>-E2AXF0R6O??@7Y,GT._+\(/-*6,?(3\#3M#ZK.%@Z8L<CTGF1
MR^[495<<BC!5[BT69-R><1-0U2TE!LBLT_M\VI&;-\54Z4/&\VIU6&>`@&'"
M5($P"X#U%/-U!7V`'.8%@V/K:](7L%Y8K'G]<(FF:YL3K$)"E:K"D/E&'4:Z
MXZ)VBF)X8JIG\8@[7:=(4014I(4PY&#.6G5(*J\JJ.-DX"M@PE`*D8*0ZB0K
M#0M0/L"0*<NM8>J3)!V+&#=;OJ:'^U;A2G!EC4DUS8J^AZ(E0272R@?A7NKK
M'<*\]9'>]"B>FV?7/6#,T.-2(V*\8334URFHB+$`/Z-^A6KF/0;^>#8K3PW3
MJS$!8,!:'A[PZ/)A4<\3H;WP7#J0^U4C$S"*AS@(EUE(8(KF0L?8T8AP5=Y8
M0`FB4Q_]NO2=F'K@UX_@R43A&D:!24J3,_T+]7T*'330:*"G&T!8RK@^V-5'
M%5Z`NPPK2!5/9MAX_U7Q&Q8.>A^'<KMJRN*.\&N(,HT-88O"&NX4PF8<MH%$
M=Y2S"(=XRLI.&-ZR@;69;3KGN&4ZXH^1"UI@L%@B4B>@[DN8#-`!^,*-4I.!
MB"#^@A&IS=E9M?RL2)J>/^GM+)K72JE:Y6W!=D(,]4Y5)2;X8M52(456E,:2
M75IJ@@Q_R<4O=-I:ZK`7V@SI1'U]*X.,\0"`IS>;9(,Z6"#Q/1[,+?">CUXT
MBV1^#$8!!5$]+B`I8S0,8<=E"<QIG5)_)TT:'9/(D[X/1ZH;Z]X$O__K_]M[
MU^:VD:1-]/M&[']`^'2?(T=`:MP(D/;,1,BW?KW;;?NUW3,[GS8@HBAB&@0X
M`"A9\^M/9E7AQIL`$"`+9$WT=$LBB,K*>C(K*RLOU-CFH&87D;DQPN*R2E/C
M;M(EVT59C`E3`=SU2%@04Q3FW,U]*#NH91??5&U0K9%3YR?E&P3X")T//EWS
M->.).EPKQR0Z5[J)>-0G2(VN[!8)/4E4[\!307X[E5^@E+(`<@N&&H/\TH>:
M9!X&UB5I3,O<9H^II44+GJ1..,7%*V9HT(E\*5\MYN73=^H(>#S;5.@U>NFD
MSX,AT"4W6\5@P:(VJ%Q8LNM-%EE87'8!.C"6XCJ`S;YDY18W=(75`)8%WMD'
M_D,YV@N%$E0(%4J)II/X>[)*UMP<V0&?\@:S%JN<JS`:V>;E+ZQ$_G'$5.+I
M>2B^DLP)59M)ID#QDK70G\QT3<OG3AHDQ^+:^'XS#>"[V*60:K>LB"Z]K0WO
MK]$>K5P;^WA0!8O,7U)*"AN/:M,LSB9W^_-+,>9_+AF`ZT?ATN1!O`A&*?*)
MH[ZEP5&K)+?22D^S(WMVQ`,=#YC8-,\I&5D@3O80\?;Q'1Z>$^^>[_/E\/55
MC!%_"0NY0MYS`E3J+D_VO)3M=U%Y]HS^W.Y@UB/WWK$LMOS78B,L<R_<-0%_
M"W"*6/3,'QC),^LIM<C5;U&2O.3'.VJ^?"&QPK+.%9IBO7-7PA2[*35\KC"P
MXF5F_RRQ62FM/\'#[%8\0Y$V?T0$;W[GCEUL/1+<E+(0''[A!`?)N^QJB)+%
MFE$J42GGOI2;D&4DO/,#.O`^`NG)+#/+>,-:J@\"%B)%KSP`HGGJ$+55LP?I
M35C"(IW!S&-PSZCF-U?\MFS&18'13]^Z07+)%97R1/<2$7Q_IHE4;=FJ/,=2
M&I"$?$-97D9XKLW"F*L/7E4X\_*YM<",'?HCNC?`>JU&XK#;([5"ZG65U$Q;
M[$8`]^0G!=G5AU4X#DS=%;N:!^U%3?*$WIQ%JP`CJ^F^<IU-_VRTT>0YA5`E
MC25!-U-#&U0(P+!.M.-7%D2<Q6[C)LFV]AU*L1QRA/%DR9IY4(XG7HM"HQ%L
MS"U$O<\L;@>-[E+`21["G=\6I#Z8/_0NHA2?<J-\<[,A,*V(>LRN'T',YD\*
M8=F9130XL\F6[A/;MHN4.$8M3_F`W=S6P,9Z8F<`'`SEULW=Y+EWFSHR$S\E
MF_<E+#Z91S)@A@78B2FF8_DT'$CE(>-X2L6#?S6>.V?=V8CFD$3A5Y>9;&^H
MZ8^6]2Z[`&.*_461K;L9))R'[#`9X5L;W1GNGDH9B%4)R4\!:_<S8%UB[%KI
MRL4OA9Q2N<J",MP_V1&V?!?W$`74!N`!(,6Y-R:8@\3%%N-=J#,J#XZYPC]Q
M6HCWDIW!/D5;99Q2PDXAZ+2B%WY\)TS71`1I#$LV!;V3H@D=<W_)S1:8P=KM
MWQ7E*26AH*@B?GD("$NE6(O_OZ^LF12P$P@8+6IT34'.@UL72UH)Y;EXC8T;
MH#<^-F`'>#/SC-J@".-%!!L*O?O,,E<W+X697<=$;5JF`$G*TH'Q1OH^=C,/
M)@M0RMR15=>HFU1>4SS%D+TU2YD*%I*&0;2E)&,>UK357[YC)M>;,U'<1Q<O
MQ/&JS2U=!VV_5DVJ]ZK,?9YG22$70+2O,T*3*1S95P'9/06A<'L9@H5)=_R:
MK%RX)(Y"^'G*5GFG10<GE]_=)YKGQ`XH'W+$EE[V#4\A%%5O(OA/.<+XP^VW
M-^7(8I_5TKNM>JB*%_RQI%G\Y52';W^47_`INE%8Z9D)S#I:PAG<UNQ7"K=5
M690!@!E,M&F6E?J6Y^YAVNNW/\JO0'%E]R)@Z>7.,E;'@Q46N`7U$2@LX\NY
M`6Z4*Q]D28+\O,?>E)ES++MG668TD(.YQK@%[<QIX\?-9VJ0E$2I5-FY5B6?
M737C@)0[GSGOWOG)%,ZHJY@<6/^'(?N9X](IY6LO,7@[<#VG1W*@"<@YMNR:
M3.EG*Z24ENAD)8<",DM;*=DS/"E_#GFDZ9368<\R0XUJU'11/``K#7!G6-EY
M4QBX144V>&Q?5;M"/\)3)?W(@D2>K7G'+Y%IX;,P"J_S2FIP2OZ3!;)EA&"8
M]A*TV`]J,\'!U1AKW(0OUWZ#3T%1THIM606")9_>CMS=[*"39>`E\YQ3A=_P
M)UW51YJJ:3`F3`@+*&3AJFA`_63=3)0%*%6T;&B%!!X?,W.G=,(W;81C`,C;
M:;R<WU2S_/0U<"`<*B&-><QDPM)@LQC-:K$@]'C35*Y2O'5N.%.S>!9A#G?R
MZDS9V1HY*74`3$'REQ@(&MYCYP3Z>[)TI]GOG*0[//3'U[0"PC(AKY3LI]=@
M`WGI',C5M)]?%*/@`''V[0<,))^Z0<8AQH#7(.'3/^]CS/'#-T?Q*R6^O[LR
M#$WE_W]9O!%M'/I6+WLK']C1?GZMX&2O$S@[,;YM79##>?V%9NODY&P/E]]D
M?NIE/VX0KV\AOE-,[")F+TOUYSB*1L/A9/[4C%7CYZBB]30.)TM7#<U0-=UL
M1MYQ>%9C:>F/\<&B^(\YV!K[Y*^.S+U6N'+)E5XG`*^4H4'*2A58:BW:!NV]
MD-E:#KFZS8AY$\#J($D*/44*!+2.2.Y(<AU+M8V:8KMEP07B:Q<"W&0O;2;+
MR`EZ%=N!-1BE_$H>B5JS]UK)\@G%5ACXU"2INPW3L57;M#L@:6A"UGR7[$&(
M#@2%E)AC2TRG-`U-9+K>E[HS)S%LI+4-*:7HV%)T98W4L2/.KO-2O,WFB$>R
M/`N=G<?R-.=R)CGWU\DSVN6>T:[&FNK8FMB'M-XEN;^S6<8JXV;4D[7YJ23G
M52=^1W)-21=-LBE1M.9K0$3RCAY*;&=G0'ZOUTZP.5J%T9GK,OX+O2TI_M1U
M;,%YW$5E5WM;;X=9:XI*CA3+^?83+$A`^V9@X$E1&[9R3?V3:=OTWM@/JUT]
MUA[3#09#I`,>S<N6T3OF[V\^5Q/9VE!H[:+0T4;K%.:1[6N/6M8X>[0'"LWM
M%%)B?M+UB3I^GH^VH5J["-R4G+.`[P5>PJ]75?=8I!@O'0B`0'@M7-X"B$6<
MLLAO/RE7IRZG(V6PJO3<V?HM2L(CH55;LT8U>/5/.U/4"YD[OZ5I@KWM4]T=
MI;?99W!_E.!Z;.$'UX]IB^S?6<$+7(B/X7*5)IV%&#)>#:[%H,7;#&#LR=^S
MH.TBNO9CD4F\JU=&300/AC.7HTQQT2GY/`>=UKMA_2Z>%)<U2<?4L@>L&8O]
M0VA9"S\K<(713[2N2IZZF:>J@2Y,:"&MD!=^`R6Z='T6'\4SY,JEMR@55^2'
MSU-U7])POU"A9P0LMUOT&52RLCE9:J\;LSH$-%N?U71:%%+.<R,^%$D)I0]Y
MTX&\]$%N]13;"1:Q#(MZOC0FB[87A]?>1]@O409HB9?Y*@85`P?`;UCXE=*O
M9SVH1]IKY;]744I+/].T>Y135H**R2,SF'P/D[_1M'>WEG2Z`!OHW#>/`AU&
M4W3DW4^V8D-5_EUY1Q5/I:^O5U3QPWR4O)\$JT><EXBAN7?7M%(*#)"WUJ(=
M<6DZ')J$](O1'2:8TE!3&))]7$[59'N)AR^*BWIJQ;<DP@<_U0+A9AGAY1;<
M'#`\ZKMHU<9R/&FKU?"B,'&>$_Q0:26Y76VMF9+5)DO85B'!MBV`*-K"$G'#
MBQ)6ZU=S*,VVVJL7`*!SAU+>Y7"M7';>O8'G06.M!NKBHH>-/57?<'O<V0U5
M+?J6EAI99HVTW+7PD;(K-2E#,'.2\5.0OU@0SZ<]S;"$$]#-"L3Q=K1/_+FD
MW/[:7W<DG-_27B"*RQ7L.L`QUAI4*)1HY^-GX$@I8&/0+N)Y2596'-:+J/57
M4JY!WEV<=1?C10YCWE=^1FO\4'.S5#^/E4KD)B<V<L$2N3&6AYX6MR2T2A!9
M,,\'2@JU'12#&P@WP#JR*__P$QB[R@AW"M8.5OG`<P9Y9>$8ZY52C\0JP4I9
M4GP&/]4MXK.[>WW1H2)Y=)?,SLCK-F<]+X.GK(1S@C>^/@B5QRJO>11)M#YU
MPIUV`&Y_224N%R%:N";@0II]"YL\^1YW!Z)DKUCN73KW8X\ZWIZRYJ"LS@'6
M^8MX(R5>T(?5?$^!`ZQ8/]LAV%5A;B^SL]-.#FRM;'FXS(U1YDKU6W.&U)>Y
MXEZBT0W#^O7$.]!VMZ'WEK7L^8UVM"B^EESFS<2(W4RL*45Y"7&FNK!\HXO*
M!O0'K?.9-9K(NI"S#?D-YMAC690%P4)VJO+IYO:&-:$LE6S)OE,N3,!+#G#=
MQLOZKJ?K9PKI)ULU-9[VC\.&H,)@<O.`5C!8^*R`/.W,5G36<`%F<<RN"6B'
M*EZ>A>:!ARN7-L3EQ@>\B/;%24M#W6"3L#Q+D+V+=AS-ZK7E\^)%Q<O=W;-B
MHY4BI[M5Z^,\PKT#*S]X2K*Z2WPP[..LS0#^(75I&4\>A5&J'+'E;3NZ*)XI
M<B]02`OD/=)BD"%M2!O25C7T)51*$!WPMQ2KBY/08]'4H?*!W,4K;(2!/>I9
MXWHFB[19"P_=R,^0M/X2[.R?H@=>U$1C!3T,S=#*#4>CV(?Y\JX+&4FYNDC4
MXER0=[SF]C5K5$=O#?&BDLHF/0W@$9I%=-!";D`/&%14YY"82>5MDD19[?_?
M(MI9[",.0VM_?.9'B:^TA-2+-V]NE=\^OOG\]<5+F!46)YD%D<LJD<(3*NN^
M:=R,-*Q/AC=/M,%GY%/J&8N0W<:-/?X9)_&[&T_GS#')"KV,;MCHI4F6Z[KP
MHUFA0#9TJE_X`+A^6VNT5:XC0XM'P>/\]`/O7?'J;IE"G!'"+W#YT#D_N:2,
M)Z]1C>C9A)6KF]'/+SF&:&EWRJ>L^C#7.*O0]1[PS.A5FXPQATH^/#,N=U!5
M3+3HGHRD@C;&OB:9OP[;*WLN]630IK13]*=X<`+DW\HJ0&==T+(+B#VEUM?"
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M$>VR`SDZ=6EY>6R(P4S3D,<:%D8>H[=X+ZTTR\J#5HJ`86<Y>J:E)4AQU\`-
M,F)=+DK[YFME#F8G*&"5-YQD/`JC4F(4TS01NMJ22,KZX*>:R3HUV[`\9G'0
M"%CG<JP;O43D_#3BYZ(L,BHSJMCV0/=>VK&X9(<$)$WQMCS?D7#OVB(P*L<X
MX=\H;6'XRI]8P@8:=J!!R(JUCL%.K_?TR`7F6&&'L@)T7V&#C"/7HRTU./S+
MM>N^?GU;+NY)ZTR7VU"6F@J7A8F7JZ.-R,H3+=1)7O^-5>?=F`^U5Y/\7%A5
M.E5#:X]55;*C]!L-#*DEM5!"U@EZW1P$ZF+W,2S94-3$H9_#Z7&=1C7/+D8R
MLN-O83.IF=$$9UT_*>$AOQ.HU!CD?5I==DSE-EG6M9)X4HN<4019ID^RJYXM
M0%@W4;>H`V:ECM0)+\#(VH_C<_]K!5\VS/)CMJIGYNSW<L`FVZJHX8\F`G9)
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M*Y_N)/KY%[>`CZG:3DOXB*ZD-C+%ES^V5#4X"$A?2>:D>WZAMI+3$0AJ[ER]
M@;#%^"VP>E4N%'`@5!NLQG9B7AY=]V6D6MM(;;?K;C.8&X%X*RT]@`C&R8M2
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MAG&K/*(*2(&_+:-*0,.4Z:@L[`E(P8;-N;./7JU7LRRX<YHM@L=ZVP<T%Y`N
M&F-0I8,EQH@0?);ZR!D/>$PKN[K/*9A&"0]*A3EC;`B/"LB;T*T2,EL%\/H9
M62>D-#KG?A98D#DE]X7.YY<=640[AN"S5/F,&?GK2F'YU=0/9#.-AREJGTA?
M_."GFD>:YX4+F!LV#W]TE1@^`LG'=HP9+/=JL+6Z3<F:]UOZO7?ZO4_4KV;;
MZ:Y+=FPP84A%47/OO/EB)ZG;"D/L+TEZ^$S0"I:<[8FSUC[.'KM,*I?KT;/M
MH+JI(_F6FT0Y-85IM%?M5]J0UD,FG]E$MHJJR2G=.E*KJ(FMJR/':4:<2(VB
M),C$!]E8-U5+-X8+LM.7ON]FMK^5JE1DY_56ML4))4H84!RW583A6*INC3L@
M2`@>20`=O<>5"0"JVQ)2&!X)U:J@>R4,9G8:2!T\$!&Z,L".L6J>>8[`H[U-
M/B1NQ,&-J:GF?E^#.+@1P];MK^TN>C5XPA+2Q:\XANUAVQXP(ALZU36MU8E9
M\W0J=M-=B=3S1JIEJ:9=LUV@V$@]0[O^[6:(@5NOI6`YTTF:=(,PZ735L`!U
MNCB].Z5#9F`0:G3U(@R/SOIX\!M)DE<Y36^K0532\+I<PTL_H#.D6(:71.IY
M(]4<G0M2A3LB]-;G]U,47O/-I@C&V1V"TY%XRR;%^.6A-2DVS`;'#M&;%$NT
MGC5:)X9=_X0C.E:/W5"[_73@RW?Q3BI>*+_D4ZI,=2W]KTD:WWH*X,=P&BW(
M=_='QTU5D0.B9P<$/.7/82E_C!4*\(*T3O'K(9GU6#DG11U#/Z!))N7T)9:0
M0CQ:XM1GC$K='VCUK.*09B(]N+$?K1*%5D_=?(9GLA4>U^()K$%,>.Y:5J24
M%6VC>65+>(%;;CE`RSD2>/$JX"EV,;G'4F2L*.5,R0BEZ7:4'!@%_;W_6L5^
MXOE37H3R'YB$-0.VD!]30@NZ)M6RN3YVJJ8I9R3&RMK_(E-F]Z61\L?-MYLM
M(Y4F3GZX"][O.*$UON%O68M6GY<Q9^DX2V!=C.EW(%4&K3WYO]R0UEU&D5LK
MY>NR>I+8M8%UK6)EV3[RMA+*5]X2&U;W(>_WZJ?*W,6&KR3$-J^$-GYP,6$O
M]*)%5E&]J).)*8#4SUV:!&5MD45$J2`LNZ]2%L"HEL3#ZO!T7-[8&XN7NQXK
M'XU=*D*%P+#1$\E3[/9/A68[K5@E/FQ27U3RA;6:SEU8K"Q7<TNFYTX0R\RY
MP4^UU.:/S@+Q'(59(><03FD>F9&8ED!&661-X:Y*'>%>EFM<L#+*"2](=PE-
M@^M,4.;&B>R2$SB#2^;&741NW!&.@>\VM?@6Y5P&U^F\$:=WV/3@+CB$A.,R
M02[\12[\4>Z^LRQ@NTX"W)9"@H<SXTO>>R8GT2-P-J:G-5I(A5>)2.HM5U:E
M529FUN24;API,5-71^9(U8V:UPDBIF9*F`T!9I9MJF.S9@:$B#`3SM[M1?-G
M)G!.%&TH<\TZV*/?@X1)^RMH&6)X[!!#TU8G(YDS+/'3U@LP42VGK8=ER*JZ
MRPC5#O7S[?/Y!%*R!B%9YM@"HVAHP=\20,(`R)B,56T\&1B`+L.,_E12TKS1
M*S:]BY*:#A,I7"<6+@>@96K2<)8`.D`[.^;0D@//V')^!S\]N+1Q=D:6'R9I
MO"JZYDBI$EVJ.$TCO6;XD=#")G$E#*YT4YU8XI3G&;PI7<DGZT&9?T[G)&ZY
M7(+$_50CV6228T.!U55=KUDJ0^PD1XG4\T;J1+6=FC4WQ0;J4<X&I\>,M,5.
M?7)6[;&C3IR:*>SB<TE"Z/@0TL&B=T;B%&H=J$7?74`)C:DN9<3(P.J=<+S@
M^%JY\!>Z\*(YGOMV8+S_,25)DM,Y\T,WG/J8\<NZ,>)U(0;=)0KK&0G*D_\Z
M*QBJE'[DK3V?JJU!Y<'S<@^>5Z9J6F-U;`E>"ZI=#7L)TO,`J0$G/4,U1"]8
MUGO!_&/4*>L]U,7;8>QW).&R`A1^>5@5H*YL6U/'=9TYIRL!U=4N)#$Z0(R.
M1V/5LFJ&4@J*T>%4)VM0%V3@)5!NDZRV5*60T:A:>0D+&;D*EGE:I5'\M"/5
MEG836,(Q[X>_<%,2/"D_6>ID1,L2J\KCW(?W>Q'!RE(I]K3Q8W*CW/*J,Y2,
M7:-[,#H6L:D&JE8'QT).K!I67"UQ1$MCPU>6JW@9L0/J)IDCC9%)R6"D/OI!
MH-P18#DC%M\!/QN:,:F4>2K76&+VQ!-685HE!,S4!2WMY*?)<_2S<EY3L,9<
MG]?[P@@"5N@A36/_;I5B;;`(9N2MID29\LK?^+79*EW%I%J8"[Y(Z]5P7OA)
M5L8+WQ'X"Y^5%DL4,/%PG"W5IR@9;R./R`I1@Y\J`)87"\M%`T3@P4^H%`,.
M_(05BT(@L+I/B-.B4AL!F'@;6@)KL%`(P@_F!=2)DA6CFI_B1?6+"%S72%:,
M.DG%*,G9`SB[-X3HV`XHKC&M6A5J#I]^UH:%[:XY3:P6:H/FC5EA'5D?I":G
M]&>I$BBN7\2B(1)[XF//QN.IA)B$F%1O9Q2UT5WD6BE=,#_<7]V1D,S\]*7L
M'BWOL*_TB:-:DY;7!\>ZP2XX*P,N+ABL(]48"1YK<2X>,`G4@[2JJ8-A7M.A
M),."1`L+^AZE;K#-=,KO19[)`)`1%WV<?+J+N+@ZB-R#3*93-(:3\4&#1NMA
M8-55IZW1)%H30PG5LX;J05:3H)%LI_$J'3[)][,9F6+!*18JY:;MO$0GE,`A
M:*U>A$B<LJP_MS,\)&B.#1IQJD?]+!$S",1<M0Y$.K::.6IL>?T6QJ>*8,?P
M9!X@O![UR:^#:&1GJ:<MB^3TDUW=8]T0[!I_Z=+NN0&-$Z:&P\(/_<5J05]-
MF]1.W1#CNZ/9+"&I\HB-AOV419GO^MYF:+0,.![\5&\I[=C;.ISZ@>]F?901
M7T7D,:*PT@\[C:J_8T>7%8)NE2`X:'0RCW`O\A'0<MT>JLS3"BZHDZV,4.[!
MT7`BZT/@:$\9H2PCE(?&V4N.4/Y>"D7."`)K;<=>>J77/-3+B#Y1(_JN]+&I
M:N.:>OJX+)/@&CBX=,U636?`O3(ER,0'V96CJ;93L\.-0`KL7&Z'OCV3[R^=
MN,-PXCJZ:DP,81RY\KIH(+C1#4<UZM[42^!(X'282R0,ZX0+D>TJZ@-]\?>Q
MZZWHE0Z>^F6+L6'(EVX`BH96.%[B1QC\7.FF.K;$`9#<UX>!&U,U)^*@9J#;
M=T_W-%](#!]@"1+/A^T])N&TLZ*V@@M;_U='W0MC_S1;ECIRNFKN>SI,2*2>
M/U)MU>K,G)5(E4CMC69SI#KCFIT2Q4;J`,RB$R3^]E4S1::IX9<'EJ8VD/Q?
MF?5[N1B56;\2J@.!JLSZ[:^67'^64IX?O,U::ITN+"6ZQQI(IQ#MFKG(IQ/K
MEBG*$JAG!53A=Y]V:=$2I6>%TMHYUZ*JTV.W^3J/#$[,N$'JO^].<'UT$\6T
M?E[/W*;YKI@;N[<WC^`9U4(1TWH1/T0QI1ZSE&MW3:HV._-\C_9'F[L/1,$_
MK$+>%(S5)HP2G[;M$GP]N]#:EYPA3_O.A2C5M%LZ$_`[-W#Q7A\?6H7XQ?L0
M%#UK9LM]UPG6<`!%(1/>MT]5)KR+?#\I</*P3'B7">]#X^PE)[S_4=H@*PVY
M\HW234O;+&RI2_AN5#.K36:-BIHU:CL3[.3;C#B9FBQ!U@QDC@29!)D$V5Z0
MB7%AVL%!'>Q,UBO]SDW@N!U17TQ.3^Z346(2T&RZ-**'^*Q%.[J"6MFX(H>(
M"A`8(G-79<[=0'!EU-?DXG-(PD>JI7,*/C]\XF_G;GA/:/7:RBU-3A&Z%V(_
MJU`KI4Y*G3"LD[B2N)*XDK@2C'7GXCSX1M(T(`L2IG+;EV(D#NLDKB2N)*XD
MK@1CG7#.@9[B3-[_6/JQRYP$[59(D/"7:JB<["%_?-D]56OY<PDZE`B6")8(
ME@@^7P2+X4OI+5&Q5J@G";VF09[/BKM,M,0O#ZL21:/X4%DU16)58E5B56*U
M!E8;1*N*CM5CY[#W,IVS2/0$LS,@>5*UNP"3--V?_[IPGY0IC<=1,&D:OA4"
M]8IN*`L8>)ZLY5M'0``F7&/)QVE*4Z[YM].(9V$K"4S<GX&='/)VZO!=[*`1
M8FMS)2;)*DAI5B[O8H[YV0IF\G,:RYF]*5:?+$T$_[9[,H_1*O"R9'"%C4M)
MB-C42%:A*2_)=*-\I"]-]KW6C8GB^8F+.<+$JW+DT0\">!)H__?*CUDT\Q)X
MZO(H:*">MN;>E8'^EU]6R?6]ZRY??:3%HKZ[/][YR32(DE5,OL-2O`FBZ9]_
M^Y__`_7N7SSBOWH?IG[Z])7<^TD:`X\_N0NB3.'%\/!7,OOKBP]QM,!$P6L-
M_M'3"-,QKS7SVM1?_.WW]__G[6?E_:?W7W_]I_+V\]<OG[_>?O_X^=-??MGU
MZLVAWY(0/@T^AA[Y\;_)4^VQ-?R?;5OZN#S:VMO*P[V+IBN\"O[^M*P_0UV[
M_M_L_>6O;WOM%WJX>1]Z[[!>1-WW%S]71ZF\K3S<+7SJX1,?`O>^]C`S-T@(
M&Z'R@O*;W[*(^0^TNL4_B1LWG<MU>2*[WK8)@'^0(/C?8?08?B-N$H7$^Y@D
M*Q+7'O935`;`CK=M#OOW*``MX,9/'T#)Q4G+X=;>L@7>C`]?R3*"TWYX3QO[
MU1_MGR2IP'OKVS9'I=2\!7;?8P63NH-]6X!2`L[GK\_T4IF$RJNW"0);<@;@
M#_"W^I/]\,^J$&R\:?=PB+!F@^'?MPV7OVF3JU_`HO.G'X+(32O#W":?9VR8
MR;6IO0#=[[,/_OCV[H7BD:D/C$VPN,'?;&-B62.MS-#26[?`)UK`SODM!:W]
M;0X[1_)YE2:IRVI2;*$!IF=?&V:)!O:U,AD?/WW`Z9N.8=L5<.T9*Z,LVU[>
MP:(\N+CY?0Q!NU/^);>A]U_$`S/D_A;W1=BQ2+)E^ZF]1%NLIKL(MN0!F$[X
MY3O\87Q#38:"7^S*\2[?MQN:C8-AP+D;Q[<!JV/NY2NKS/S0#:<^&&E^(134
MWD-;,,9J1-CVW?5CY<$-5H39J9GM-W>9,>P1-'EI+AN:BZ7W5]Z:*'.0-<+"
MW+$LE3N=HEV+BF&YBI=1`A,`X57Q49<;RBJRXL]DWXO!XBPHI!5P<D,VH;9J
M3(#?:-7B9VCFLE\I'5,>BP_&?^DE_"@`8D]O%NC4L+X6B\RKVN[P1B",/>\N
MJ?'.H60YKW_%4DQ7H$Z2EW@`V#Z#F^SY\;E"KUT!GH%/&D2%4I^)RPKQO8S]
M*5&21W=)-Y483F@4P7!T6L$'[..'*`"0!+##@2@D$0@H`O#13^=*5MX+((@B
M$?F!`@<S.%\I_\"/06CHP93GE/*A,WS9K[GP^3_@?=M(43GN5UAU9.G&0(&?
M5`YW"_=//.3"&0^QNS:0XK,C:I*'L?)1J+C#Y\4'E!!VOX)#P!106%TF>)0H
M^DV5"FUEB#KT5&>PG:A"#U4(4PJB[D%5I%2V-^BJ:,(2?\LB7BPP:E26#;Q:
M@AJ(J;F*.F6-'?CF!!7%%"T;#P%`?G`5I7(`Q"N/T'4OC52\IY1UC-C\9Q3_
MJ?Q.8G1&@!FLO.=O4_Y!$L`P^0&J]B-R:D$\1!DEXZK07Y_^"2=FY1_?/Q8J
MZB5E`"AMQH(*IW?";AM;D,-`6HP>A-^>PNE<><MG[>-L/X;3&Y72\SCWX<,R
M!NY(X),'PLJ7A;B1D"6OU06P\%,E]I,_9=&[P4\U4Z&EK1D4'THA7?I[$F+I
MRP![SB.&_1`E+$&#`N`->/"3.1HEZ%M1N'"A.HD`2[&21*L8_\+@5151%7UN
M6.@'G^0.17@M$#=;I7`T2,JO2_T%8:H(/@*9O0#@G><$;]GV"!"KUN#<[@/.
MBVZ"+1ANU\M%L8?'M=V9P0A0%,&^CX]<`&C.'3Z9M@I)^<R4N>WW;XI@YY&4
MJ9/`=^_0^/,S]3(G\*X@FO+S1K3E<,*+?2J@[V!PT&64D**R)S7`=A6:E64_
M9=G/`<4O"EQ"49;]/$G93^'20`Z?,K\WX?O"*Z5PQY:ZZ^0>I%:P.^_<JYKQ
M,,<(=CFKE"L))PFG"P@V[P30GZ*05_7+"=O4YP?K<6',!YE8<FJQ%CNQ1"+X
M..&\$K@";E+':(#>@0NKTNV<;58=B;0,TS]4KH\?IM^':(L6O2\A+"$\<`@?
MY1"5E?X_4D>6S`%6N@UYE5-VR.F)SV,L6QC4Y)1N'*F%01>B*F)G`XD]\;%G
M6>IDK`\78P,XHO3E4BOO$-*O)@`6I7M"V!/,Q2-8^M4$`JZHES_\?)?]&1]Z
MI4RZ]Z^5=B[IH1!$R*6'0CK9)(1[/#V)#M5:U5SVY*?)XBX]31".?B2+SW\V
MH#IAX?EWA(3E_-0\"?5&N4V49#6=JXH;!,KV-%#,"?$7/#4J>%+6"@?"P\2-
ML2$T+^#"@JTQ_219+8`%>08J)H#NSO^$GZ?!RJ.9*O7S3O/TM2RL>RVJFZ<N
M8`0YQD]>0)!WG0G*T&Z1SXD"!R#+T.Z+".T^\BW7']5J!/10R/<*FE461N$U
MW;!V;!V-'-;RVD&X:P=YY26Q=RKL78E[Y_5RB%[#3B"-!6-RDHK",:7R%'`(
MZ&97$-54$>>R8(C77;IFJ)H]:>>+$>MZ0$+UO*%Z-;)4HZW;\%A0[7TK.D9@
M^!'NLN[K5#KK2-KE%4$#LU*0*X*#]B71[@@D5L\:JU>3B6K8ANA8;;0UB=N4
M`+Y\%^^DXH7R2SZERE37RL<?4M]WO5;PVRB<TK+L>-'RU4_^O/2:P!-6$_AW
M]U]1K+P%&J(%B2^O+O"YW[#RG(O@2<U[:&15S]B](WR?_)@&JP3$+'BB1<WX
ME>4?H8^7E5C>G9>M8LTN'DBXRJKNL:M+K/8;1S,_97TE4&SABS.0(/HBK*"&
M3]^[";]D]8`'\=.-\KGXI%0W#>L`)@BE-%(>W-B/5@E6$Y[.W02+Y&?50V,R
M):`?0`6R:IRK,"%3D&?O1ODO'_`<H[$.$Z^4>IMS&K*.'[%/0#%XY0X?6<%)
M-'Q)DC7Y*$TBJW+,2`&^N_?,C^,G666P:.F'/JWJY:9;WDU)P(*6Y?8C0/.-
M\ONS;RLNGV>L5%U("N[P?B&E6G:*Z\'!)<DZA62EQG:4D67!:[3J9T*"8&/F
M%U7<[CPG^#'D!8.QT0`-*%`IAJ9\#\C0C1(,6X/N_%SM7%.&0T49Z),]3^8B
M4T@MVX`^ADI!BK67%,.H2XHQ.I@4<S\I=FU2K*:D/&<6U3%E-LV?)/W(TBR\
MCR&H73"C?G63+S%J\/3I=OKOE<_J6K[_L0PB]FYXYAU,)8B6J(]Z:Z<P`)G)
MK29=8U#)-B[@H8*\;6TXU2:_JI:Z>"4K]9Q0]`4T+FEWK><J:#,@*(\$PZDX
MKA0W"V#:K$^YM3SE6:A369'R+*\!!`ZND6%+)PE;DIP]@+/F8*Y<^.YQ^*PS
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MC&T)(0FAMA`R[)&J&T.#D##'[IXB$M^Z2S]=*VU&^\DI,4G]F->RN0-27%;.
MLMWR"1)-R4>1A4#:W:LYEJI;XWH$RYHU$JHG+*]D`E3W1RA+J$JH"@%5W5(U
M[2R@*J++XW2EEE@>7IY)AZES:VG7F$L@FXI<<@D;&@VG&G6CE63!)8G6$Z+5
M4+6QKH['->,W)5HE6D]9RDZU])%JUO5:BH[68U<*.X]4_N]SUHRFJ!7$"@T5
M/6#<^_N8W+LI4::%+ZQ<1`$?2J-M97.R7-"\=H*;KI5#J*SE63!4UD8XRS.\
MP'GFLC:"K(TP-,X*51NA:9KHX1S@.:$9.8>X/62:E:AI5I:F6N.):HUJ^BY%
M3+62.!,?9R8]Q*G.2,@>.!)G9X,S2]7-L3JN&ZDL(LZ$"5<Y?,)9<NA&J6$D
MJ+`B9,&EG0"]X/(K<N'EPLN%OZ2%%SOVH,,@@V1U]R\R37.RTDAQ%Q%,\3^N
MS*@<3#RT8ZJ32<UB2^*S2.)'XD?B9TCXT1WTWCD#`Y`PQ]NM=R"];/=A5&SU
M?.OO9,L7YA9G7]!(W5#<RXT>[J+&B=A!Q1+!$L$2P1+!$L'#MKN:.%=.CRMY
M0#GQ`<72U)%MJI95,[I`?#9)#!T;0^9(M6Q-=63M*8FAUABR5%.;J*91,^]=
M&#:)[2LYG`N_D:2(!W"GT]5BQ3H>OGO'&&2.7]]*L_QRS7)]HCI8MFC2,EU-
M+!-<HO7,T3I6S<E(M?6)1*M$J_!H=53#FJAC6;>B"_?&*?.-FPFKS(/&+P\K
M#QH`.=8UU;):[BRB)4)+N)XU7&%KT6BI2%D31<)U&'`=3=2143--672XRC(3
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M\AW5G/H-G<O5;U&2O%1@Q:(%48")RMMHL0!)H,RDL[_+^=`0V(-A2MNJ*L,3
MY'<K5I$'@QB5D*0*2%=2T7H[E!Y^_$CW&?C0A9.Y>T^4<+6X`\2`"ITRT"0(
MFD2)5FF2@H;$XCWDQS18>?#'[)$49)/20$`3/+@!"'RBW)&INTH(#N/'6+8Q
M6"6HCQ^C%6#HCH"^3?UKSP]6J&AOE`_/4&RIBCE2-4U3HB4MG0W$QR0CQE-F
MH`\8(^`E]+7P1^2'SP0!MP<Z&67J!E.\VZ`O*9&9OQ@?6J/NMOPKFW'^^!R8
M![S/>,GV*\Y/\H/$4Q_>OXS]*=V:?AK=3,;ERD9L=C<*+*32;!'-O8M(Z6B^
MD,H!BWBF(G9!VB2K[U74\_)!'L`B@JUWZ@<^E1J$,0*O4!8<7``5#U!"/RQ)
M&3YQYR;^=%,6T>C*A+7XD)+`'LAD`/[J1]ZZ`2>K@LFJ8`.Z)!&XPI*L"B:K
M@@V-L\.L"K;]AJJ3U?U$BN2FJX`>`]FF6@^"NVOI"(/&*J58*T:`&^<6!7A$
MN'2^,BVM?A>R$LM/=?O\4L)8PG@SHE33Z_>F$0#%W54XDW`^0SA?Z8ZMFDY-
MJU$`/._5RJ>/FNYFDM\VO&>R4-I.4%YPV22Y\'+AY<)?TL(+52BMFXG_H[A0
MNK_AET-%T93->Z0L85M[S=S\K1Q>)[1;!33ZCV%I&JIFCE5C),M>20@=`"%;
MG4@(20@="J&:T?3"<$F,DVU/+J#WLUFY)BJ_[W>39+4`LR`/:H&_;X^):;F6
M8KFS!/!A#3&7[?S+]T@$GS>"1ZIARB1W"53A@7K^JE8X[TIO66;_*(</TQHL
MA?/E&:=+9H-UI`IDVEQG^N`D/<6;.'5$3Y^3L+T8V%J&JH];FET2MA*VI]*V
M#9Q7HL-6#)]6!S$TOY5B7VFVR;9++!G!L1.H%WR?*Q=>+KQ<^$M:>(%]#!TV
MOGDC(S,."1,^AC5YI=WHXK20JIEM(<%R&K``5MKF;)Y^MY&@.9F&T<0)M!A`
MYD`O6_$[5O!`BHK@HB(W8PD6N1E+T,C-^-A5+-M##[Y\%^^DXH7R2SZERE37
M2A[N+$&X7JOP&T8]SJ/`(W'R_M\K/WWZ%*5D2Y'#=K4+V=P'4W4OR$H1&JP4
M89D[7"E8]FN%,8KR_6[/<LA*A&O#"3[5C^Q^Y7^M0L(+]F'0\)O(C3V,%'[G
MQV2:1G&BN*MT'L6@S3SZQ(I%$J^6K+CK2*-5_N#GF"Q7\73NPN=9``P+1'X;
M+99N^%1`:DLMPJQP6!H3%R3Q"7L:80U9++078P`-?C@#076#YZHD\N%*]`#T
M*)&<K,VQ6.RT&RKN_7U,[MV4`(5)R@H`PE<G-\KW.=8OI$4,PZ@TP4HQOO*0
MNV:D>&Q"?#)9-4'\6UX0\9F)FKLG:JACT\S(<U-E^YR`52/+:5@`\&2;1/W:
MM[7U^_K&4#SR>89L)6'B8FC\5T*[:F%-W81N+6^0RU_<)RR3FUSH=F&6M@OE
M<RF%0&X/9[<]?"/+E-"ZD0:HP:K><;UHF?)=`3]5WB^60?1$"%8S!OG`/!,&
MDB\!Z*$K?"[;!)S7]!OX0?:G\>N75,TJ^2=8&/S!]TA2V2+<1[Y%5>NZL@T)
MOEM6]5BPDM9!Q;JI[$GV??@(2](&`?Z7O8C]_88C.G\,%/Y][(99K.>CG\XI
M&?#Z-/:G6<7,&`NQ4L6^9-HAWP`8*3><%9NO5?"5T2HMOY%1GGV0O?'N*=\A
M8'/VES[!#?(3@<>PL&>%[C"**_,"D#QA"5F"F\2HS*.,#*QF"ZL:@3W@AYX/
MC%_!'N2']*^E':DL_1GS\>6TOBQRFR]]>7D4H,8%FL)_PSO]F4^\RL<9TQ,D
M(K<B*EOK"K9!7EL4,4/WZQ(/8:NC&Z?KQR@.?Y)4>7"#%<ELD,J[^,,>[HGP
M.7V'BM5S,?Z$ITO1RIQ`#3X(0HCLAT>-T<_\C471TPQ80`6,0%S8I^&16;2"
M*8<A<").W-@OS*&U8<F/)9A:(.DA+WJ/I9$W'Z2`P!DGJ[M_@64&M&52,0,`
MP,ZE^#.%4`FD8$E)O/!#>$6R+E5LQ&3?D%2T<6'.5+M=D"*_!;,S]G+K,MIE
MDI-,>3,9*>08Y4U50AB"P_W1![4)TNXGR0I`OUI&(1>3(M&PJIL1N^5AD9(I
M(''SR)"]PUL3>(9A_$EQ@R3*=X9<RU(A0?6;#Y[I\T]151&B#4\IR'3'AD&^
MWF-"2L'@IYI5RB[.3-/H/J2'VFG)WD?="#\3?DHR57-LJ_B3H5H6;U^BFV/5
MU$S<&>])2&+`#-7-'JA;'W9PETI-]B)>7_LMB`%F&KF9'?$MA1_I*0+'^KPD
MK!$'`_1N**ZU.Z%2D48I/$P/=S$[K^#&!9OM]0-8%+@Y9B9!"OH^+<V=;:-K
MQ>U'[(4)S!1;<FK`@,>Y#Y_["9W5E`]P1\I<C&"?*Y75SZO;XZ9Y8[-]1LK1
MX*>:5YQ'0RNWL*C14['W$"M`UX*BD>\/57MFE61NG3=^&"U\@#"^CXGA(O)(
M<*.\S^#V$&%M^H#VI$$KB-)P1ST>\/0<Q"Z*\9*Y>/!IC_>)4_K`]Q<\O,?N
M-$5S%ZTF_*9N:$!$F,[9YA51"WOF4H\8D[KR7K9*@*P2%3!3%T4D8T'&E7R'
MQ'?F&VYFJ=%6#6#+<Y6QP8WO<U(20$YHEL)?WM"`^;!W@H;P"LL.SA'+59HQ
MA=.S-@0E"_9D4#%4,165_.GW``OP)U`7V;:>&]]Q05AF9=R1<OX;(S[VDS^O
M9S%,.4:FH*;+&@64YEU>#C@KD#6:87+YPN.?_[CY!F_/G&Q//@D8#=-5_$#5
M+Z'5$3*CG\XB`^&-<IM4CK1@BH"E@\#PR#2`>6&_`S0T0@_$((SRW]A`2,R.
M+@KLE'3+IL$$!6@,4%>J:*G#:"I;J"5Z^/!XP=XQ6U%C'A@#_`$AG)*:?E0&
M5%2[8)ZQO["3$&-'!`M!ERWS9?JX(]`J$3$=)<-<02@<./%(QX\W)#?\$`(Q
M\,F-2U\JQ!V^51%K!M\S58@7I/O7G-0UW/"Y684]K?PT)3F6M]TS+-&H1W52
M/2WD:L;BKIW\TB`JG`;1;.9/29Q4-.OZ#43E;`\@_LFY@??E[4TJ=PU[&ANM
MSRXS+`^?(6^95#T\U9T=Z^FT-D/:OJC9#$VJZ*HTT'L/3B75'TFU_U)IV,RF
M='D3);0Z`Y*@GG7#_4Z:?=X9UK:IM(66-J;<CX'LX39YP/B!%C#;Z:E#1IJA
MYS'5C\RGRW9ZOOD639!86QW:"BE9+6#\W!BD8+JFT*I:L%6XYX8-E]/L6$5+
M*F7^9K;OY^JPNMVQ<]SVMP*]>WP-RBUNWRN01]9%,RDLLNW]P_ACN8^<&N-,
M.B32A]!PZ9217?OCE@0I.Y,WM=%UL;K:?(CBG-9=6VJ30"V)GC[1(UY+)-G&
M2[;Q&AIGA]G&B]LGAW/@U]R"S$DJ+,EZH-O=(N:$P=REUB1'"%]NT>UE+U5=
ME1*\J5L;Y+CLZJX)D438:1%FW3@U-WV),,$1UI)E1X-:%^4F1>3HZ5--.S,F
M_E[<5K*[Q596ZWFG@(E8!=^Q;XR:+0R/P*&?)6J&@1KG1M,E:B1JCKZ-"\,Z
MH8HW=;:-OZL$A4BYDG(E#.LDKB2N)*XDK@1CW1F=X;_F0:T^WL&0I&C$A5&N
M4KH&(5W&S<@01H;DT6P8H-%OG+;WS!(TEPH:N8\+?YY_7TFRN?*+3@0T?EA6
M]QN&I.FRS['$3EM?O82.A([<X(]>2G(C:'_@F0J?-JJTT-17S$WA[;EWYXFD
MF&Z:Y8YA8D>>^.6M\MHTZV]F6<A/65V,!!Y\6O(*2EC8A1?%6"MG5QF?OQ)3
M;&->+"8ODI%%N2<[,O]DW8SSFFJ>[_],<I6+%2EXUOT&FO:F&ZZ#9DN?K[/@
MY$7D+!T4E2XC]#N(T/^TPFI]%6KO8EY'.9\D""FM9IFTM$;D&NR=R49SZ%N>
MJOD^2U[^0E.CRXOSA<1L3>22'&=)\JJXV>)\)0O7QSKB6*R)5B!1?L/R(WZH
M_!,MGGH+(^XZ;++]<,(^`J/\,/&G%2S__;E<F%.E"6E'2Q/Z7-2^R6ER4^5V
M&?N!P@R?FO=-G'931MHWCEI_=KD[.O&/3=6IV\)]$)R[9+`U3!PZ%L;L&ZN9
MPI`($Q5APJNS&_N<<M0N&6J"*C/=<%33KIE!(R+(A(E?ZZ7CX:^\WGV;DZB\
M;Y+W3?(>4^)*.-:=#C^GATM_Z&A%@EQXN?"#,-&Z#DWLQ5K++A6DO3:,??6J
M@;?P""R2T:S#@(UU8PZO:;7<>R]R[Y4+?Z$++Z!?K'01WXOY]2&+ELRIC6)L
M7(-1DRWUM2`Q!-60LAVA&0(Y93LB62#WR58,"\AOB6")X&$C>%B`/3V_FE!X
M(AMH*_1.SSF)-(DTT4UP\5*R2_&42M:P-"<H:UPE/5F#\&2-:1^WP?FR+A(_
M-0.(C@$;6Z02/1(T0U,Z-YHX%9LE>H:A<LXJ!$9`WZR,610&'<<5+-;H=F`"
M)/$C#'ZPK?'@T',ZE)P>%`)X:>3"RX4?G,$E(Q#E[ME]!**N6@)97S("<1BP
ML6^,FMTQ!6*0W'LO<N^5"W^A"R^@ETM&(,KX+1F_)2,0)8(E@AO1*3!@3\\O
M&1<FD2:1)B+21/1['C[W.A&([;I!24_6L3U9NFZJMD`>4'G_/(QX('N(.=@7
M"1H1M8YS8]L2/4-`CT`J1Q]9JF8/+?!90"^LC#44!AU'+IPBTTTD?@[:M@>(
MGM.AY/2@$,`?(Q=>+OS@#"X9:RAW3R&O\,1GG<25Q)7<MN6V+1=>+OQ0'60R
M3%$&><D@+QFF*!$L$=R(3H$!>WI^R>`QB32)-!&1)K;+-&.1<3/J`O<[^E'3
M*,8L>K%M:%-/)'<KJI0HQ8M6=P$1<F,]E.K.XDT:A$9N77DAN2M!VV7@DR!8
MK5\14@+US(`Z4.WJW)@U0T`E8L\,L<-2K7VX-$2#L#`^^,,G_'>2I,2K6/0Y
M/:TM>WFI??100T<U!6H-*8,BAI$C8-]80TL0N%#0B*AT[!M]>&6]+A(]`JF<
MLPJ_$M$3?/C<>:2L"V>&G0GKTC`<AHZ6AN%P\".0EI:&X5!`(Z+2D8;A4-`C
MD,HY:\/PEQ2MJ>)/V=^7&0V!'Y+K.4%6`BDW^NBULG#C>S^\3J/E*T7#R?`_
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M1-BIG`8B8N_T$4;=S/9[E+K!FF'!38J<J`<:@B2=<R([Y_21IFJV[(,N<=,0
M-]I8'0VP"I[$C<3-P,-!NMS`_3"-_3#QIVP7+^IPY+NY0F1YM2$(UEG=LDDX
MG1I.MFI8;1W6$C67BAI3U<WQP%`C;_1;F0]S9BRPZWEZ,T]OG)/5`H:#94V4
M\E6_>Q>MTMRDB+8T3LKC3^55_A"N\HOK0$>LZ\"O;GA?L6.S\L#*E]B?DJ2>
M=A+WSO44//VT6MSQ^!W.5'S=7:S\@I]^YFZ_=FI?7$X+`>>-Z]U;?KU;A75E
M0;Z06/F&-[D2ZQTRO,SAKV3!`]?>PKMC=YI6/O[-GQ'8_I1_$C>6"J<%X;?W
M]S&Y=]-"D1=3J7#Z8^:_V/'YWZE70R#/CHAW4LVIZ^BXT.SNT1@:STY_ARPV
MRPSK.?*8ONDB(F8RSCE5ZW^9.PWTB7UCG%.PPQ9,G!ZH8K-,-X\55S.JWYAL
M$)R[9+`UC*PY%L;LVLW+),($1YCHZNP<`K8DX"3@!A=K($*$H(CYR_)"?%A7
MFYVN5U>'23@/V@<<)F71C@O$7D?ZRQC7K\0M/HLD?HY?O\.0]3LD>D2@20@V
M20Q)#%UN"+C$A]0Q0JU7=R>TD7[`"6TL+>S+PUY7-WA:_1L\\5DD\7/\$YK4
M/A(]0M`D!)LDAB2&Y,69!(54+.=P+!NW/Y8YM<.6Q&>OQ)X\EDG\#`D_4OM(
M]`A"DQ!LDAB2&)(79R+AHXLJ($)P1ZJ6HQ_,#DJ/DZ;116*OL_JCI@QI'`J`
M!*HT9=^,9!^[08!&1*WCW)BV1,\0T".0RCFK"INRZET;WGXN"M?1660%[3:*
MV"GDQ]*/B7)'TD="0N5V=0^$PD>&IL#W2[];]/>Y^T#R2KO*DE8J4V(WO,<:
M0[,X6B@_H9&.??)^0H/[9G-M*8/_\LLJN;YWW>6K=WXR#:)D%9//L[?18DG"
MQ$5BOY+`38GW-DK2A!:)>N,FQ/OB/BW@,)%\!]:^":+IGW_[G_\#Y?TOV>OX
MU[ZX<?KT'0A+L$\?3+T8)O^J,@6RX)>O9/;7%Q^`=NQ]=:W!/WH:(7.N-?/:
MU%_\;0L&[J+`&P(0\,MWU'ZU;B@2.'\4RB"ES"&Z.'?Y,FVNV5ZA&`Q#FM4T
M')[H\P6F,UC214Y+BZS,HICVIIR!/+C!MA:57#'$]#THR+39EJ=$LQD6<`.%
M`<_[*4@2ELY4L!X8+9T)3[K>P@_]!`9,_0=6$PN51K0D^!?0$/3+"7QQZ?KP
M]Q#TSMP-9EBI#XE:N/^*8NRI25M_S0%2)+Y1OL^1#*P"?N<'`5""(\%K8^(O
M[E8Q:`7E[HE^O_2U;**4")QELG6:]-],M6%_-N61@#+\23=&JJ%-5/C)--6Q
MK=,'?M(M2[4T2X61DR7!_I\D>-JEX8:.HV<%I5#A#73NNKK^-IT3;Q6`[O\2
M1P_$>T>`IX`7[S;T_H#UXK]]]@/XPZ]N\I4D)'X@_[URPQ1@1Y(+U>8VT^;`
M%PI-X(S"6:.\<U-7N?HC=%<@F,1[>7%Z_=PU?%;2F,"@"Q"\)%.?:#ZYX1-G
M@&6_!CU+I4J).$[N`2<QPPF\\G'N@RH$Y:Z``%&K`$PKL`:#)^713^>@W/&M
M?X0((^5;BD.I3$,N8[+$38&W2E;<Z32*/3>$_0&_2;]WO_(]@M8X:-X$K78_
MF1>J^MO[MTRS%[-PZ42VZ6>U4-!([1U:@KA[$&P&X1;-G#*R<)#_%0%#;H"1
M+IOZ;9)$4Y_-X0M)XR@@JP66Q4Q6`9C*:7(#0X?N/4'[4B&+Y=Q-:'GH=`Y6
M,V=:F=H82V?.@1MA"@SS%S`X&L7YKH</X'XW3=F6-9UCQ5^<90B+6RXZ?4>F
M$2ZZ^^#Z`2VB3+\/?`.=%BW\*>HVMLO2+1?YYX<>@"Y^XJ^]V%UHZ!-DVQZ=
M0":8##D<:)[R[WROH]U._$!50A?,+\`UB#,3C=(?E,#_-TA>PJ7[GD1!=(^W
ME_1!@B<U0FB+<@\W"H\L`%5HL3'D4O&-B9M$(2_G37N?HQD9`5`!B8L%GO[<
M`$`/B(^PZBP^"+B<K=`J5)BU10^#?X;18\B%)_+AKZL0;3/R`XQ$:@]F`*^8
MB920`O(7@.WCHQQ].,>V6MY2595DFP:#?F:WE,Z?QZNL?TPN#+*8_GZGH+C%
MH#=(W5\)NI_K:K#.*Z1FQ9Z+&5Z]N0N2FGVL)?>;S>03VQ-S<O&,M'T5E*O?
MI[.]JW"&L4%<^^8';MR"<VI*1^]</V_1RA=_ZR/BG>%@KWHDAB2&1`CB?#:W
M+NO&;A^G'.<M/?C=+N.2.<'<(S4C2SB]8UD0MG'!U6<;$W35D,ZRSZRBND2;
MN&@;J];0*_@+99'G?J/L2(:<P$-W-Q>Z#W[B1V&YK=DRAC]&JZ3P1TO#:A"&
MU94N5H)G.]^#Q,W1<3,:3X8#G--7N.A5(W]9Q=.YFU2Z=R[\D,1N0._GEH$[
MK=G34`K6B07+&@LE5M)3,C#\./H`\2.4\<SNX/K0T^]_I"1,\N@0I`OOF3T_
MH=?6OK2:!R)D#<ZJXG-(PN?8\#'U(6[R9VY$?W,#DD@+>OC2=5;I9A)7$E>B
M*O/^W-6E"**>/"9QY*UH4DC+=1,DUHF/\EPXDS"PZXCDKIR8AEG?#MN*S5,[
M-B5"SQRAEM;`GR,D1$]_;*@Z=#J5A]O*B:&2*F1*N;U<N37M!N$SIQ+;@XU7
M"=4S@*JCCBWK7,`J]K%&1N%(U\+V8G[&`/W!$C_"X.=*IW5`1,*0X&<"&8\C
M1:O>5:]8\9%2-0\,/Q=[U2OC<:20'4W(FGA)Q>>1!-#1`60WN`D2AD=G;D;+
MB)PSD:ZSBIR0N)*X$E69RX@<>1DUZ,NH*\,1_RI*1N1<,D)-N\%EC9`0/?VQ
MX301.9:4V\N5VY$V`+&5$3FGYJ@(4+558]2@N(+88!7[6",C<J1K8;N9-Q'K
MWE?6Q1D(;FQ;K.1PP4\",@Y'"E:]NCA#O*"3^!$&/\Y$++T\0.M9!N)(*7N&
M)L,<HI1)`(D#(%NLLI(R$.=>!N*<C72=5<"$Q)7$E:C*7`;BR#NH0=]!79D-
M_-]"1CE(A)X[0IL<%82$Z.F/#=L#<8R;4<^A.*..)+<C2KN574J4XD6KNX`,
M1WP;4-U5G(-]P!Y#R162NQ*T9PU:U6C2^41TV*YO0;_0/L_%GS::6P=^2*[G
M!)D)I-SH(S';50^O^SKK?TLG4/2ZC7FO6\6-B9+.HX0HY,>23%/X+(V4.Y*U
MO,??YV`8W,^+9O:/V)Q;5<B_5_YR08"L2E-[94'@A5YRD_4]7Q4]=BD5^=A7
M+[[\\>[%2TK#DCU;H6LG1;,X6B@AS)E2HD0ACA'[08#=?:<Q<>^)$L7LL2K5
MRN,<WD#)<.&%`5`,I#T!X_\%7\`!0\]/5S"XG\#G,$,Z'GR&HR^6`<$#[(WR
M?4Y`.SR&CVZ,1+,`+;1&(C^@[`A94V;EWDWP5<O8A[7U8:1TCC-)5D%*J8"O
M?'O_5HE7`4'B?#!E^+!*LJ*_<(8P'A0K^.BG<S]49D"_\D3<.*'#WI&INX+%
MA-?B0$L7S3U_Z2+5Z%2-0@*\@C=/29+,5JS/)G+F)F]_K#S&?IH2G,U,\58$
M1\9WY2,I@;_P4_9*7"9X+7[^/E#>^N$T@@=)X/&YX.?P6$#<!-X\QP_NGG"Q
MN2L@;\:,#\(Z!4'N^MV8,1]GML+UN3E3:6VBCH8^5?CR';T&6"W@_4^9/&QK
MV+VU4;?B)IL'`!:13[^3%\NDHVQIZWUQB$$3`O=A90HBSTV(O[[07M#?DZ4[
MS7ZOVD9P)`S<90)&1?;3:R7KE:EI/[^H[/3/'38;G"D%M+%/Y-(!OL/RA']]
M8;[82>ISSI,R1*>P;9/X\)E\+K5JIO(<*[]49WCUYBY(!NY0$Y7[GYB1D9/[
M*RC$[:N@7/T^G77J,SK(-=2555O:)+)-88N:%_1J[WE4G5S_739;CGUAQ[?4
MD5VG__21O*NW<'()%&9;&?4PM+LONG@NJU+'[V%ZK\H=U07Q9.D32[6-YBW7
M17=I281+A/.<7]4<353;.3^,7^[-85=M-4XM[\,4<D$$VS`=U:J[=8DNRQ*T
MEP%:2QUKCJJ="VR%"I,\U6[454D9*=@#%FRCR4%*=+&6H+T,T%JJ-M95J^[9
M2'387NZ!2(922FE^;8S-^GX.T659@O8R0&NIH[&E.I,S@>V)#T0GE\X3BJ$P
M&#A)VN7P4BPEAB2&1%"WAUO\G47(;`N<'$Z,C&C@D#(D];#$T&#T\!#O`5I$
M7,GC[#D?9_61KCKFF1QF)6@O`[2FJHU'JF:?"6S%.!3(N"@IS:?9@HRQ:IR+
M/U6"]C)`"UN0Z:CZ^$Q@>ZGG(1D7)05[[5):L]6)/!!)T`X*M*KN..I8/Q/8
M7NZ!2,9%26E^;3JVJLFX*`G:(8%65QW-/-^X*%EB[E0EB/AN^5PMIJ*8V2.)
MB8+UU%98WFV58'TVK.VE&]<+&'BNK,)'NDY8_0D,"EK0;<;+D,5)>NVY3]?1
M[!K^P+^PC/TI$$7I\$/%G4Y!YMQP2FBA-&6ZBF.L5)?76KN`^F%GCSI606\=
M<@B2MP`M-WP"P"VC&$&4M4GUE"]_O*-5P\R;B:W<36=$S4K5`6168<K+_9F3
MG_$I/\7*>ZD;E-[`2Q7R2G^4!JSREX$;BP/Z">#T?D7K&F:%_Z91F/A)2@=W
M\27_8L4-';-4RO#*N'$H52]5Q<8G&6V/A-=7!&I1FG3ZE?]@-;\[,O<Y%4M_
M25C10S<#?)`5V\LJ(,)61)2K&XL-`LQRTPK'W"")LK$25N>0?\3Q9-FO@26P
M%JR0&/(JQ?GBRYGT<8[!T![!>HHH=Q&KW1?XLUR0MU&(,[I1;F<IB<O/L)G.
M@<GPQH``UZK+_(AU`X%H.@@E`MF351E\(/R]G]G`-N=U^0W9C)4K_<;.%L#*
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M54!1".9'5MR5[AW>*L:7%@(TDJ`9_E0#7HOT"P=!9M"^I0"@JGY/0"UE!/V^
MX%5&CU01E)T2.???`L%WL:\J_T6"!X*^09@/*/'K$OO[=R/.W`588:]:</A$
M;IA:!)\ZGK8%5T_HV6I![2FC<,^0N1*O$J^B^`OE7B-E5RAAZ$AVRS6Y:_V/
MS<\<OU8^\:X56$@:*T:3)H6[SW!]).2'`?D/M"=(,]33TN&$-;!Y&R5I<CY0
M/\I.MU&M^I2['GIFU)S0.P+G7^K!A!,\MJRIM[3K97U%5Q&ENK)#0.7VDKXG
MUARF:ND3U;2;U38?+,LEMIO.X*?!09H6#53-%A78AP#IDX3!GW)K^\J[RY4#
M$I?8<BY:)?FM=.?&B[1\AV'Y7DTL4]4;9>F=C+6='R8E2`<"4LO"DJ!-(J?%
M!.EEN!#?YI?>111\&BE?WN4Q3E*0+U20#=U2QW4#B`469`G2,P:I#2:194P&
M#]*!'75Z:M=Y"^_$*,%2GTL:AP5C$:_[-1:DY>B^S!$<DW<5'99BZ&LVG>7'
MV).Q.G9J'J:V(&5H"R(%0XQU$%PP3-K383*VSUPPAG"\ZRTGLWJ%1D*OV>79
M(:ID*%FE@L/W*!/J3*5,;+!(S9KW;OMR40>S*E)$3G]/)[YDV*JM.ZJEG;]D
MU$K@%C=O8E!YY0-@X[&):<WW]UDJ,,LSH[%G2DA29>HF<V461(^8#;Q$9SF,
MX(;Y+2U:5*7'8_)`PA4,1G-V,=TL2UEEZ68\T3C/FF=Y\CP?GF7\TJQWF@VY
M+=_>#2),^<2TR?RB.$N_9:F<^,(I!K^IY;%3]P<\B*_AU/*,)QHKQY[G6;8P
M>N+&3W@]P+Y/E&0UG9>2H3]%\.WLQ9C">T=(",OBL=QA#_DT]5W\6.7IO73Z
ML8(9L'[H^?!YR@9E[W;9X/<D)!BK.HWB9113[@)GYL3U\,M^F!(@(E7(CR4)
M$R)S]`8_U<\98ND<&"`0HYO`!<06Z?IW;L)RMK-D<O9-*A6`D"6B*X<OC1ED
MB?U*R(.A,;D?/EWB$1`170HV+<L%>ZT?3H,53:5V[^`E45CZ#.G*J4$9O*,`
M+2D'BF_^<)*L%E0\.=ED&H71PI]2VJ(U7H3,1\KSQ[G4EM11P0Z8ZAT(Z1)?
MB9G5;`:[<F*3.1)=Z*)5*?FQX`E\&\[`]_.->@R&1B?]4V[37(`8GN<$/X;3
M:,%`#T*6:57%3XHR+CFTW>4R>,JJ"<`O@)/81X0G*8A4&N%^`>^@.AL@B$^1
M'[B3E/9'BET_9.@-\+-9(78EB4=AV)1"W`DJ!21P/*#/S[>_$GC]\"$*'K"F
M!!T'J?>G+"?6C>,GV*4P'?P2*L8,Q(IL/=6\-,"&#890B^*%RS"%JA=>%4:@
M-Z=NX&8&&0=7G%4;HK"%D=&0V;9K)"X@BMDZJ#@!DB1>Y*GEH+73V,7R'JS(
M"]LZL,+1#UXBPR/X!3^D8"Q(R;8@I;P'4D-P&JT".!D":_T98)A6TWA`^XQ:
MF)DPN`LL=,/H@"^KO%H22&SPI")':+QADM4TR222OAOWCN+U%R`3YZ[8,YG(
MP,%*)J'VIG6RX/=_KWQ:O\9-J3N8NH:Y?0\:,IBN&"HK!X:*^KY;,WOR*E]9
M:2^8UY\D73_1,.D!0<E$"T6*OX)6`</1@1@@R7.?\$'B@ABQ5_,J'>Q96JF#
MTHY%0'B5)YB.KOVLP"[`/LIJ.16&%[S(#U>Y].<U?W)+;-WNRN;#)[%*>#&I
M4JT05OKL)\>Z&5MT[+N[H#1'2L%/YLUH,J*?+J8S_+2D5.J.9/&1)M:-86X9
M28%1;&?+(%E!J[H#F7R@\>AFM'T@X\:Q=\WF3*7J8M0&F'0H@9[_'P#&@KC)
MBIT72H*VW4%2+0%X]U18C1OJH:03RJK@*B]R14NK>?1$E'E.X!O*=.Z&]ZA"
MPN"I,#13U')XG(%OT(&S?7@%D`2##[^#IB3=_ZC,$RPC6-)^+_.7;7,$;?7A
ME.G.?"/<WBR.9OP%U+8&O0(_PR1SS9GK7KKKO^0'.3`:4'%[6>%#;@O3`VA^
M-LXTX9I#:1<!/K7UE9*=7Z8#7Y334K'H*0VLG!DKNKB^+/S]F?$/.T80$]=[
M`CKN_21`&M;GA2,N8X)?60,0I7W=KL^.!YEMCSQP'UP_8/8\O-#G%M,!:GZ#
M857*V"["2KZ%94'@_CMV\(&18/NY`/UW*9J0P3"OA\BJ*OD)+ZG'S*4D77D(
MR[RV'>J]$+V<>:7$)4GC*""K!<@7T$I(S$&:K`+0M6E6KA)AZX+`^POJ0$T8
M$14W[[]7\+R?RT&<_;VJH0I7[=?<\B^G&#%9S]\+9K\R!\T,."X=!)`,4*'L
M:$-U1$)G#33#BV^#),+#TC*(N#+(G&4*%G:D(RQ<5`,N=5"57TSE!S8"=E)7
M4$DP@XU-"K]6.>^P#8%J_BUI4MO<ZO@:(-B/X:@4K/@)ZSL6;83%)*S29*-M
MCI&0Z0/$0!BE2N8LQUJ@Z-;&VH</15E;EX]/=NP:)0_DF0K2!>J,^K`J;7Q@
MB>PMLYQIB/P**N&;/[N/RD&VU7HIC9-M5QDQY7T+_HPRJ/+"F]LZ2I_%0G6%
MR;LH\(8PWV\E0#)O?@'*=P4HN?_I$\'J?@"8#Q0P7TG`;A0Q68AIL#T=Q\^'
M::U!TD/EQ2+RL$X`X[-QBD?NW+V/`&$BD('OL#SA7U_H^HN=M);1."5X&?U:
MV1_E>_A4Z*Z04VOJ36)O)%+Z1(HI%E`Z[&(D.;O.V:Y:%$K.KG-V;U[.L9/E
M^)YKY>6O=C&HL[3LM2)GY2N6>I#+*G9M4GS"P.+U\C/]=A9J6,WG6:HZBOEU
M#-4PQZJFM:S9(T([)HFS`>`,]-K(D#B3..L79X"QB:8-&V>G[W#:L>50\OL7
M1D0>041#9UN9KB<4-F'`4I.DKBI<Z!-U9$_JR]<1^-2DW(K$S@FQ`V<;VW(D
M=B1V6N@=K/YD#@<[)ZF@<ZSMO!3V7MW/I30-0YI85LQ@A$E"1QSH@!XV;`D=
M"9U6T!DU.)J?&CK"',-[NJ%9\^H7L;<M3^/"7"15PQ;VE[822PP/(KFSNMZJ
M,;+JB^GNFELBJGT)TG,!Z5C3)4@E2$4&J:V:SM`UZ5D[,M;29^0Y8@CG"--6
MG4F#D`7QV20Q='0,6>K$D1B2&#HD+A#TT%BL*XF!Q1?T5;<_#%>EFOV8-)1G
M$F&69*DDE;_@O3H/M`*DQ7X>%KONJ&.[@8]22)-=HO3<43I2;:M!$(Y$J43I
M"5!JJ)8NW1_=NS]ZJ]&^D8.+]#4HK=.1N`^EXKP0`=:'$MM5!Z.Q.FF21[*O
M>+Q8NE3"]1SA.E%-XP`+2L)5PO68<+54LTG4O>APK=5_(SBC1A=#*2CREA4N
MS&KZE0U"Y<""+)]Y2:E?W4069Y'%6<ZWY(8LSB*14@\IXA6ZD,599'&6H7'V
MPHNS?,-B]3DU:T7K>6LL3Z6>NFH%U@896[+>@:CU#JX,53,;Y.,<EVDU+X`D
MO`2&EV,+6[9%PFOH\,+>[L.$ES!!5(?/$WTW6<<*/V0M+'*"UOH<RC3OX00H
M7EFJ9LM<70F=%L<JU;(;A&Z(SR4)H:-KGY$Z'C=(T3NU]A$QTJ>S"QVVK[.>
M)+Q3"5)41$)O=#*54C8(*3-4VQ"KDHM4U$.#D"-640X)H($!2%=UP>JZ#"P/
MZO`)5QJH\>YKF]N\W-2'(5!7INKH8F6GRH/[0*!CC\0R!R5P!@*<L2X/ZR?>
MQ0M'O.*MB))&.37+50P?8#MD],?G_>D7?DAB-V#'^\"=$BEL@Q`V0W4<L=2T
M/'0-#$*Z:IH-;D[%YY*$T/$A9#EB[?D7=VY__R,E(3NXX\9>:CFNYG3!7I\H
M,294$$_ZY@<D7Y9J:W*7EQ`ZI$Z9.M;D+B\A=`B$C$O=XX4^X,.)G55<SPF2
M?="&(U1VDPKIXO-(`NCH[E9=G4S$,@ZEIWX8T#%4?9"E:\_HV'X[G<:$QL.7
MJF))\1F(^%A-BO*+SR4)H>,[3AU'K!ZX$D(#@Q!HH<EH@!`2\5S>4Y&$<BTD
M)`Q.[&E>+[R(G"_*7U(7?I3.2=QR406I]<!'D75OVYWL,'A/EA"7(!49I,XA
MQ2^/A=!SJ?<DH7J@/IT8!U06%D*?GI'OHY11F.RI%R[/(8,XAUR9$[&N!Z47
M>AC`L=1)DT8YXG-)0N@$]4DFXP'=@5V0[V-?)Q!5N2/W?AAR3\@3<:6_XX+M
M\T-;*<C3I$3K$=%Z8"<%B5:)UN/JUE&#"FYBHU48)\A)&JBI"L'KH4X-)MG+
M![\\L%X^LE.:A.N`X"H[I4FX#@BN%],I[2^_K)+K>]==OOHVG1-O%9#/,]9J
MZQVKY4B\V]#[(_2RWS[[`?SA5S?AW;?^FY6)\DGR'2;W)HBF?_[M?_X/A.%?
MLC?#(W%*XN#I@Q^ZX=1W@X_A+(H7+L:^YM]2ID`[_/*5S/[ZXD,<+;#=R;4&
M_^AIA$UEKC7SVM1?_`TGD#?S8BVWJKVVSJG[%WSYCB+2N:%S^48",L6`H9RI
M2LY5Y9V;NLK5'Z&[\L"^]9@;\BYG2P4<8O&HBN)]M!W2P^_948J>:>4>:>L]
MU#@EI<9H.UH"'-+_:@O!6]5\W>=*G<6L];9O&:/0K:RI"O[S4C&6/VH=4EF/
M'CJ%#Q^_O;W]3<D[0&TG)(P>8W?YUQ?LOSDMVW7CUIFU.`4>E\5&4P[O8*BU
M37GPE4@6;A!@<Z3U"=-W@3"\5JJR0M^8SBNJ0/GO[U][72I1.&EVSLG8NTQ.
M&IUS,KQ03NJ=<S))C\O)O8IX][6EDOVK5A,TW%XWN(`,J&=>?RXU,HO!B@U7
MY/E#4ZE%S+[]I`YL-M^X3N:N,;9;%3_5'\OX><OIJ-EHHY&NCB=6<Q2UF.\A
M/+WL57(FFFJ:+8PNN4I'7"4,4YE8AEPEH5<)`QEMU1Z=7)K:;*ZC$>RK_%][
M-]=#-M0EB5W:EOTJB)+D)3;VFOGI\XO4$:YZ$X$#@7-EZ0:64SS<XFHV[DO)
M></".+@65HKD_&&<MS55-\;]\;WQ?,Z<WV"-:_;D)/SN]:QWP':$U;#X1L1+
M85TZ2*ZP%\_$Z<`'*]5A0\[KSD@U#5UR_MB<']NJ,;+E1G0L?NL351OU:'`-
M\%RTL1$I<%!2DKD;$X7/9*1A-&+B3R\>/U?:C6Y*-7D"MFL]FH^2[=LY`%P_
MC:Z\5&[W:(&=PQ%I^\[D^<$J)=[%XT?N37)ONARVR[WI4O>F(@KXR&&6,IAS
M4,&<':@'&<PI@SEE,*=XG)3!G#*84P9S7DIHTV1DJL:DA?TI`]".N4K66+7-
M%@X(N4I'#1/4M3'\7X9SBKU.D[&E&FU"9BXMF%-&<;)`@K%J&3V&SDB'V)H>
MU6Q5<V0(X=$8;F"4LBT9?C2&.YIJR9C-C0M)&:S)Q%$UG!Y3!J0P;FSO]N@T
MPGB1_-8GEJJ-3G/E=9D,MU7=%.:*48@S3K';R(C,O3?3FA13&75QGMS6);8O
M,L9%L...#+R46Y!`W)9;D-R"SI3;XFQ!ZV&6VT,A=Q<R+4JTUBNDNEY^]6T4
MTM`5^M07^&GZE#_;KNAJW1*F6?`FG96B]=1*$+]\AS]\B6&3]9<![[8<S93*
MU"E'Z8,WRO<YP:GS#XFGS/(BJDD*?UB0,,7FA--@Y1$EA:?=Z11L!_@CO/9W
M\F,:*>]#$M\_P1CQ,HKI"#0TQ8=G'N=1$#PIT6/(*_@GJ[O$]WPW]DERH]P&
M,`PPP9\!MD*T#6!5P3Q8NN$3G$8#H(2P/M!I[(:).\67PQ^2)`(2D=Q'/YU3
MLBJ3B-AE'CX[=Q^(<D=(J)``VTWCYS>4`PVKP`JSRE5QVYQ%(2;[`+\N''\D
MY//L/6_#G0@D#A2H!6$(AMLD62V6='W+6/X8*LN8+`%;X3U=Q1U8QLFAMO#3
M)X8?#FEV^9N)CG)/`-<NPA<^)TO$%?8L!ZS]$6)58>5;2BD".;A=P+2FK@KS
M"MU[.I#B,^&+R;]7?@Q/IQ%\^B>!=^#8\(=_K;Q[2I*:MS]GTW.+Z<%P;JJX
MLQF9IG1HF%\4X^#N(I=">)ZD[*N![][Y`:U"#7^&#RD-^$44#'P8?][*%SKR
M_H%XH!E[EOQ8DC"!7[P5,KST)<I'8$CDT37!&'.<C,H40$G<2].&<\`J81SV
M""@!D%1\#3;WH(T^EK04MQ)5PMYHW6VJ1M)YM+J?E]E_!^(.Y"94#>4#41+6
M>8R#Q\1-HA#W)Q66.UT!;^#]JP"^O'"?X&`"G(D5?$?L4TS,0"A@SE%"BK<S
M=9K]FG'[+=-G7&XM^S77RGPJH)%6`+/*E%10G/YT#AAB7`'LH%:$LQ%P!S".
MR@\YBK\%A/T(ZP2L_T])_\*P?DR9`924.0?,7.)^#@-14OR$$KJ(DK2BCOD$
M:J,S*<&&<^_F!-IU2T)$H1.K>F[#1'"3^6WHX7_>@]P^N`'*AKBV`M5\2"U=
M&OI#B>[UC3Y#(JX![I>^1V)85-B$YV!9`J@#'[[L`:KN<"].TGC%=,-R%4_G
M;I+MMPN$+%,R%"(Q0?"$Z1Q^C\%@3!A2X$_D"6?S)QS[9ZO02Q#(=[!7`YV4
M"%+06J$0O@2F`/P_H<^B5KASPS\1[E'BIX4-0@$(`@KP!P0R+H)-0M"0(1Y7
MW_":%6I@W/]QH-M4^=V%"5$23%VE=;K5LJR"U>`QD7#_%<6X3\`\49%,,U;3
M'TKD,\;`A$O*%3GHIRL4E>KL@)5@>:=4A8(A!$:.QQ43+$&4)+P=]&HZ+V:*
M@Y9T&JH&_HJ(:PC\=EEZIS!G>##VDS^%D\):<K8NG%_)E,"CH*-%E\C;;-4*
MDF\*853RC^/\8Z:'F9F=H+7KD=*G"=MN_A7YF9$,.IE:U3%#1D6[<V&-`>IO
M&08`+$`R[*.`E#LJQW2/4`@P?L5V#&XJN,H4)A2!/?/_)24H`W_9)HZCJ(5I
MI-(M*IR"E8];(_#D/V!>;YL@/`7RR*<0Y<%V[CTH#Z9DT%+G--"#+MVU9C.P
M;>`IU`6H1$#QD#4K@-LD/AA"N+-Y*TQQ4QX)J#4_H?LF;)%(%3OK!-@W@EE)
M3\RH*;CLT[,%Z*]<(#UD$\PT>L2S"#ZPP*4!$X[*&_9B26>K()=3-DKQ!7QP
MXR%\36;EE%=DC[4`F_Z#'ZT2JA]`7<,:Q4_/:I5=.H$IF1OE`U"'@Z*9E:"=
MA9RCNE$I]")-?,NX`;^8*@Q3FB*.2P]8.6<VN2*:_MFM2M:5SL?0@[?&3]^6
M8'4!%^GCL//E[5^$54)9B@C0J'S)+;ZR3<"?H*M1M0NI3<Q7#_=26-15DEGY
ML+*H$4`>%P0L8-J%KSA"W2A_4$E/YR@L6QY0^7D]88>*%>S.<+Y*$G@M,T>!
M$BJ]\-_21_`&V"D2=I1`D`=E9P-ORT.M7703//CY-*;NTD^99E**23ZQ0PR\
MDGX)1<G/'1U)OAU391NZ`:>7&;SP4@_.=-,4C(N8!-3E`!MP39KN5MC#B3!A
MS3PK.!8;HG@A%WS4:&S27.W"@\S3`IKP@<1S`L8*+%`"YDT`QZ5B**[RW#A^
MHKJ6GN1V'P9`II,H9T%N]G-5B(=,("Z%B=,99=1.,5ML38G-X."AX-Z2'X(V
MOA[=`709KZXR9>>\OOWZ.?ME_/HEG()`K0!!JSA&!?YKONU0DD`+T7V!&IW,
M;&)'N6D$&N\_!3D)F!?XD.<GU'YD^]T.+@BGJ^IKH'7=E3]1B#_3=H*;3^]_
M4`C"@08QMD5CK2U9V7A:%U22O8M:4&5=P!Z\(UPT\/#,K00XQV9>CQB/VPGU
MYX1@>:>Y#VD5<I?$&AGTX(.GAHKXPT/_`GV19*]G8U?H0^489'Z.S!%`'YGA
M72WBESW"[+F2_4#GFNM41@5\C9W_J3D69/HK'XT)RH-/'O$7L`B("_K\WWDO
M+5!G^0AH6I6<";C?1]-,)JFYDRL6JC+S1W/G`CIO9R3F;C!*ZG,+H5Q1K]5V
M;P=S1)0='B4=\NX=^]D<O[XM*1.F3:,H>'FC?,Q)W$I<^0T*?@5U$'J(R.;'
MJ(:%4QEU!3]3&+__G[>OWA(PB</[[P#R02@)3J^"!)=51&9]E.P4NA[;31$X
M[_#WI'BD`K`"O[B#EKA@!W.18$`O+)_U;\$IH20B]*\5$7(I#=0#H:(H\^^K
MV19U%T5_%COFCIT):$!1Q9?@F#1<CWHXZ`X[2W'>[@\ETUB5#9@=G=B^"3LQ
M]5_,P(3G1TNN=Z8QJM!]KDGZ`;,%\60$]H=[3]!M/F76"!T,?H4YZL8U]0IQ
M9[`R)P&H8;!NF'.>GST"?T:)+`P=91FLF$<2Z(,WPH>4Y_`%:EAPCU(^O2VJ
M&$1\IK!YKNL9?!O.<J<3MF00<5<255A\P?D2EIU%BQ4"8@[XY3=DN3JDWM,?
M:,%2^]"-T:E-/?-X^&8.='Y+,./M#/W"8>[2`]1JL6(&85GM9.8J>J3@0`O*
MD(?1F-;K"J5,.S[&?DJNO>@QO,D?8V_@9&?V*-/8,*UI"2(,(:4S>VY@JH4Q
M"^IS!1"`<^GTSWD4H&?Q_Z/F-;>T<\=PQ@5AE&8=Y;=N6;TK[4OOLET)5.YM
M:4\27'^^JVRM[RI;:WD:)=U*E^A[:5M&OPX:_O2`N.-043BUT!)?+:@`KDNE
M2H65Z>:M@"_NR+RR*BO;6-RF8E<4V\XJ>-Z"]\<K)F8[;D28_WK-7*(2L''#
M`N>*!]!^>_BR^ZR%>T9NZQ1GZU7HI]?1[+JD#=G&)8RX'"`"ZU)TB^OT-5^F
MS_F1D%LKHHD,I5<I"%9*%*_=M=#E*7OF*O=JQ==P7X#M[I[A]@[^#2M>WHWH
M94.^*Z-?).'ZE`E)[L%0^"$`;TL9[/+S"(=>!J@B.J+J0&1G^63+"=[-+Y:?
MN.M3@9-Z=AW.MW?XC=]:4NLD.[87CE3T6X`9L8R8GS&WJ?EKMO@IV)TRFR@5
MZAOEV^HN@3G#A-'[O-6UP&27ZQVD*[\$KS,$<WT%@->27P<WZC4I3=:,%BZF
ME1OO?([9$95^V_.3S+&&7"Q8R^Y,<1!^NPR\!9K0P$)*`;O\W)89"X@/4&A,
M<6=D^IDCN100\RV[Y\\"@CX7&#BI8JE?(J]S*O@E<.'5I'<+N"(\9B,IQ1,P
M"/$0CNJ%>!['`=^[=V.*[11#C>YYG(2?I.B-7Q,D52GY.1_1L,<K67IAB"_V
M@`;T\.%-#W<J%OM,)K&KA.^K&R9_L5N6+/V2KQ*_A%.M'%*J@H]0GI.8^3[*
MHU`RV$A@?4YQMZ8[(G`O7"U(C-<4E?B*"I.87.:2%/!@"6X&^.&,OVX&9F84
MPY_XG87KX>(!]9GX,,,9ET'-^`T3!PE.`[ID*M.=<S>\9Q>J]$0!2Q2HN%)(
M=A3#,I#PP8^C$+_BLJUZ&6$(#<RM_!DJRXA;]"DRI62&H"<ER=0Y"X0H,X`;
MU%L7BKT0((+T5]2!NJ$Q&0MX=!&[;F'C<2+*BE(T<^&YO7[SW@73!+Z[/P0W
MHQF="A!*=L5;%![IA!NMF;L)#NL[@K=PE^4:"9]"U4!WO2F/N2`+O`&(L\@D
M]L$=21_Q(F[+5E<*%,LWY$JP6$B/N2#[B#>")SPV,IJQ`/UW-6A&!;"`W8X&
M6[#-DH0NW:CP6S'3F,LEK&=^Y<U5$;N`S"T(%E=5GAISE2[9ML>B2)BD<Q<D
M84%($8://4\IU<1,,^0;<TZAGY2O$."CL,A:J5H\U/%:.=_0^5(!Q7WW1KG-
MKI#0(415"SP1Y-S*;D^R:Z_\T6POI]8;O_6A-I2'@7%)BAO"`\D>4TN+%CP)
M)_J[1'E=Y+FS\NE+`$8RG"3>9Z:MX"K@,ZQ\G%VQ,F]'3GI9)<`3?)O('6!E
M_S:/=T!'VFP5@X6)PE^YI&37F2P0L+C<`C!@N,0U5D[,+ESSV[C"#@!;`:_D
M`_^!E`)#,70+91"T!I5!X<!3%Q2;'IK8?Z!2(GJP4(G2&Z7`2WD#H2J)Q1%G
M6C-7430NS<O?48G;XQ"IQ,;SL'HEF1.J&I-,2>(M:EF;I^5#(`UO8Q%I;#]A
M080!?!=.M>PH0L][8<JN8\/[:S0K*_?"/IX<P;#REY22PE2CVC*+G2F"L3,7
M<<F&JYQ+>;10:?(@3P3C#/G$49_2H*=5DAM;I:?9.3H[<X$.AT5R=X?K90\0
M;XWG?`\I^`Y?F!/OGN_CY?#R58SQ>@D+HT+><P)4ZM5.]BTF+'II]HSVS*XH
M&8%9I`.ZZ</\5\;"=0Z&N\;RMP"G%"N.FDJ0`^16S]0NT5]7$N^Y+_H+B;]A
M+JK@FN+J-]JZA)N<0#1"=`&K2(E?=]2^P>LA:KSL:GG"P^/H;G*'IN2#3\\9
MF]^Y8W=,C[0N+Z*+W_O`>>\NNZ&AE-`7`T!6*<"%GEJ8R5OD"&29`>]8KN]>
M`NDA*C.M?I!XZC,YQI!E>M,`,,S3?*B]F3U$+Z02YLL%,ZUP`664\TLD?G$U
MXW!G<Z!OWB"YY/])8VKF/O%'^:9+@^YWLY22<!A;:501\@WE=1GA,91%9Y8?
MNJIPYF6=M<#,&?HC>B+``JV&T["+&[5"ZG4#!&1N]*0@F8>@E[Z@@DD_=5?L
MBATT%#6K$WIY%:T"C'VF>\=U-GWAM,XSNF0SF)G&K7YE*GP`]T6<8*5$<=E<
M*47FL#P?-R#)V@Y;#K5=B]2BD5[,04(]JBS$!8W54EQ&'MG,CJL^6`]T<RZ%
M<-PHW]PL[Q&'P,P9ZC^Z?@04SY\4PI(5BR!I9MHLW2>VM1597XQ:GO,`&Z*M
M@9GRQ([?.""*!7=59=Y:ZLY+?#SY;;L#8&&[_,X>4PS`U$HQX\BGD3,JCZ3&
M@QS>(%7#G'/6"8?\9Z&\COU?W>0-M4(!%(.(-<$0VISB\I$./_`71:8J]P>N
M1<[F$2E,*/AV037MW5,IJZXJ$KGE7+ID`&L,X[E*=P9^*0:3"A&+-V#[G?LG
M<W:4+Y0>HH#NJ3RVH3@@Q@2S;KB<8B@'O<;,XSZN:'0'HX5X+V^43]%6@::4
M,,L]XM$-[-:*[2SIFF&--(;%/DT-8);8,/>7W`R`&:Q=85TQGI:H*1OL>70M
M3?[-,I[*-W#WE7433J*>%9!UB:([SAL$#/*`A`E53)^7_$X6+$;<=Q\(GJ(%
MO5S]AE;+-0-]>1+[DMCR^X\W?A@MT!1B5@\UZQ#)BP@V$7J'ER5E;EYN,G.)
M#3PM#5QDN,)1^#YV<Z<>#9PI1^]4/89NLO4U>*9"<&]-OLTCIS#&M)P_N]V-
MO#:+[%(O*;&P0H+[Z.+%+EXTN:7+D.U7A%1C%/>#I80AY`)(]W5&9#*%4^XJ
M8(%?N86]-@719*N%J*Q+&Q!XFY_IO\11"#].&>\&L9UA]@N@N9B#4IU$V:[[
MR(Y.O[M/-!&(G0+RLAOE=WQ#<Y_B[$T$_RF'Y'ZX_?:F'-?OP[D.;[^W??F/
M)4U5+R<%?/MC/8[W4W2C,"9.@!G1$@ZZMF:_4C(CE5ID`&\PU*99<N9;GMB&
M&:#?_E!*KZ#Y<?0"`<]5N'>QPA8N2^X'91(H+!W*N5%^K]X)XU=Y%AT_5+$W
M948=RX-9EOD+Y&#*+>Y-.Y.^GB_*(9Q@-96*C3V,:Y//LZ^Y,OWHH3"B@Y'>
M'R:W4^8%!4']K?!5WE(W@?<=#9$#A6Y;]9DN2G4\5[2CNH1%Q[YRA[[U#GY9
M/3?6KHGF8"X3\DK)?GJME)KY%17=Z`#/-);#6J"[JL3Q_]?I<N1L:2+84UF4
M+S0$."=G>]3=)O.+:D6;33=V=D#LJWQ+W;8C]8KM'43F3\U8-7Z.*IK1>SA9
MNFIHAJKQKL2UR3L.SVHL;;"O,&-]4?S'W$_)/OFK(W.O%:Y<\DYOG0`\R_W.
M*2LEN==:M`W:>R&SM1RN=<=[$\#J($FUVHH>$V@=D=R1Y#J6:ALUQ7;+@@O$
MURX$N,E>VDR6D1.OE$D7(O(]2KFG'HG*0FFX!=9*ED\HML+`IR9)W6V8CJW:
MIMT!24,3LN:[9`]"="`HI,0<6V(ZI6EH(M/UOM2=.8DW=*UM2"E%QY:B*VND
MCAUQ=IV7XFTV1SR2H>E6.H]M*<+",S9:VG7RC'869[2KL:8ZMB;V(:UW2>[O
M;):QRK@9]61M?BK)>1;BPF+<.I)K2KIHDDV)HE7G`B*2=_108CL[`^HC3=6T
MEH+-T2J,SJS55B`HW>E@8L3UG`8N`BDW^BB[\+I.HR6]ZLG_D,UYL_G`LW=L
MO^";G[MHVZH>FA-3NLWN]M)L]YW<[OR]OJ[=A+P8V[89G-Z`%\3Z`O[",H1_
M?6&^J+5!8A0"B6$/WFO['#X3A)WD;$^<M42RQ[A<CYZ]=^YFPWK+DVP+)WE1
M"6]WP<ND&EA2#YE\9A-Y)UV34[IUI#OIB:VK(\=I1IQ(-](29.*#;*R;JJ4;
MPP79Z7ULW<RV9$$7)8[:V!;2)WULG[3A6*INC3L@2`@>20`=_3+=!`#5C3T3
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M9(#_<,X5`H>ARP#_BPCP/\)>MJ75U:O]X#J=275ZJU.`"ARG8X)<^(M<^*,X
M\+-4)KM.%'\OR>1?2(S;C,N;Y"&)7MXFG/87G$4QK2Q=;[GXC+;4BCSAH53H
M[!+C:&4U1^9(U8V:/A$1\TLDS(8`,\LVU;%9,XQ31)@)9^_VHODS$S@G:E=G
M@5:'+ADG<>PX"=-6)R.9^"3QT]8+,%$MIZV'9<BJNLLPFP[U<XV";E*R!B%9
MYM@"HVAH$6P20,(`R)B,56T\&1B`+L.,+E?CX_V2PWO:6U4*UR"$RP%HF9HT
MG"6`#M#.CBR^+XY*+GK#YV25^MY+J1J$5'&:1GK-#FM""YO$E3"XTDUU8HE3
M8V#PIG0E*+X'9?XYG9.XY7()$O=3C623F1H-!597=;UFOJ_8F1H2J>>-U(EJ
M.[+[7=VSP>DQ(VVQ4Y^<57OLJ!.G9AZ>^%R2$#H^A'2PZ)V1.-7F!FK1=Q=0
M0F.J@R)M1096[X3C!<?7RH6_T(47S?'<MP/C_8\I28I.Z3,_=,.I[P:*R[I>
MXG4A!MTE2@0,H,J3_SHK&*J4?ES&>,^8/BENZ"GDWRM_B7YM>?"\W(/GE:F:
MUE@=6X(7M&A7B%>"]#Q`:L!)SU`-T:NN#*?WY)YB*[V'NG@[C/V.)%R6L<`O
M#ZN,Q95M:^JXKC/G='4LNMJ%)$8'B-'Q:*Q:5LU02D$Q.IP2*WN@O5X71/36
MJXUJL^PN\?(V6BRC$..0/L\^AM-H0>"%[UEQ_3<D)#,_'6*9EZ-`))"E8\0^
M(`E<X$26CCE)Z1C)V0,XNS>6X$1==ZU:I2H.GWY65-JG>V1.$YXV&[6BR2IL
MR$(!-3FE/TN50`&^(E8/D-@3'WNV.JKKAI00DQ"3ZFT0U[?=A;"4\H;0_*!F
MQ]4=.YZ_E+WPY&76E3YQ5&O2TH]XK*NL@K/RYO6"P3I2C9'@EZ[GX@&30#U(
MJYHZ&.8U'4HR/D"T^(#O4>H&VTRG91P]^(D?A<^$`LNKUSY./J)<O1YD,IV\
MS<5+B=9+0JNNJTY;H^GD6)50O22H'F0U"1K2<AJOTN&3?#^;D2E6GJ%V3^RF
M[;Q$)Y3`(6BM7H1(G/J,/[?SUDC0'!LTXI21^5DB9A"(N6H=B'1L-7/L(--M
MT7X"AH$VCM_<'0J:VPKY>[Z"O?"53*-PZ@>^BQ6>AQ@+*M1*=J$]9(CJ^3CH
M!0[WDR&J,D1U:)R]Y!#5[Z58U+P=?:K,"##=#>"5;KI*H_B)N@&4*[WFJ4Z&
M=(D:TG6ECTU5&]?4T\=EF037P,&E:[9J.@/NFB9!)C[(KAQ-M9V:O0X$4F#G
M<CWP+;<)MC=9E5Z\87CQ'%TU)H8PGCQY7S`0W.B&HQIUKVHE<"1P.DPF$89U
MPL5(=G7MKT0SY3YVO16<]SUZZI?-9H8A7[H!*!I:"6&)'V'P<Z6;ZM@2!T!R
M7Q\&;DS5G(B#FH%NWSW=TWPA,7R`-2@\'[;WF(33SLH;"BYL_5\==2^,_=-L
M6>K(Z:K-X^DP(9%Z_DBU5:LS<U8B52*U-YK-D>J,:_;,$ANI`S"+3I#YV5?1
M#)FGA%\>6)[20!)`97WHR\6H3/N44!T(5&7:9W_%Q/JSE/*DCVW64NM\42G1
M/1;!.85HUTQ&/9U8M\Q1E4`]*Z`*O_NTRXN5*#TKE-9.NA55G5YT+NX!R_Z2
M4O]]3G8EY3RZB6):/\,*Q\K,3\#>5)Z(&R<*"1$(RN]N/)TK8&@KF)]'_VW1
MMIN8^G2SN60B\4U`8K8E5#?/@MZ=4?U'&,/W[D,05>S3P_.QDZ]1$'Q@`=9#
MS*?N15W+Q.6!W3,)G`0J$Y=EXO+0.'O)B<OE;;+268=?UB68QGQ'8#\*T0B*
M9LH2OAO5S$Z2V7^B9O_9SD359-\3";)^0>9(D$F029#M!9D8%U^'S_86[$P\
MH2=`7T(\)0K1D,CI648)_S@F`<V*2B,EG<,ID[?W0V]+*QM7Y%`_`2[X90ZB
MS)T:"*Z,^II<?`Y)^$BU=$Y!Q(=/_.W<#>_A&=SXL15,9A'D%*%[(?:CF-V\
M2*F34B<,ZR2N)*XDKB2N!&/=N3@/OI$T#<@"BZE+,9)B)`SK)*XDKB2N)*X$
M8YUPSH&>XDS>_UCZL<N<!.U62)#PEVJHG&P&?7S9E>W,)8(E@B6")8(E@D7V
MI?26<%8KU).$7M,@SV?%72;,X9>'55&@47RHK'XAL2JQ*K$JL5H#JPVB547'
MZK%SD7N9SC!28YNFL^Y.C'T'M#ZXF&6;?`R3-%[12S?L1L2NWS[//OBA&TY]
M-_A"XEF$E8^GY#;TBC_SN)W?HJG;;6/BNRCPCLCN8^%)9M.*[!80.#-19M.>
M))M6N-N5#D(O>9*%FR0D35XIQ2Y0*CZ6[P:M8'?>5YHUS<RA>.*$L2$EG"2<
M+L"'VPF@/T4A3Y8KFHQOZ/.#];@PYH.\KSFU6(M]7R,1?!POF02N@)O4,?I#
M',Z/:C,(MEEU)-+2^WVH7!_?^]V':(OF%)<0EA`>.(2/<HC**NH<J=!9Y@`+
M?/?.#_S4)\FKG+)#3D]\'F-9&:@FIW3C2)6!NA!5$0L&2>R)CSW+4B?CFFT7
M1<38`(XH?;G4RCN$]*L)@$7IGA#V!'/Q")9^-8&`*^KES[&:K99V+NFA$$3(
MI8=".MDDA'L\/8D.U5I!TFO_"H80,[TM3+GOX.(Z8<VE@5E#H<_AYW1.XK?1
M8AF3.0F3O,/0;U&2##9Z>5B1QE4T'7;8V/JNX\6>YH&Y0Y^%=6*G3_,K`$R#
M@+_]AWA*`+*+-<:C)0F5,`I!1WKW1/%V.VS:>%#K+%);-]Y/G7HKG[?ZNO$]
MUG[G\'EZ5;)#.F'>RX$<6+.E^M7U0^4*)>TEBEJ2%^G#'/'6,M>MBNS6%_0\
MNCMRY>B:H6KVI!=/R['WVH$NP=7(4HT]XGW`$O0AZ,>(^-KEI*)^)N6^J@ZZ
M%OO22?U0U+4Y7^_>.KH[%3>5^F:'V0[D_@+6X&HR40W;Z&<-GA/\OE.D[^*=
M+WJA_-+D`'_0,3H[I__^?]Z^>ALE:?*5]?SY'GWV`SCN_^HFM]CIE_JJA]B(
M=UB';Z$<LB>Z,Q0X&56F^<JFN4/CK%!-<_<RA>OWPV?])8Z60/Z3XD[_O?*9
MFSHG:(J[W*O]<#L!@O@HI[^GZ^^BLQ4)QV6"7'BY\'+A+V?ACYE`\7RG^/R`
MTT,`$NR)#T1V@^\I6OU8/91-5=?&JF8-N(NRA)GX,'/&(U6W:I[)),@DR-J=
M3=6190P78R*>G7LQ'?X(EPV,!W&D3!BDR#)1LNJ8Q-4P6"=Q)7$END.ACB5P
M^(3?_U@".32V6TK2("1)'ZF64].B%I]%$C_'QL]$M:V:R3SB<TC"YP3JQVD=
M(C'D#5N\&_!WY($$T1*#PJ3P#$-X5,>RU=%8;M\20JTAI(\,=3*V)80DA-I"
MR+!'JFX,#4+"'+M[BDA\ZR[]E.535HOT*C%)_9BG>MT!*:[LP7[A=:\,QU)U
M:UR/8+'K!$FHGC=4=1.@NC]"64)50E4(J.J6JFEG`54171ZGJ\5&\P$4GU47
M]6"58B7R`\4-/>7>390ERR60E=HNN<P5C893C;K12J)7NI)H/6NT&JHVUM7Q
MN&;\ID2K1.L)T:JKECY2S;I>2]'1>NPZ`EF%@!8)_.7<_]O[^YC<PQ=+GJ;B
M=<!P>-\JSE^995B>7VV`TQ"S*_!I4,4+9.5`\6:Q7CEPF+,P3WR";9K!1]_%
M,N[V'2;;Y*N<MB9?@]P02U.M\42U1NN+=Y2:AL/GGTF-(M49=5C6\*+X9ZFZ
M.5;'UC'X)\S](_U^EK"S0_>\VF!(TY5M"ZZ]%5'K?K'.@')"8D](;!=TU=><
MK.[^1::IDD:*NXB`NO\4,?&U@U@:+%UGJKRFHG1,=3+1VKWE`'(D7P;*%]U!
MR\[IBS'";*5;3T2[E$08P9'E,$5QF;5]6Y9#EU67Y<K(E3G]RAS;D+N43=;2
MU)%MJI:UVWMRL0:(.5(M6U.=/2?[R^6-I9K:1#6-\67:9_2EOY$D4=SI=+58
MT;LPY=T[-AUS_/I6;BU[C?N)ZF`2R63WQ8'<X/M?A;%J3D:JK<NV(Z=<!4<U
MK(DZUG;OP>=H4C7O-=$,.A?0N0*X/M8UL-YD`Y%3+@,(L$;3V7KJ(2*7H?8R
MC";JR-@=4M'/,IPF%DNL>**<+!8BUG&<UT:;U[D;DS=N@B]=+$F84`_H;1R[
MX3U-4GSS5#SRQ7W"/]T^NK'W>4GS%G^%!]/D8_@%F!!Y_Z`K0;Q;V/C<>T(_
M?`>T?W#]^.]NL"*R)>S^P"XF0?4C'.N;',W?N_V0US;Z<I>NK?.^KD*==/U%
M\Z%;!D%]B&(EG1/EB;BQ0D(/#K6_N_%TKIBZ>K#]*!=S/6ZMU[5\-KCP?.>]
M/QSQ?.=]C`#&;N1X/=2Q.6?*D4ATR[[V8,]69K!I*P^X:^_$P%KLV8'JI%90
M6O/IM8A6:SY(83R/;D:[#Y'=3:9Y9*!<';RFN7%VJW*Y.AU,J)-E:GEA>H3Y
M=G:;<EPK;K?&_WN$Y\C`3Y]`XT_3*#YXQV]UY]8O-@_%HV/?&/LO=@^@_V?)
M\2T<=VZT_=?%DN/=<KRESA59T?9C<1^N<]_Y#[Y'0D]Y\DG@23`*#T:Y)G)-
MY)I<H'7\U4_^O)[%A"@^NH](DBJQF^[VB%PP%(V;T>YK6VFP=<]P_<;IPCTK
M&7[!RE94"_G]CR698B0H*-V%<N6']"(M>2EAN44/[,]Y$X/X,^3[_HPZ,6@_
M0[8+KH6?C5EJ&%?4IK:4$-$]&Z%&TSGQ5@'Y/-M.UK<4OL0'YN%+3S)>J.]"
M4+42.!K<G>^5/Q&K+/=8".F@F7Q:+>Y(7*&V,IWU%V]KPW$7*[_L?'[F+OS@
MZ54CID8SA0KOEMJZVU@M`7#`3#)UF]/+]:[R_@>)IWY"E"^Q/R4G1<:7$D(I
M,"0N3H"++$0X1\A7LG#]$'BHO(4WQ^XT57[S9^C#4OZ)QZAZ"R/N.FRR_7#"
M/@*C_##QIR<5J+_G\59UA.A49?6TYPIP==87[_,J35(W1!P6?712Y789^X&B
MJPI8?35K?'/:S5UUTHX+ZNT!*T(4Q-VD[MGE[JBR\-A4G9'6C#:A.7?)8*M9
MU/K8&+-OZC8%D`@3'&'"J[,;NV9SW4'P[9*A)J@RTPU'->V:/8Y$!)F`M4DZ
M[%M$/:3$:W4,/J%H"8..FB1U)$PU[A4.HU,(UDE<25P=Q+K3X>?T<.D/':U(
MD`LO%WX0)MJQ*G\?Q([L6D7::\/85Z\:>`N/P**7$C:#@(UU8];TR@C$(+GW
M7N3>*Q?^0A=>0+]8C9X*!S'F0Q3/B%^.:XABY?V/I1^WM,B$"23AHW143?68
M\.^J_/VIW2>'5'T]J?TC$2P1/"@$#PNPI^=7$PI/9`-MA=[I.2>1)I$FN@G>
MM=_S\+F7XBDQCI*6),T),EE`9<UX`NG).K$G:ZRIFB:.`U1>3!\>0'0,V-A9
MG08)&L%!(Z32N=':[0\",NB\T2.0RCFK$!@!?;,R9E$8=!Q7L,R1-`$E?MK3
M-+J9C`>'GM.AY/2@$,!+(Q=>+OS@#"X9@2AWS^XC$'75$LCZDA&(PX"-?6-,
MA`&-W'OEWBL77B[\`+Q<,@)1QF_)^"T9@2@1+!'<B$Z!`7MZ?LFX,(DTB301
MD2:BW_/PN=>)0+2D)VL0GBQ=-U5;(`^HO'\>1CR0/<0<[(L$C8A:Q[FQ;8F>
M(:!'()6CCRQ5LX<6^"R@%U;&&@J#CB,73I'I)A(_!VW;`T3/Z5!R>E`(X(^1
M"R\7?G`&EXPUE+NGD%=XXK-.XDKB2F[;<MN6"R\7?J@.,AFF*(.\9)"7#%.4
M")8(;D2GP(`]/;]D\)A$FD2:B$@3VV6:L<BX&76!^QW]J&D48Q:]V#:TJ2>2
MNQ552I3B1:N[@`BYL1Y*=6?Q)@U"([>NO)#<E:#M,O!)$*S6KP@I@7IF0!VH
M=G5NS)HAH!*Q9X;88:G6/EP:HD%8&!_\X1/^.TE2XE4L^IR>UI:]O-0^>JBA
MHYH"M8:401'#R!&P;ZRA)0A<*&A$5#KVC3Z\LEX7B1Z!5,Y9A5^)Z`D^?.X\
M4M:%,\/.A'5I&`Y#1TO#<#CX$4A+2\-P**`14>E(PW`HZ!%(Y9RU8?A+BM94
M\:?L[\N,AL`/R?6<("N!E!M]]%I9N/&]'UZGT?*5HN%D^!\RKZA6`N<ORSWO
M+N;W"[YY_R1W1!<T)^8OOZR2ZWO77;[Z-IT3;Q60S[-O<S<F;]R$>&^CQ9*$
MB9OZ4?@MC:9_?E[BC\GM-/4?_/3I._+K.U#R)H`/__8__P>*QU]^_S]O7WU.
MYR3^&,ZB>$&__04L;=</_?#^>\1>LOT=RA38`+]\);._OO@01PLLNW2MP3]Z
M&J%%>ZV9UZ;^XF];>'<7!=[1&5A=30H@94J"@'O'__I">T%_3Y;N-/N]>A<`
M)XS`728@#=E/KY5'WTOG@`9-^_E%!:+/G5VVG4M.K9R%"8,%_L(RA']]8;ZH
MI8NF!+`8PW%P;^C5X3/I,#A'<G:=L^V*MDG./L_9O0T7C^UTX1K3LG\^RA7D
M/Z@14$IV<6%:[CU1[K%XS+7GID29N7ZL/+C!BBC1#$;![2UB&RA[C'C*U9(`
M8W##K=DF@\]SM#G-$]K`V79U'-[7-(<SHIZEJK.F9:.:YZGCLJOI[BT1)BK"
MK!NGIIT@$281=JKCO8C8.WTL4#>S_1ZE;K!F6'"3(B?J@08+23>:R&XT?:2I
MFBT[EDO<-,2--E9'`ZQ7)W$C<3/PP(TN-W`_3&,_3/PIV\6+BAGY;JX060AM
M"()U5O=A$DZGAI.M&E9;A[5$S:6BQE1U<SPPU)SF[OTOOQQR.9U=<&^Y,D?G
M_CP*/!(G[_^]@F]^BE+R#S=&-W_R.?Z*9"<'WG*SV8D:4E!=]>&0U<.5_0ZW
MYB%W^,4]H),3<XIKOZ]N>$^]3EFA7N5+[$])TE`_[[Q<K2Y7[2O14[#BTVIQ
M1V+DQ<;D[V+EEX/?SV-M+I"SV>6J<LLO5:M@ZXG?L`LH-/1)<KPO%G\E"[;/
M*F_A:[$[37L:Z#=_1N"4K?R3N/$E2M#M_7U,[C$(H:"Z)U9_S'P9O8_T=^HK
M$<A?5+KIVFY&UT',_G=U=$+8?5@YXLRZXLDA5)C:VLN81'81_3$99\(V`A&P
M;XS==_47QG3=[`?5UFAOZZ=!<_D4TM[3,MG[.BP->I&Z%8434R;YTY$)\6R@
MR,',.IQ!K4DXVD"[S><N-))A5S?K/=FWY\3`CC2Z,=Y;1%)R;!OB=@<'GRF_
MSEX=]3[7$YQIA\4@@<#0W=XTTJM[TUAJVB:'POW]@"7'MB#N\A!V]NIH*'N3
M/"R)OR&-*QO2WH;9Y\1`N2&=B&.7B+"S5T=#V9!$."P=(CQ-G?_#1%-?UW:7
MJ'H.X=]S_62$9-FIQ.L8?5&$9/BIS8D]73F$Y-?``=HR*:8/"V!K6'GV88W(
MZJWUT9H%>Z]'C=/H\[?18N&G"]C%DBX*H-4-#3]Y?;+.4_0$*=.TB[QMP7\U
M.G+KE84LX%TC2O$D\V[2G'+-=%O#,`_IWPSH[R=LJY##S1DO*Q,^Z'^GG^CM
M`D2N.DGE2G]9FN@NI,G&HP+6&N$*V-Z2;-)3O?D/?@*DY^1@9#66F*_9[RS?
M,&3-GYJL,L9'JOECF*IEU2P-<*ZU?02K$L!D+9<QI][BB"-7PF#CN'FXEFH9
M0Z^QT7<>;B_363NJ[3]AK9_'2@^^`[D+HF05#[(@=7O6PI?OF#?OAB[X;\1-
MB%)B#.7R7<[O'6;R)EB.SX==#@=1$I*_SRECEV[X1`D)D-6)XJ>)LHS]<.HO
M0?%'LQGF.>*9G-PHGT/E%CX+%-;4QU25M'B)XM['A'A*&BDN_!U^5IYPVZ#O
M5>&@GLX5-^1E9?"IF(0PL5D4XY_1;L8/N&&7/D;TV\G&H%;]03??O38?9,$L
M"H+H$3,!F4LB62V`8:`/61V[V2H%(81#\1.%G_)(%!=^C^Z`ZV[*1EZX?Q+8
MRA/X#6<&+V7#3PO88@K@$LXK\.T$$W7S[IFT.=(KH8#1!+F]Y:S75QE=6EMM
MQMYN=-1YQQZ?40/';?W1CND":LK)!A-^S@W0CB$54Z>=AP1?T7#>:UX?(1P]
M+:;!?#H=N7':K=]SM_K-W32=0+A+-TPWVFG=8=.<U65/SMH!T:[M=^E%-:QY
M!0[0`C_5]HH<`M62QZ.&D^,0I7;,0)5C[Z);9[S5<['K`-P+&/M:LD-'*.!7
MN`FZ>WM'-Z,'&+]-3JIW\4YOP@M>*"(GLZ9]'F(QKZ`>D928]?VWK%YA1Z6G
ME)16ZRP.%/1H`R<-2DE,BYEXK`10?OR`,T>B_&0Z*AC5RN/<A_,&G.J"E0>?
M_#11#4M3[OP@X(>GT(/SF+^X6\5XC+E[4J)5#$3^*XK]](GU!6$7S73D.;QZ
M&<5XJ*(4\''I8U[UD+7-+;+?T5'NWO5VCF6>DH_AMQ1(=&,/#F;>[S`]^,+G
M&7X9#0_B?:#'M$\D?>LF\P]PH$N^DL!-:2&U+W'T0+S/?G`;>K^Z\$%"X@?2
MR6WWL+PKG)ETQ>`\6F:IPGF*""JXJC"VPDM3!1FK4,XJ&6L1.(RY"G"78@CX
MJV0,?B6ZAZ8C)^!S[D#!`A\:W"@(X!P7)+H@KZ:DZV)UOUKOMMWE_91$RB%(
M$:]-FFSM)UO[#8VSPVSMUUFLRS<W($5#':S*SPVM>Q>O:2)O-26>JH1@H,&'
M[`_T?F4:)>GN>H/;9B6;8-4..CE6$ZPK0]5,>V_2W@F9)OM$#A]>CFU(>$EX
M]0,O79V,APFOTW?IZ\R"0-_-E#E^:!`"UJW."4)+HIW1((ZL'0$K(H;X75FJ
M9C>P#4XM4A(ZPD#'4"W;$@HY!W))0NCHVF>DCL>Z4!CJ?4/O+#2_L[W];7E?
M)P]^M$J"IYPB`J,L:(RB1QY($"WIQ:'<XX<C989J&XY00B85]=`@Y.PO^C0P
M'DD`'1M`NDI;A`\.0F=TA/\*6WM">_%&,^7?*S=,_71SFY>;^C`$ZLI4'7TL
ME$3)@_M`H&./Q#(')7`&`IRQ+@_K)][%"T>\XJTPHC>G9KF*X0.,V$5_?()7
M_KC3+_R0Q&Y0Y`Y*81N$L!FJXXBEIN6A:V`0TE73;'!S*CZ7)(2.#R'+$6O/
MO[AS^_L?*0G9P1TW=@_S*F`2/CR5TP5[?:+$F%!!/.F;'Y!\6:JMR5U>0N@`
MFDQUK,E=7D+H$`@9E[K'"WW`AQ.['TZC11%IE[H_I(=^($)ECV1TE`30@9'/
M$[&,0^FI'P9T#%5WQ+H<O+AC^^UT&A,:#Q_-V*%]O5ZY%!]QQ<=RY.8M(720
MX]1Q)A)"$D('::'):(`0$O%<WE.1A'(M)"0,3NRIO\"B1K#I%Y'S4ZQZ-*-5
MC]"%'V$][Y:+*DBM!SY*G2*<0F"R(Y*[#-YK$`Z[LS*ND,<]"=*S`*EC-+!?
M3H70<ZGW)*%ZH#Z=&`W\'4+JTS/R?90R"I-2><B<I@4K$RG/(8,XAUR9$[&N
M!Z47>AC`L=2)/<2D+PDA82!T!1@:#^@.[()\']_V[.RJ<D?N_3#DGA!LIB3M
M\\NUS_6):LK3I$3K0-!JJ:8MT2K1.@RT@FX=-:C@)C9:A7&";$J'<3/JWVPB
M>#W4J<'4$=G=BC4E2O&BU5U`1"IN>BBQ7<GT6)V8!_@S*<4"2;6$ZWG#]4#S
M7L)5PO68<#W0OA<-KKL[X?WEEZ-V/]O:<HU]\W+;I577\`[_M-9!C3<_RUA$
MEY`^UZKU62N6L$:U)^#'L[,3I-'9(`[2=1KP/'=DW6S0<_A,0&U42+V+>5/,
M?(97;^Z"9.#11J)R_Y,+:MTM5@";*VY?!>7J]^EL.-<;W>RQ7/N^8\6-X2?8
M(W-J_@B]_.][&E+*JT,!KPX[I4D(-DD,20R)Y$?-FB8]V\BNFYG?TGIVM\NX
M9$[H*K9E-^JM#J=W?,%-GIH".J/..%*W)],2ME%=2]9)M(F+MK%J60TRK$1D
MGE`6^<;=&7("#]U=8#ZK7U[N8YKU*Y'ERP=F6%TU27\Z`H]D2/%`<#,:BY55
M/8R4CGXT\A=><;JLD66YZ6$*EC7$<C$2/\+@YV*K!'?JSNY'3Q<5A"LM>TN5
MA*60#4+(AE@-1,)'&/B8@C6,$LB5?3HC^ALV:I$6]/"EB],TTLO4#?7^2.)*
MXDI497Z4_-B>/"9QY*VF6!6TY;H)$NO$1Y$I6^V<F(8I?K[6P*/Q)$(/0JBE
M-?#G"`G1TQ\;J@Z=3N7AMG)B^-V-IW/%9+$PII3;RY5;TSZ;3&`)U?.&JJ..
MK08UUL4&J]C'&AF%(UT+VS,A9=\XB9^#HKA42Q.K48;@9P(9CR-%J]Y5KUCQ
MD5(U#PP_%WO5*^-QI)`=3<B:>$G%YY$$T-$!9#>X"1*&1V=N1LN(G#.1KK.*
MG)"XDK@259G+B!QY&37HRZ@KHT&/"2'#'21"SQRAIMW@LD9(B)[^V'":B!Q+
MRNWERNU(&X#8RHB<4W-4!*C:JC$ZF[8G8A]K9$2.="UL-_,F8MW[RKHX`\&-
M;8N5'"[X24#&X4C!JE<79X@7=!(_PN#'F8BEEP=H/<M`'"EES]!DF$.4,@D@
M<0#4I"&4,#PZ<SM:!N*<B72=5<"$Q)7$E:C*7`;BR#NH0=]!79D-_-]"1CE(
MA)X[0@_I'2L$1$]_;-@>B--1,^4]H3BCCB17MGWN3'R/W__9M@_88T1K_BQ!
M>R&@58TFG4]$A^WNGN4[FEL'?DBNYP29":3<Z"-1VE6O]5C?U^Z\W!_]VVH!
MY#Y]GK$OY.UG;T.OU'3V@MNF![Q9.F<4101LY]O:]6YMTZNXR>;VS^)QZ7?R
M4GETE..U6C]E]_EG)RA(M_5:%J6`.^R)#G2B=AZ7?=]/R?U/)^S[?M#!L!-?
M8G63&%[O]N=1=7+]=]EL.;:[OE&S[2/Y5F@O[JYZ<(MW8"WU^QWFV;7<3UF0
M<ZP^L53;:-YP6?0#K42X1#C/^%/-T42UG?/#^.7>&W155/_4\CY,(1=$L`W3
M4:VZ6Y?HLBQ!>QF@M=2QYJC:N<!6J""I4^U&7164D((]8,$VFARD1!=K"=K+
M`*VE:F-=M>J>C42'[>4>B&0@E93FU\;8K._G$%V6)6@O`[26.AI;JC,Y$]B>
M^$!T<ND\H1@*@X&3)%T-+\%*8DAB2`1U>[C%WUF$S+;`R>'$R(@&#BE#4@]+
M#`U&#P_Q'J!%Q)4\SI[S<58?Z:ICGLEA5H+V,D!KJMIXI&KVF<!6C$.!C(N2
MTGR:+<@8J\:Y^%,E:"\#M+`%F8ZJC\\$MI=Z'I)Q45*PURZE-5N=R`.1!.V@
M0*OJCJ..]3.![>4>B&1<E)3FUZ9CJYJ,BY*@'1)H==71S/.-BQIZ@:E#ZD65
MZT[!U^]CDB2?9V^CD.[&X3U[9;=EIWJH),30Q1G[%C!U%_NJ\E\D>"!H4P!3
MW3"YKI:0.M#RV-1_,W?A!T^O]B_LUHI/+YY7KK5>?NI;\A8<..%^U8+:4]ZM
MGR%S)5XE7D6Q`OH[B':P+PBX<E)VAR&[Y4I[M?['YF>.7RN\3!PM#X=UX$B3
M<GQGN#X2\L.`_(<5X)8T0ST]-9'E@L"8;Z,D;=+>3_!U.<I.MU&#[I2[WI<_
MWB5J3N@=@9-Y".=*=,D^$3>NM[3KQ;I$5Q&E:E%#0.7V0ETGUARF:ND3U;2;
M52P<+,LEMIO.X*?!09J6`E'-%G45AP#IDP2WG')K^TH>?&Q+7+YF7,;PQVB5
M*`0&6;AIH][$HHO^$%`HC.5[-;%,56\4>WLRUG9^F)0@'0A(+0L+_32)AQ`3
MI)?A0F27@;CG%+$M::1\>:?$_"Y0"O*%"K*A6^JX;EB`P((L07K&(+7!)+*,
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ML9'ZCEF)R3UE)9_OL#T4II7`+QMN=[Q[BMSR6==W]WS>[.G\7!_HPZ="<Y%S
M:DV]RY./1$I/S<%/`90.4]4E9]<YVU4=&LG9=<[N==.>J".W]6Q'[LYNZ==B
MWJ=H>/GA#$VO>I#+`K@W*18H[K/?]/&&P9W/4M71$=`Q5,,<JYK6,H13A)Q[
MB;,!X`STVLB0.),XZ[D+NJ%.-&W8.#M]&:N.+0=E&4?>:IJ60\NGF`>GN*&G
MI.Z/1F%^0@B;,&`Y;N.&*WVBCNQ)??DZ`I^:1-])[)P0.W"VL2U'8D=BIX7>
MP6!@<SC8$:HP<M?;.;\1PWSVZGXNI6D8TL0N?@<C3!(ZXD`']+!A2^A(Z+2"
MSJC!T?S4T!'F&-[3#<V:5]\/I]&"''`:%^8B:5_\57XO))"_IR.2.TOS5HV1
M55],=X=@BZCV)4C/!:1C39<@E2`5&:2V:CI#UZ1G[<@(2<JB&1K$,LASQ(G/
M$::M.I,&(0OBLTEBZ.@8LM2)(S$D,71(7"#HH;%85Q(#BR_HJXQ#&*Y*)1QT
M[6?%XQDD8$[%>24[3X'_\M*M!UH!TF(_#XM==]2QW<!'*:3)+E%Z[B@=J;;5
M(`A'HE2B]`0H-51+E^Z/[MT?O:7L;^3@(GV+(@_7*_)P9YTY4(9;@$"(`&M1
MVCB.U4F3/!+1^SA*N)XW7">J:1Q@04FX2K@>$ZZ6:C:)NA<=KF?7);>?NB]9
M:9E5<GWONLM7\(:/-$KGMRA)MA6%,4M%82Q>%$99A3Y[Z(]O[UXH'IGZ"S=(
ML,#'WTQ-UW7S+[]L':#QZ$9I=+/&Z->Z8YN.U=7PVRKB[!W>M+3)V.YJ>/-:
MUXK9`S.>&7X\MD>3[@;7G!+K)]>FMG=P?6)I([W#T<L+;S\[NJV;G0V.(S?!
MO&$X1E=CCTICUX*<X6@39]3=U`O(634@!P(W,HTN.>^4./\LZ,:V,>I,W*RJ
MJGL><Q-MU)FJV:)G_^]7DKJP2WGOW1C[P26_D\4=B4^K?ML0U;]6;D55(V7-
M/OGN_GC_8TG"A+PA(9GY:1=;I@XRI!5D[!CI`((:[Z*F/M*L/BEJO+'J$\>:
M3!J3]([,2!P3K\?5&QGEQ7MFP`[H.W0Q^Z?PX,5M2.+;%3P<ICVNL3W22FN\
M?[S#J:NQPC\2_U7H!W]]D<8K\D+YY?!!:RS:<X,6RA/?^1;&\,,5*.//2Q*[
MF*F?O"&S*"8Y523YW0^CV$^?/F+=)9*DMZ%7?<O[?Z_@X]]).H_@$SC.I)@B
MV,U)13?&MKFN4HY"OF"<:ZQ2#,T9.V/)NA:Z;F2.K?%("-9]BL*(C1+>LQ=P
M-=&%=%WKMF4Y3LFZVC7:060UAN[(M#6S;ZJ:HL(85ZSCNC3]"B8OKOGG\!V)
M_0?XP@/@)`'U3-<;[-DO,=C%/SI9S\G$L$NGW+IC=TES4[;JFJ'9D\-IS@2M
M0_&P00\X92U0&:$%`4T%`<8WC2X):+HX@"=+:T!`IL:81&2/=W+^<BJ,V#[0
M(00U71O#F/1+4-.ULD;-Z?E<56%=^9=A3S'+N-DR3$M*FON:1Y91]KQU1TIS
MJ\+2S;+KMSM2FOJ@=<W6RJ9AEY0T<T@;NF':?5'2R#GM:);=R^(T=52/QY;1
M"V`;>ZTM6)SR_M,E3QIZL&$;,@RKI^5IY,VV00GU`MBFGNV1KC4$[%NLU0,'
M$;Y]=W-`']D6L*3D>%D;I`T13;6\:8R`%UJW1#35[^;$U$W;JD_$KR2$)0O@
MB5MOX8<^V+C4VNW0@M6!HHE9MJ[WC]D!B4W7#NQ_T'CV,4EL?$0QS$G%^]^0
MQ'=D&</[J*<`?@X(_H!?7D1QZO^'_KV;U1[IUKBDL.L,W!6QC===U[3*1G=,
M8ALCP+2-L7T@9V^3A,``J1\3M,P_WP7^/7WP=CJ-Z0LZE'S+,NV24-4>NU.B
M&^OQB>F<G.C&?B%G4C:26A.-V\7GV:]1Y"7?HL#[[*-^^=7M9)<&#::/];6]
M:=M@AQ#57/./#<TR^R6JN:1K2%9SHKZY`4F^D@<2KC#DJQ,9UBQ]8I5LJ[4Q
M6I#06"*UB6WIHRY):&Q7F1--T^J3\#F=D[B/U7#LLIFR;9BVI#2W=QUMW`\I
M35=G9.K.I"$IF0B5G^OD+#*96,:D?';>-E)K<IK+CFTZFM,7.<WER+3'AMV0
MG&]I-/WS8Y*LB/=N%6-[1!+[D?=W-U@1^MGG);T`>_^#Q%,_(5X7"SD>:R4Z
M&Y/0RQP:[VZV68[Q$F,2VP+8WD:+11325]0(R'+*019B3&I;`%RS2>GCLHM8
MC%EM6ZI;S_/QFV[PQ?6]C^%;=^FG;E!CAF-]$!)UP`QU./&,NY[B5[)<Q=.Y
MFVQY2T?7$R/+6:-ZWZ"=4-G\YD+3)L<F<ALZOL<TR>*IKEP+P][FE!_*\KD;
MDS?X*&A"/&YVYV0:&995%K2M([6GI_$^:X[-<K!(U_0T/D".3+,<L-PU/=WN
M"R=8S4.H/?Y:'\3;-DCXS7?O_`"&),DM;%\+XNDMQ?:Y4-":(S462,.VS=*T
MMPS3DI(.PE^_N$\TC.A[=#O]]\J']5@E?DB2A"2_QNVC'_H8MKDMH<.F43;/
MGQNU"RH[6),/KA_33>SSC#I/$SYZVZ-DI^,U1[]3A?_.T0XBZP"V8^+J3B=U
M-]YFTZ+Y3?M':D]/\ZLF2]-ZI*?YC8&EXZ9;CY[UX#O<ACJ);G1T9TML'[Z^
MZ=!-%\2:Z*-Q-T,WCFB$[<FJ-S1F;=^&'OX'@[4?W`"5(S.Z/X93M.C).\+^
MVTTTMF:68UR:C-\U[<T3F$RC$F=W2N*;GV\GD\FX&]IYMC^F]_L>\=X\_9%@
MCM0'/W3#*9S9;J>I_T`MG4X@,])M?5)-VJPY?+>$-]\F1YICVZ<GO+$7?:0#
M6/0N"(>O3`GQ:#8(G.VY\?5Y]EL4WG\G\>(=N4LI#.F!XQN9PJ&_*^",UTW%
MEK3T.:?F'G=-_$DUQIOMC'J9U*[O=F,`KA&]:[!#B&I\';<&^3YH:NXL:D=3
M&01'NH5[=LA.:#SPENTX1';HA_@0Q85;]_.L=&W5LR>BV<"-EZ7J=W]^T&[(
M;!R\4'&R-Z=RQ][/LF^Z-_9T4[-M\WG;8\OXW5+>/!?9!`/;-$]/>>.C@>6,
M[$DY0Z4]Y15=`V>*S[,\`@,^6I(X?<)H<3AQT!:[74!F8IOF>+Q#/SY/0@\S
M:`H=>Z)9AD@3:+[%._H.\ZW-!`H=M2T]MB?-,[*,L;Y54=8DHI]I=%"#HQM"
MFCL<'&V\?>=IR=!O)$T#YD&<[78I?I_'T>I^_BD*L7AS-NKM@K;(Z&*'LDW#
M+,<''4S5<>;9>#^S)OIX>--L#%-S8HZ,/N>Y<>-$XT<S1?@E<,.TZRW1T,Q]
M5V3[">B!_A;Q#I5CV<DGT'A#-"RSQPD4=Y:TY`IS[W\,;V<S/_#=M/6&>,`5
M;P-"FE]MU;_SW4%&/Q/IXZY^PU+J1!]@Y;5R,OSSPW9#:'/!UX"56\RPO@EM
M*N"6XS@39XMY4Y_0'8>L/,>Y6_-6'^-UQ//GZBW#=TMX4TB,==N9&*>GN_$6
MH#MV!2'M"5^_C_N(>79H:B2`.JRJC4F9TREH&*\49=1)/I!IC*O%+EL0TM]T
M6E3E-JN7\F+-I_%%_]B:6$>9#GZG5/F-OZ_[DI8-!N^8[@X.V@=2T/CHTB/K
MJ(&*QQM6OY,%:W6R#VD30Q_MHWKKT!U2W"+FT+9&>\6L;Y([,#0W1_\2DZ7K
M>UV66IR,#',?GZI#=D%B<R_]>O7FWDEL+-;ZJ)+&?CB-V2[PE4R)_]"5XKZ>
M:).R05EGW*YH;2'#CKX?F_T1V]ARG#A@IQQ&Z]NY&][#DW^$\)4`>[<4-2?S
M(-S_(MX]+::45YYL&X9?M4JJ!3K;DM+GE+JH;-TA.<U5Q%I!T:YX7#$56H?@
MUJO/O7>4;JRQYT9I+)FF5JU56AEA:TY.PO(S*Z/?)I]G6[G'OE$>]..G#]2=
M.S;L]2P;_N:FHVYR<_>H]KBK43>YNWM4I^NY[LV4WD4'UNSJB@[K(#JLSOAA
M'$"'-IF`(=SMNNS/&-U!R;5M5[S!72S,R0DQ#B/$U&VG4T']O_SYDT-VG9Z6
M#'+JK]3VI'KVE8[B$'>1B3D\SZ;W[Z&DG[GLWXMWS<6L5!,492[[=_QL+L^9
M%KUAI(VX#08T;2;7"XIV%!E@K^E.`HQ*-.#S(W=#:SV$;V@>;0-$1Z"U>?T+
MX7G=DOY#^0^'D+<Q\?STK1O'3[,H?G1C;TN4S$YS?%L"X]JU^YXQ-@I\99=:
M>`0M/YZTIF:TEOBR>XA=F?=/'Z+XCW!*8NS0!Y/Y$B6TZD'"FU35.Z-MDE8B
MJNY079)8Q_]U8A+K+/`!)&*.\>_NOZ+X[2I)X40>__?*#5._3>S$EU5,-G=8
MEL:\=8A6-.S?3XY#P_Y]HCL:0&M-:33=]RAU@SPJ@I?B:W&GM)6T&\/80MPS
M8W=)<XLEO<%"A:>DN04$;G3G&#2WOZ?8P>E1$ZK7G>K=T-T*(=;IZ6Z%DLDA
M=&?[0+G0.+_L@G=\F3\E_M0-_@`2/L^^Q)&WFFX4.]JW?7_9Y;>X*0<\-QN\
M>]*W;NN[22^7C#HUZ5NW^]VD6YUQ?<UNA@?O8W=QNTKG48R7(LQ8U=N:*,::
M05QSN,UDV\!-B??%C=.G[[$;)BZ=S#<2!&#./M-W@2;5E+Z5_,-/Y^4W=I/;
M;([MTM5NOQ2?GC^-PU0MRRJW,CYW_C0/?Q\9Y:S3X_+GPRJ%38F'6WX(HL>$
M/@TC?8\P^I)XI;TG(?$#2=Z!I1)$-/B>=K1I>Q2TQD;U3J`#6HXTO5HUC=9+
M:@QG>G5@:]NZT]?T:!VL!\#Y/>P3_I1@\"_L;&_N@E8*>]=N.K%NC*P*V-;1
MVM'SK(+<1<]X=#/J@9YG%=(N>ASK9FRUH2?AC_P^G76Z8.:-[6S24QJM)4&M
M5\RX<>P^"&J]9.;-:#*J15$FMN_=.`09Q6I663U2?]KIJFDWY1C6K>.U)JKU
MREUK-^5-MUNJ6B\?4*4[?5'U;%/0W0M8MM^Z)NJ9_J![4*7U2%0959N=%_=P
M2N\15/O;ANXAJC=./=M"=!_2S?Y8]4PWT5-IA?V-14\A?U95JQ\5ZN_\8)6V
M+$W5;K/A(QY`6%\;SN&4];7I'$Y93QM/%X3ULOET0E@?&U`G(.MC$SJ<L+XV
MHBY8UL]FU,EB]K$A=:O*.MR4=A#V#^+?S^'O_,#T:85A*)]G;(C/JS1)W="#
M][0\&>V.W;8GY7BM1F1T/H=645N"S:%5-!?-%^A[#AQY&^_H$$V6H8^M9V>Q
MBY`>YG$`HB8BS:-75#TW#W3DK#E/>8F,]:SX/#9^RPZS<>.@X9HP-]'.MU=<
M5_MS]QJ,[5AV[G/=F9B'G])[[SU]+QK-E[?@V/'>;3/=EGK>8,AK:S3.78/5
M5Y9'RRKI4$I8O-:7_(+4GY+;((BFK%ETO08434@<:XZM,1*[H*,\KT\DK7R_
M]<IEU8RVO70SZ"[$ZJPTZK+MG91A&=5"U>67-AVP5L79]<#1?0.6:T7B<\G6
MT5O>0^XM+%X9;?..M52DNFNRKO>6Q-Y'UDZH]M>Q8V+8(Z=TEFY(0@\S:'X;
M;6I&.76MKRG0\CZN[WV/6!7!+MAO5@%<>^Q.B6[,<:UOH@^+V)[8>CU,[XB%
M;D-7O5I7IJ4;QZ6K9CG#FA+4E+!2'2(&@4ZJ^L/AVBR7T&@P?,>4-]X:#-.R
M]*-1_I'5GNF$Z5E'M#;C=TU[4[9GW<JZH/T=F1'\^W?W1^GI>N5&FYAU$\<P
MREJVX;@]D%W+)#.M\=CJA6QV`@*3NC5+=6SJHF^E+7]Y6P)JP=`>.Q-G.W/J
M$T#+2K7?&LNE9[:_NST%]0HGPO\.)F%;C?'687VZ.;&L/21M':P[$EN6_-KD
M7*.LO'I*:.R4"QTW&+)C:NL@R\&ZV.-^J(4?LK_QN-4L(C`KN@A4-/-XU%R`
M2I7]KNDZQ;QK;2-CRRJ7O!!@WN6&US#&&Q*2F9\F6>Q`M2,VQH:V7W.KW(6R
M#]).-?UZ3IW):)\0'V/ZO/-<9WI4MVQS;.[;8G:-V"FI]7J]F"/=V*?S6Y"Z
MJRYN`Q:.1Z`2MFO"/<5NZ]-0+X!<&^\PW_;0\'XV(U-F!O!Z8E_=%$`;PDZT
M@LV([TJM&E=O3\^K7'77'KU;NEND0UY7`Z%.1'B+?,CK&]/I@O#B"P0(F]+6
M!/!<7IBAHQ9L>J7HRK.#=D)EXTZ7V-+@V$0V]H-.G/5RLYU0F95[W%"]6.>1
M;7-!$#VZX;03'[1E6X;^["P:$'6<:39OGNJ,S>%-LRDH+6ODV"><YOO0G:;T
MA:CVNM%8<!RH#]`J`9U3WQAVYD08VIM?K1D--$,KXM\1GNR=_#<<V?R93[PB
M`;SC'BF&8]385&I2U/_\NBR2VQE132'DZ,9D6TW=/GF>_YD?$/F)\#;]0#Q,
M1?Z6NNDJC>*GBH76"<0TVW2>AU@[`H\^^\9EV!W-=L;G,OOF81]C4QN/CC1]
M+`4^C>Y#+$0!CV1.C[;':]N95.[T=[S^`"IJ=<IUG)ZI,(2@HI:SH=,5^9HK
MV*\D607H!*=!4NX2^X/?+I>!/\50/P8^@G%*"S]MZY:HM3<=B=(.=M$C45I#
MX;2D-`MYJA):]$*E-3?@>6Q3QLK;'&!SG9S&_E:\.QJ/O=9?8C^*6?Q;N=*B
M"$O<@+1CKVP#THZ]H#P2J[,EK5Y!U=EY&M)UO-D>&R6-B.L`)T5@`;^0:1PM
MV>$('<VA:)/6XS3V#]+13'JDOQ>J2S=7/2]"[9&ZG%/K4E_69%P)4]KR[M8$
M'#S!4D31IRA]1Q+_/L2":;?)9A>HK%74>N!:6V_LR#*V<Z8E44>99?,0]VH'
MKLYGN:V55S$(1K'0=@J>GS[AU6'L3CNZ_EL#=ALZ^II+!WLC+<J6A>Z6<L,^
MSY[+1FQM*HWU<3F-M1$%G9/?O-2E/C+'MBCD-Q73D6Y9AF7T0OZNX+$^@^J;
M4=`]_8WA@]UI!*+_T,2`#NG?6[6R+5STD3'9*:W/E=YL3%YC-!AV-7:L7_(:
M[^F.98_&NY1%(_+>_U@&49P'%':RN!.[?,F]=[B#:6N\LB.G')O5+W&-UW5D
M.;M6M1%QE?WBCW!9JXI!=UZSSFCIHOUM5[0<VZ9##RPK$)$%A'<AF\X8+8V6
M9L8F24>885,)-[11:SOJ)!-L7"Q`U\9:.3.MZRFRL&@\!=$WEU_BK:9X)9#'
M,1R0Q*8[&FZRY:5J-G`/=-?:01QM-!D9(Y'HKF4APOE.JT2>=TSW[72Z6JQH
MN?MW9!G#V#PB9AD0&OU2:ID!XVS&YWV(XJ)L^3YB6D-N;$Y&MKZ'!<>;@]C<
MK"<(AC495PY-DIOMTU4F#AR))M80N+GON[_&4=):0,V196M.Y?30=.A>:*\5
M'FN9VL0TQJ+17BO46AO9IF7M$>7#:<_M[<(6>?]C&JP\XJ$A5$;O6X9S_V%K
M\:JVAY+>"&I[,NF-H);'DY+I2`EJM0S5TX8YF93KZ^P<X#!2:IIMUMCIGY9:
MH<1MV;(.F2]K<&FO=\VQ7:DH\=Q(75!63ZOJYGB\;T?H@[)Z.M,:3ZS1'IVY
MBS(LJ,=RZS[/;I-DM4#O#NL#SJM2PM*7NX1W5JIT9)B\J4RC\3LEO%YMTEVZ
MJA,2]I^XGR,A6^[U]J';5^F9\NOKKE-K;)<;A*^/T8Z&9RJM;_CF\:1H=$Y$
M>=4WRTJO,V)L&>5KZRYHL)XKH+Y.P\@TRBE/7=#P;*WT]7O!D3XN'PJZX<,S
M5='7MZN)9IJCSM=B?_WS#3PX$ZMC3%I5%?HL)G5-L^U1`T9\PXK";NSACO`[
M<9-53)540FO2@E'7O&M;:\\'G$PF:SU!NZ;M-+.O%QM@VN<Y^SI9(+#V(_LL
M9U_+KS*>F&/!9T];!6][<7_5<JV)O=XCN%>:!6!1XR1`"S:="^-1XU1!<Z*?
M!8LV*P&VO6`]<)_=3^'QY]]8:LR)<9B^%8T#S67"T7O2K5LY@$7B"+OOS=[9
M28B6LY:WN66<EJ0TOM*W)J.>2&D<9V<Y5E-2UI78QY"M^'K^]/LDA8%26&;^
M0-4"(5X]XZAU<9+)I+K=]4^W&)QJ#$?=&5\DHYH*BSVR3LRG]S]2>"'Z`:EP
M/H!109);SV-I;?#=CXLE#X:AGS[]1I)LD,[B(>'\4<U#/)BJHTRS<7T@0Q_@
M+!M7I;(UI]]IYE*R(H!SWG4'#KR_^R%6U4@^AE\"MYN":;II&MLE=/_8'9+<
M/,_#T4],<O/8?&?'QMJ,Y*_DP:=`0_L0?HY66&0H3/WT*=>8G5@"]JA*;YV!
MNR*V\7ECK.LG([;-T6!\,+6;VVCV*#]*])&Q83C:,WOY,T3T,HOF:3XC$:?1
M6*/8QG.F>L-IP.ES\QW?W(`F/7Z/W3"9D9BV?L,_%"7-NL.795>-Q8,HZGUZ
MC=74:#S6!S2_QIK-TFR[O_FM?R^IQK;#5XD'`U+'2=?(O#8<NVHEM:6FSUDU
M!J0^&8L_J\8PQ":VO<RJQ;70=X*-^J8$&P.%*S?(_$,?HCC7SM_]!5;2GN5O
M;7W#.[*MJK_N6!2+Q*EZR9V6;ET\I^KEF8[7;@D'Q*GRPZWC(JW)FJOO0$*.
M,*]:'DS;&9L#FU?-/KH3T=9KW;G9%HLP,?W0J:W3<J3IU:J8:CH'*^433:\.
M,B?&2,3I[3/!FG1ZTFS+.71ZW1M@-697S^4XGARL+4\RNWJ)9R/[8,.Q^]GA
MDQ_#V2&[MZ,9(^/0F97HZ']6==`XH@$F0YI5O9:'AGGPSKUG5NP;?X0>\X/E
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MF7X;A0\DIM^$T],!Y<BV3L5`#XG&$LMWC%0F)@N.<X,O*P]#Y=J40-UJ/=J3
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MI[H,,L:7P9\J?+X_1G499)VC<EUCT&T0L,A-R93]4J779M!HL`SZ!\&IPHD5
MC%GWGF3EN"A`:A^>ONS@BWU3KCQT)*H%8M;6&^'=S!H9E\RLK=5P=C/+NFAF
M;3W[263M958#^U(RLPDSG[5&][+3F$AV-C1>]_)SW(\E,DQ^[K9U]_#0N>G)
MFALF#^N9QGLQ*0H_[YX?]J[QL%_)PO71[_XV8ETE5V[PG<0+HV[^VM^^./]T
M?C?&[]:8=%QJ!678MM2XOWT9_U/7);MJ7A`@OJS?=4U`AAV@!S)IQX(+K.=Y
ME+K!1QC4#Q-_BATT.BFS81OEEEO'H%H43C6N(:.;X\OD5`?MY0Z5R+^3!(0P
MH_N#Z\>46KV32C/:>+2QA?=`ZREYTK@8Q07PI'D+3$VSS1/QY`"Q_Q4>3'.9
M7]O0Z(?OW)3DX[<2J5W&L77C=.@C;3@3`1GYK!SFC*RE44\[F6<%:!<J1C>C
M#MTB7:"BC1CG;Z3-/K(M=DFFF#4.-F'MS0DMV`[4RK/TG';FVVUW73O=U-M@
M;MM(7_WDSP\Q(6!)$8![^A7@UER+?EG%9$-2;C3=Z<(^KTNV$'S:KU=V\,GH
MQ'$M!)\RY+[S'WR/A-XA>.IM&SF$\#H+?!+"_QYA&F?@IT]=RK#C:'I/V-Q.
MN""\:B/'CFVLF]@#X=7[?Z_@E1_#!`"+?V05T;_/W?!\[/"NYS@HYI_:W.V;
M^6M9'EG,=W^)U<;8M#<3JW<0<#"U;;/Q#-.QC*-1V3JI>H))'<>BLJ.4:FLT
MMK:D5/>-@+;4CC5'.SX2VE*KC76K*^G:GO'UB:1]J`7;;I'D";1T.0>CI1B:
MEGURVMLJ.M,^/>UMU=](:Y%,WC'M'2E%VVB3G]H3_EO.86Q9+3)(>Y*#EG-P
M8!(GG\.!FX!MC(Z(I:+25E\E(Z[7:HLW)*N'6752[\$P!9M5)[4:S!;;>*^S
MZK+.@FFWV'".CL2VL[/6ZGF>?G9=EC=8[[A[C-G16M]M&^4\+WO/>4L[IK&5
MUCLRC:UTV)%I/$0C";#D@I)ZB*[HA-3M?;="+V^]U5M)K39Z^UEJC\>#+JRI
M%@</@3C0A>5EF,/F08=VFFZW,*T%8D6'1IVYUMYK:*SHT`(TVAB`_;#BX":*
MK?1C8^.W=B/`'B;=Q:9@M<#^22?=Q3Y@M7$KG'+272K^H2UXAYK>:7-X%PWL
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MW0_J74J_V]J#1U@ZL&-FQ,>RRNC[`JO8C^D;\E';P[KOA6Q%NA@8;$5Z/43V
M33K+<F94LWR\"/_4;>5@QS&[K)M<E^8C\8KO5NY=0`;#JPV:>ZP`M:>"1:,N
MY99F]U/\KM^R'HTXL<.5T[<6:$3CUEJ9&YW2'7.C&,/9K=8AU58..;_MS23J
MSY50Q[[O91:",?"(52+ZG4CKDU[#(H4G1,*AEEM_PG5RHU1@V!][:H?[L[#%
M34$()G)^7A+\);S_#<YY;]TX?II%,4ZBHUQL0\NZ`=4<=WT5:'XJ+,#"3Y'!
M[U;D8_@)Z/K^2(('\CL0.6]]MV&8EE72$'6&JD/>-P+T>-A@JBUA5B59=/\8
M&["=SHFW"LCGV6]^"/]^&Q//3S^X4\Q6]TGR'>AY$T33/VM?<_R_0?IZJ23I
M4T#^^B*`EU[/*7)?*?J-/GJM+-SXW@^OTVCY2M&6:?Z'NRA-HP7]VXO_]SY]
MC>_Y94E_^G]TD_\+_I:B@:],21`D2R`SO$<>T-^7KN=EO_/Q'WTOG</(FO;S
M:V4&,[A._/\0^(.>C9*_-LY_10;1/WG9:T#D4G_J!M=NX-^'KQ0@GGW;72Q?
M_S^ZK3%J4Z_!.]A\Z[]F&N&$P[^^,%[L(>LUO#?V2)RS,[Z_N])4!?]YJ1C+
M'TH2!;ZWP8S7"BYN]J(IP<(CE#;0+^'47[K!'M+"Z#%VEW]]P?Z;DU=^8T!F
M,$9C'M`?X[6%RMY_YT[_O(^C5>A=`W.BF$W6,&"NV;]>OMBS(AP<8_OG3<HH
M*_?R"&=$W_[&#=P0=+";*K?+V`\4'88&X7CU/"8R>&XAH"D\-M]8E_W;!>.G
M^F.M#Q:CN#<;S5`M8Z1JFM8<92UFW#'@1B-8</ZOO8#C"NH::7NE3)9;"&R"
MNRB.HT=X7]*_\NE.HI]_<0OXF*KMM(2/Z$HJPTRFST&%OU:Z!=)7LF3V:`T@
M;26G(Q#4W+EZ`V&+\5M@]4H?:5U!M<%J;"?FY=%U7T:JM8W4=KON[VX\G2LF
MVW9'-;;=6K3T`"(81_&B%=BO1]B=VQ#2`LXC==(?GMLMS!8<_T)/#94_=7)&
MJ8Z_Y;32UR@E3U7=$]SNH]]_K]P8[/W@Z8,?@E#Y6*$;#M@+>O[^CIP[\!B(
MP,&%"SP*G%]P_LIW?T$2Y1-Y5+Y&"S=4V1]4Y1N)_5D5E_]:):D_>ZK/,MVY
M@?<$]':(KD4^126?H_+.35WEZH_070'#B/?RV34\^C1**_\LTGH[%]>Q(:L"
M7U=G-C_[ZM:+AKMUW7/NAX_?WM[^1G>0PS596V-1!!8;33F\@Z$6OABY7Y8>
MOA+)P@T"$F\Q`/!=U`JHZDOZQG1.Z<?WX*_*?W__VNM2B<))LW-.QMYE<M+H
MG)/AA7)2[YR327I<3A[#M6AIA[D6/_N!XH:><N\F2DP>2+@BE^)4-`YW*HY&
MNCJ>6*=V*<I5VCN:,]%4TVQA=,E5.N(J3<:..K$,N4I"KY*N:IJMVJ.32U.O
MKL1#-M0LD$"Y"J(D>:DLXVCFIQ=_@7)EZ09HX1;R?9AXO)2<-RQ--8P65HKD
M_&&<MS55-\;]\?WH$2*"\QNL<<V>G(3?O9[U#MB.L`0OWXC\<!HM:ISNSAPD
M5X:CJ1.G`Q^L5(=-[Z6=D6H:NN3\L3D_ME5C9,N-Z%C\UB>J-NK1X!K@N6AC
M(U+@H*0D&""N\)F,M-?*G9OXTXO'SY5VHYM239Z`[5J/YJ-D^W8.`-=/HRLO
ME=L]6F#G<$3:OC-Y?K#"6)]+QX_<F^3>=#ELEWO3I>Y-9Q?0*X,Y>PGF[$`]
MR&!.&<PI@SG%XZ0,YI3!G#*8\U)"FR8C4S4F+>Q/&8!VS%6RQJIMMG!`R%4Z
M:IB@KHWA_S*<4^QUFHPMU6@3,G-IP9PRBI,%$HRQC(ITB!TMD$"S5<V1(81'
M8[B!4<JV9/C1&.YHJB5C-C<N)&6P)A-'U7!Z3!F0PKBQO=NCTPCC1?);GUBJ
M-CK-E==E,MQ6=5.8*T8ASCC%;B,C,O?>3)^F]-^E<EM&71R1V[K$]D7&N`AV
MW)&!EW(+$HC;<@N26]"9<EN<+:@(L]Q6<+1!W=!R3Y&WJS@F8?J;[][Q&J7O
M2.P_P+<>R,<P2>,5+4;=MJN:94W&.NLB4G.DCHBKWSKK+[_\N(L#_Q7^&W[]
M_P%02P,$%`````@`,##:1G._YLP3&@``USX!`!0`'`!M>&,M,C`Q-3`S,S%?
M8V%L+GAM;%54"0`#_"*-5?PBC55U>`L``00E#@``!#D!``#=/6MSX[B1WZ_J
M_@/.6Y=LJB+9LCW/W;F4_)IUSK:\EB>[]VD*)B&9&8K0@:3'RJ]/`WR(%$D0
MI$@!VODPMB5THU]`-QI`X^>_O2Y<]$*8[U#OT\%H>'2`B&=1V_'FGPZ^3`?C
MZ?GU]0'R`^S9V*4>^73@T8.__<]__@>"?S__UV"`KASBVA_1!;4&U]Z,_H3N
M\()\1)^)1Q@.*/L)_0.[(?^$7CDN8>B<+I8N"0A\$77\$9T.3S$:#!30_H-X
M-F5?'JY3M,]!L/QX>/C]^_>A1U_P=\J^^4.+JJ&;TI!9),4U6QX=C4[?'[W_
M>DM>+?IU=/3MZ^L3<X>O,^#C`@?0YOAH].:_CR^.WL)_QV\>1V\_GAY]/#I5
M["_`0>BG_1V]'L7_(O"?7<?[]I'_]X1]@D`YGO_QU7<^'62X_'XRI&Q^>`RD
M'OY^>S.UGLD"#QR/*\DB!PD4QU(&-_KPX<.A^#9I6F@I6([[.#E,R$DQP[>.
MI'V&$M_YZ`OR;JB%`V%CM=V@RA;\KT'2;,`_&HR.!R>CX:MO'R3"%Q)DU"4/
M9(;X3["5M-<%URHWS/D*3&1QR+\_!!V%"^(%8\^^]`(G6'&%L86@%W@0")\9
MF7TZ6+Q:`Z[^HY.HTQ]40(/5$D:-[W"C/T"'[>D\IYY/7<<&*[3/L,M%/'TF
M)/!KB*R%ZY_">\Q`2L\D<"SLMB6W%$DOM/-12KA>_<ELLN33&.BSB9CE"'JG
M^?P9>W/B7WO3@%K?GJEKPT1[^?\A&&A+)A0P]L\5]I^O7/J]K2(*\)U1?`>3
M.B,-;*4:H#.:IN%B@=EJ,ILZ<\^9P9B!:<JR:`CSE#>_!P%9#JFCLQF2SF@_
M"WW'([X/D<*3XRE)5`;2&5U7V&'"<T]F5]")9SG8O09OQX03J"-1$;J[<<2(
M[017V')<A8%?VK@S6L:^3X('F+J9&(V3)]>9*^FU'K`S&J\A\%V01_Q:.RQ*
M6G9&Q05AS@MP^%)+14G+SJBXQ?^D[#ST`^"3U1%2WK@S6B:."_'59PQCVZ\=
M9.6-.Z/EAOI^I/U[PF"N65!O^@QQ20U5=6#=S?I-'?X._+GH8K)4&>UE33NC
MXX&X/"2`,#)8/3+L^=A2H:D.K#O;(K"LX<;A!"KNI*IY]^/N@?B$O1!8_F+5
MT5<"TIT]$9=8H)%?0U`)8>XJ]:8*%*H![S@*ZS0:VVE4]HB?W%JZZP%[BGF4
MJ).!["#^4:)1%;R/6$B)P,KV?<1%2A15MN\I+E$B2@;2B[]5HJH:H#??ID27
M'*A7/]=,FY6`._)Y:EIN@*)7GS&X#YGU#*J]9XY%?L/^V'5Y>IC8CU1,=/[8
M@D@4IF60[HV#G_C$#`X-OH.5LCT.+OW`6?#VZ8K:OR`!=MPVCF@'U/3DW09I
M/#"&B/0%/IEX9]C[!G_#.@RB@[OA>'@##$]F$:":D+KMI+OHG;KNC++OF-G0
M=Z4_5..Q';(^O.N`[X91+\I0WA$0WXPP$"1\&5F?&D-;8.R#J[B+.\R8<,'J
MU%=!=D_E/:,O#M]^;"CA*KA>K..!6-3C(U$8Y&26=GY%63;FHID_N/Y#F(^:
M6TZ'O>U$&F=D[G@>K'W$_AO?M(XWC,#ROW@,6L,ZZ5_"],\`[\QI,YRZ[[2/
MF'@`(SV38.9:P=[*7[>(?5G.AZD)H^->>N&>)]@FWOJ33%X==.F&-K&OO?H=
MNN8"Z:?CGO*X#:=E->">UE,#\7^<?'NDDY"EW\>1B+(!;X^X+Q['\SDC$&R0
M<[QT`NSR>6--'DPM>?I@/@:+"59;"J#K7GN23D-K50/N?2=`32.*T#WN"S24
MKCJ"7O(8ZV7(9X:]8,"/8F4<4;:I:*`:_73:1\^<IPNP'"G;\*F$L1^N)L$S
M89G34C`,H%<OFGQ$FX2X%@RV1MZK!C,$C9]H&,1?3\)`'*_D$65PBYGU?#("
MUD[;*W:[CGJ109O9I@:T]WW!AC0W1=-;;E71`\FA>LVN#M+C9'R%2>SXJZ;1
M3'.,_7*5SJL1#1?DA;@0.O'$X1?/3O[J@-FM.NI7!D`1!)<^/VY'O1>8=_G.
MI*"R6Q%LTT_/5B#.RC.;1]6W,,C$0;\+QQ?[M,2^"OG1/UA'I\<1UU%W9Z.A
M+QIV-"ML3?XF^DYFEMZIZE6Z;5=3"BAVM,NE&!`UP2&CW,*N%;HBBKJ!OW,0
MY#4@,,W8"1Y._?:7#.!CCB:^$3)"`Y1`97\%(T01"I3#T2?U]5<(<J0?`[UI
MG@M^/Y_<32<WUQ?CQ\L+=#:^&=^=7Z+I+Y>7C]/DWD9"MTNM'*UB+XZRO-)C
M4L7MD!GVG\05D=`?S#%>'G)K."1NX">?"/L8'(WBFR(_Q!]_C7*5YR'CUPJ2
M#ES\1%S1[=>XW4:S0WT$\XD%[(?_X$OP%^SRP&T,$PYC*YAGQ$*UFA%%\$T&
M,Y8T9A:BS";LT\$HZ0?6$3G[*5[;B5L<^CQJX6@&#EA&`C]C="&3=RQ;VH:5
MK%Z`B@/TG3CSYT!0KU&/]XPLL6-?OBZ)!S%XG0%6-%?3T[%6/4DY-4XOJ<_[
M.W6\X!J<.D28P9GC0D_S!V(1,#1^2J)68XT1J>GR1*LN6TJG0RT7-RA^/_\:
M'X#TUQ3`XMN6C"H`JH-14\>I'G4HT&_H^$HV$NY='`5",'4O>8@`0;-L^I-!
MF3!=)!1>A:[+-Q]N2?!,[<^,^K["'"&%UNV,5516-4\HB&5_3%2DE%L8:0RG
MVUFWT*.:*(S3(,R-X2(4J=@+LF3$BLYMP.\N$>+V[/&"LL#Y5[0U4,6E9$'0
M60^ZW7X+J^A:O"7V,]!L0,+YUJT']4_->3HWU50:02B-53WKB*:34-9"C9N"
M!$=WU+/4<@O9EKJG!`6K*C)FG`8RI\]J%VME;?7Z+Q';W^,5#^SY?&I9+"1V
M$YX:(=$]D54S5O0]345CG&7&%&</T"HHLPI$]]S=1'5RMHU3U/I(9Y.!)X?2
M/;DKJTN%>>,TEB%5:;8W:N:K4,0^B9]Z\T?"%A?D*5")?:K:&S2G52E%RJEQ
MBJF^WZ0<HM9"&S2SR6)712D8I\+,':X,IRKJJX?4G>RN5YTJ]\:IK;JX2E%1
M96WU[E%&0A=TU>PLES;6[5PEE6T*FY15K!IG4?%5`06=%%OJ=JS*"JEBTCAM
MC&W;X7QC]QX[_)Y7=)\F0[_$KRK`ZO:JRAI3%X1Q.GS@)\(\8E]BQB\(^+D$
M]\RQ'(ES58'5[5Z5=:@N".-T^,C$<<R5RKQ8UE9-1V_TZZB:4?/V4;*U,CR[
M22A4#ZD[ME#EK7HU;_:>3$O^ZHH)5K'Y\^$FES?PMX[SK.4UIG.'6T_4#[>B
M'W/X_K*[0[HU!:AS#)W*&)H^PH_;RSM@9G*%)O>7#^/':VB@\=SN%+O$?R`O
MQ`N)].10H:$)AX6R1"F<#LHWUSWO58B^Z@10&:_&!0_B.(NR396WUCU?*^I%
MPJEQ:A&W^/F.?W1V6)+2+[;43/9D]IE2VY^"(TR'@IS\<@C=H[U*!87ENIQE
MXTRK,A7,=RG%*::8XQ99\2(*W7.#HA8;"\4XM:J<1Y,ERE6@=6=D%)791!3&
MZ3%Z.8I/(F-[X7B.'T37#6L'92V@[ER,HO84!6"<XNZH1Z.UAC>/3GK4JDP"
MHI&1:^^%^*(L0D13<MFEFH]J"-U.O%8I&\97Q[MQ5I<06&MKA8:Z/7-SU91R
M:E[J[S-V/$EA/%AVW$-(@5\E4[DR!MT>N:D2F\K&P/$6G^&+^8R+7,K&706`
MSF5:='*@,2]U<+IG^QJ&-E=N2E(PS@*3\R"-M5<+J-LC-%.?HAR,TQ_,<1')
M-](;DAO-M$]YG(PKT-@YY>^MA##?KS/K9V1&&<D<;[YU/,I$F8_(9T,PG\<2
M[8]$=R+7,9=$'#LE0O<\5FHBA7!HYUHQ<[=.75A-YHB!*1MT3=\AS6UNO5'?
MW#K_97SW^7**KN_@B\GY__XRN;FX?)C^&5W^^N7Z\?_T;-X5'RW-L?>V`7OC
MZ2_HZF;RF\Z]N[@\EB@L#_(Y6WWQN?^:)!'TNL:PU"\HX]A[+Z=AXFVHH(V)
MIGPR,BT$^>.&D%LK<%^C2E$_^PS[O);Y@E-<D_"O:J\]H;"M`N6",$YOYFS;
M])?X[V!0[O&&CHG[K?T=YMQ:U_N_$PNN@Q]4)1<D^GGM%2M621>Z"M!J:GYK
MKIJ;"&D/-)PO]==$NYN0:II]MT^:+1?.'FBU>&\_+K[0</A6(5'3]?M]TG6M
MR/9#[;65-MI,X')\:L;P8<^,05F0>V`7X@3I^N)M7:DL902*68^C?5*]5%;&
MZ3I*K%Y[_`7#Z$6P]49U^@C2+\2>BVWN=+MZ5*W\]A@5K<'@)-BVTC3./"HD
M$FV1;)>W+<6A\^8[7D6OC=/XX>="0=-J%E5@#<WP2E2Y>5]>64#FG4PJT)X\
M"2XNNB7;@N"W9S/QXJO,GMO@,C0[O(7RE06X!\8@7':+BK"-$1F:8]YF#E`2
MG8$VP*A%B"TV__G5J,FL^.ZIF@TT161H3KJ!#;03G7&Q36++5Y25'<EL%..T
MP65HPKKY9-!<@.;-!U,2!&Z4=Y]5EPQ[?&8TG#_SU1V77,S_>,'7^I(=QPYP
M&YKV5C>6[@1LW$12(9OX`;*M%DFE.$QQFYG'6B]?";,<?WWRJ<91EH,:ND22
M*%+F&F7B,<Z&,W/Y`UF&S'K&/N&/;"J4M%*!-70!U$"UR@(RS[D!P3'UDUFV
MB&FU2JLA#%W"J"NR3ACFJ2\[JU11+U[%$\77IL0*65VXVAJCH:N7=E-T&V$:
M5M'H#@?B/=JZ8C_O^%.BCF^YE+]?"W^,ABB"172&LM!]GG9.'[">.G//F3D6
MSQ=$6V7\'6?J.E96U#D.WF]R<#Q$,3[.0@8C6J-$:YQ]\I4DP\`;/($E2O3P
M89.+DR%*H%$>O$^"T\V(R2Q])S>S(5%*^^AHD_;3(>*(D,#$E9#B0CEDO1Z@
M9\1V@BML\5W5\LL`H]$FX6^&*()#:\`^B:Q>\)03?+Q)\-LA$CC0&@G*8>F3
M^LR1AG)R3S;)?3=$$1"*H?HD;YU[J"#O=).\]T.4`^J3NEO\3\K.0S\`:;`*
M`M]L$OAAB`0<R@#V262:P!.5*LJ)?%OP($=#!(#B86H`13%LGW3RG=3(L.X)
MBT-O?NJYG.*BSP.G]R/'\9?$/`$-BO"@&%&O[D_M\M*HX.I&W-=E@/^,-BMB
M]D9NO((M)[3@S48G,:$HA>N3P@<BZM3>8Q:L'AGV?&Q54WM<\%\C<&`Q"B1P
MH#R27DV9GQ;AIN<$U2[WN."Y1N"Z!"C*P>YD<G@@/F$OY`('N)S:@ML:O<U/
M$3$&Q%&@'[]X.`0?3.R>"V1.B4LLZ.;7$'1,F+M*PY1J5@HN;00^+4&$4DR9
MB&?'/"E%TM*(^KC@%QM%U.C'Y+>>62T+KA_%D]/E;!6\:56(C7Z,T/1=GS47
MH<HH+[C88IRZ(YHE&7H)_06'6Q.V[HB93/PJH[[@=3>BV!U1FXE,9=067&\^
MJ-T1L?G`44+O2='YEH6/.R([&]G(B"ZZW\WX9D<$;T8+,J*+7K@L9MBU@62"
M!QGQ1;\K#2%V8RW2^$'&3<'#*D81.V&KS*\.[N.=C7OF6.0W[(]=D=@F]B.-
M3C+'YWYLT&JV6KSOAPOX,+CT`V?!VZ<9)O^"/S#A5DBH@;..\>S46P_2."M.
M+*\FWAGVOL'?L"J'V.AN.!Y"KWPG2`!*F57Q[X-L"(;C3A&L3X-G@GC7_/.X
M\[\BWCV"GD3VS8I0[4A0#]1U9Y1]Q\R6[>A+!5(6,&3P"E:E\<-N6,T$$`-^
MMYIZT9[!'0DR;Y1%XT/*;VV(,4!K_)Q[#WBWXRY0@%\1%IUD&-=?2R%E75I`
MO;RU`:4@4H+B+1^>'SK'C*UB(Y1LHS5`H?MH@TQ9U<_NJ0G&N,,,!0[@E^2S
M^"YFMD0"N+*XR(5?7D.!AZ8-K*"3WG0?F-C&8#H4]S[:5ARB^LFM/^SZ]1M`
MK>RJ84^ZSVYT:U.MQ&R^/:6WS;9Q1#(DNH]P;&,%]<+9`P7S*Q--=!FUUWU<
M?"NU95DV7T.E%9H;:*P"7O<9[FTT*!6)R1I5JEQ0U=XX%EI<4FN,R*"E2MLW
MPMM<2#.@H&M;SHNCV;"RKID$2IRXN`/?+::3\D1)87>CL!<3XT$IHEWE@,31
M4]_A]=BJ,SVGA>V.'`,H1:(CA?5`+.I9XIHN()_,4F*N*,ONE=','WQ]%HHG
M@25,%[9+BNFM?-\\Q<7SFLM4'!#.(2<""01(0/-_6S$A1J3`4@'EV8(/HK1N
M;5EO*:CVRN<%ZBIJ@XZ#*V+SIXMX2>(02%JMX7$@KQG593>Z/9>R.505Z>Y2
MVN;=8ZA@\X+8873BZE=8PSLSA]@P(\6?J=R=VQ:O;K??L=DTE*=QP7L%6TEM
MG4L/\]W3MG-+%1K=N;&.C4`NK;V9&Q(V"L$NWUJ.E..Z]#M_R+NU)2CAUITT
MZ\D\&LC5X#5%(:(](W/'\_AU,%C[>3;\$K_V[D]FO#:71><>K\X%T,E6A#2P
M+1RI40ULGQ)"Q/D5(DA!3S$MO%&8H49L\#[%].QJ89`Y,S:`%63F8A`/^;&W
MRJ1^XA,@N9,?4KD53O-L'%(;(.@2S?@=HI?D#A$76]SUGWYX?SQZ]Y./[!0F
MV0#GXG375!BQ&M@4E"PGL]E2:Z8I3TS\.I@Z]2F`[OB[2@&%S(F48>,"HDUZ
MU\4EU764A=$=[[944Y%M@S6EF'8N;6X:`\WLK0+0G+E!);6J)(4.S6_Q:@F5
M')W$"KG]_3QYK#+G;-4VI@!:&=B<V4"BF"8,F1FN9N,LR3NP$%6ZH<U+&E2]
M#+:^JR\-O6HNO<('G`I^L#037#EK0GC655`"OXB8S,K0@_R4(!ZRT90D(^(P
MG<\0[Y#-LB+#&0WS(A;\9BLL#E?\D42&+5E(V@Z;[EF]\:O*M`.FC0\^LA*@
MP07QG;G'A^W8+]:>3ABO.;R[-6K=;F9+2^E,N(;5C\F7)U#:G#U5*%>P^_W9
M_$VT@?@_OMO]2"<A2[]?9\"E_E.MW($XL,]_LO@:>4`1#1FB<<,Y-,1IAT9X
M1T'O=13+VN(VC^]$6;/-,J[2M4M#-#J?.&A"Z6].((I+$3LY7MJ1",H0Z_:>
MK4QA\\F#;J1KG#>MYNN+MQ0L=#1<I.AT>\U^+41!DF;;Q05Y(2X5)\MRE7-J
M]%\$T[W[V+F>JR1CMCXO7Y<NC9:R3?19!-.]7=BY/JLD8[8^*^^#)`U4)^QZ
M/+J/YW<_4ZO*SK`5S<9"8#R?,P*$D_@6(U_LKQ<'L%S+KP[2%PS45@G%$F,5
MJX24#&2MZ4#6>NW`-X9+%@_+F![C5A$;TLP*T`[SE5@_L\R3\"4CK3DJG?/+
M!K51.*L4`M9":E\/M%7JYCRB*"/CG$=FWA2$GX<+(?\7V1/5$ACMX7M'"JV7
MBW&J++">KC;6=GCY&FUQ\%K0V1?55=3>%7[MD7]/8WX[>9MO3A(Q25/IC1'M
MDU.HOE#8WLQ,MX2Q947FRQ>]2T:LY!3VTB5"21E#!Y:+!RS%BQ)I+"J1B[I1
M[9*F??)QZO:Y>ZV:=F`AOXY2VQDJ%BXN+_*WZ\VAJKK1TK5=L;AQ;?GH71W:
M+1:25M+/FV(1QHK"TKM74;8DX[KJVF>&O6!P`<,P<S`YVU0TD%]+?*-0Q3%7
M=8V?=IF+COEAEXWCR;Z`HS'</.I^IWHO""DM39>3C%0DQ1J1<I&L"]%M2D`'
MYZ*<Q+4WHRQR$#`,@08OFFJ7F6M.*ZD0BK4F2X0@^D+.NC.T3'L3"1O1<BT@
MC9:0D<CXB89!_/4D#/P`BZL'X^`6',SSR0ABFU.I;(J5*R4&DI4.YCVGUD'7
M?2,<(-$[.AG]%?'@2H>LU.;)P@F'DKJONYX@JVK=JW%4/,X@K7VOP45O5+B5
M6F<Q[5I>XG8W]E56XW80W;""J"._WRUEJQ@^R8K?#E#<!S^A&?62-/`_:N4]
M]4P15?%>H*@9^P70QW\IB:08A,E%DO%9L4C2W@5(IO]46%IE!53.&?%]?M_*
M>^%Y$F\>4=Y05&^+P9U<5$G/7%;KOA.QE0E*LU5Q1X*9S==HMS#6Q;MGG&'^
M,@&QKT+^FEG\/MP5K,(R.SSJ8_!M,5BL,;@,52@FBTMT31B**!-7W3AM2!"'
M'C*[/I+1JR_142_0337YV<;5V8JM$6O,_K2@G;>$T*QSF>3PZLX2=F0L&UF9
M;J1M7`JQ!5OK"@XU!U.ZP*T[I6>,,55(W;SR"2UX4S^[U@ERW?M<QMA4@Y-Q
M^V=4FR6+.C6J(G+=Q^R,,:HJN9MG5%M'\07>JVVLC[YT!UK]R6][*RRU[3]`
M\/5(>(K9(KR6J!=B-Q'W%67I>S>/S@)0P"J^E_5/2PIT!W(F&^M62C5VL[8T
M!=F]&J0IE&;/@.;2F&79%/'JCPD)D:9B3/*?Q64%80ZUP6<SGK*^(-'/[OQ8
MXXYUQ@/8%1>MQ>[#C#`_?V`=EE_$!M8$2VHKX/88]\VWMS2PC;ES6PT8Y^&!
MV$W680[<X%(\<,<_4+:K+='NFR_NQK@ZT85Q%E9D:?WNH9"C>G*E!2K=J10]
MEM1:YL99SP.)BIW[7##P.PUYI5X/@JA5PI+$8-2@=6=&]-A($\D:9Q8ICR&!
MN#M^AQ4XN74\7NV;'R5P<4V=6S4$NN\J:IY`U.1KG'U<\E6AL&XAJA?@'9RF
M;8MK.=Q[7B^6\3ZW^'9U0_RD!$J-$^H`M>['C?385&<Z,<[:BNXV$N%FICF=
M5R=Q@WP2@5??:9RWW47?:O;Z[@]FK[O3JG$&S=^()-&-^$3,U198VEC-9-[_
MP4Q&(C?C=-R9A&K>:.RZ'S7+^O`'LZQ^M&5J.8I,9E[IR/;;XO4$61I]]Q=V
MB$OXTR*PP&(!8>[JRO&P9SG8S;!8SEGQ<L&[(4KPH10A2C'F68P9BU7)_WL"
M(X-/_@U02P,$%`````@`,##:1CFO:KWZ$0``0=$``!0`'`!M>&,M,C`Q-3`S
M,S%?9&5F+GAM;%54"0`#_"*-5?PBC55U>`L``00E#@``!#D!``#M7>ESX[BQ
M_YZJ_`]XWDHRJ8HN7S/CW4E*MN5=U[,MKZ7933ZY8`J2F*$(!R1]O+_^-<!#
MA'B!$D'2$\\'CRVA&[\^@&X<;/[TCY>5A9X(<TQJ?]D;=/M[B-@&G9GVXLO>
MUTEG.#F[O-Q#CHOM&;:H3;[LV73O'W__XQ\0_/OI?SH==&$2:W:"SJG1N;3G
M]$=T@U?D!/U,;,*P2]F/Z#=L>?P3>F%:A*$SNGJTB$O@"[_C$W38/<2HTU%@
M^QNQ9Y1]O;N,V"Y=]_&DUWM^?N[:]`D_4_;-Z1I4C=V$>LP@$:_Y8[\_./S4
M_W1_35X,>C_H?[M_>6!6]V4.<IQC%]KL]P='?]H_[Q_#C_VCZ>#XY+!_TC]4
M[,_%KN=$_?5?^L$_G_PGR[2_G?`?#]@A"(QC.R<OCOEE+R;E\T&7LD5O'Z#V
M_GE]-3&69(4[ILV-9)"]D(IS2:,;?/[\N2>^#9LF6@J1@SX.>B&<B#-\.W,C
M@GCCHY[_9;RIF<,Z!MHQ3QPAR14UL"O<L1`1RFS!_^J$S3K\H\Y@OW,PZ+XX
ML[W03D+9C%KDCLP1_Q_<*NIUQ1V`^_#B%;QIU>/?]\"<WHK8[M">C6S7=%^Y
M;=E*X`49!,,E(_,O>ZL7H\,]I7_@=_J#"JG[^@@#S#'Y^-A#O>UQGE';H98Y
M`X>=G6*+JWBR),1U"D`6TNE'>(L9:&E)7-/`UK9P4YEHP<X'-.%V=<;S\2.?
M\<">9=2<ST`[YK,EMA?$N;0G+C6^+:DU@SEY]!\/''1+(10XZI<*.\L+BSYO
M:X@$?66(;V#^9Z2$KV035(9IXJU6F+V.YQ-S89MS&#,P31D&]6">LA>WH"##
M)$4XRS&I#/NIYY@V<1Q(*AY,6TFC>225X;K`)A-!?CR_@$YLP\36)40[)H)`
M$41%ZNK&$2,ST[W`AFDI#/S4QI5A&3H.<>]@ZF9B-(X?+'.A9-=BPLHP7D*.
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MMMBFA"N?2&N<*V?-3,*:8IZ:E4NPT!HS.K<>,Y9@VEMF&N1W[`PMBV\/D]F4
MBHG.&1J0B<*T#-J],O$#GY@AH,%WL%*>#=V1XYHKWCY:43OGQ,6FM4T@J@&-
MINC6B?*!(62D3_#)V#[%]C?X&]9AD!W<=(?=*Q!X//<)U914;2?59>_4LN:4
M/6,V@[XSXZ&:C-LQTQ%=._S@C-K^#N4-`?7-"0-%PI>^]ZD)M`-''5(%7=Q@
MQD0(5D>?15D]REM&GTQ^4EE2PUET6KSCCAC4YB-1..1X'G5^05D\YZ*Q/[C]
M/9B/RGM.A;W5HHU3LC!M&]8^XOR-GV\'!T;@^5]M!JUAG?1_PO5/@>_<W&8X
M5=^ICIRX`R,]ML',K8+M5V?=(HAE4@Q34T;%O6B1GF^PC>WU)[%]=;"EY<W(
M[-(N/J$KKQ`]'6O:QRTY+:L1:UI/=<3/8/-M2L<>B[X/,A%E!]Z=L2X9AXL%
M(Y!LD#/\:+K8XO/&&AY,+3(^F(_!8]S7'150=:^:M%/26]6(M9\$J%E$D5KC
MN4!)[:HST+*/L5Z&_,RP[7;XK:U8((HW%0U4LY]*^]`L>;0`DZ#L(J<21SU2
MC=TE8;';4C`,H%?;GWQ$FQ#<%@)NS5RK!6.`A@_4<X.OQYXK;F+RC-*]QLQ8
M'@Q`M,/M#;M;1UITL,UL4T"J_5RP).:R;+3MK2I&H'PJK;NKG>@Z&5]ADEGP
M5=ELICQ'O5)%\ZJ/X9P\$0M2)[YQ^-6>A7]5(.Q.'>G5`2""Y-+AU^VH_03S
M+C^9%"BK5<$N_6CV`G&MGLUX5GT-@TQ<]#LW'7%.2V87'K_Z!^OHZ#KB.NNN
M;#3HPE#3K+`S_$WVE<PLVE%IU>ZVJRD%%C6=<BDF1&5XY"&'!"D$G]8X#B+C
MB87PP0G^J,*1`+<$%LSP'DAG9D+4=<1C`D%'<>U$7$S;[4'37M"FE\I`/^ZH
ML\Z,KB"3+@<Z25T#8M%39T56#X25A"N3ZL>*+:L<0D&@'Y=-W6%9:"%-K3Y)
MYMBSW*V=,B27,</'L&3D*?P5_"GA)B\N@2QC%B+G#'=_Q@@^YFR"9\<&J(-"
MJOBO$(.0SP))/#2"+WZ`2$*^#W"C76[X_6Q\,QE?79X/IZ-S=#J\&MZ<C=#D
ME]%H.FD&=OJ#1)(,!^HRH`\2O[_6)E/!0T:2/(=Y\DRF\-_UZ`9D&5^@\>WH
M;CB]A`:-2*+RI)$DVI&Z:&>_#&]^'DW0Y0U\,3[[WU_&5^>CN\E?T.C7KY?3
M?X7/$(;R6M20A!3W0BA+G:_$/#/'SH.8;#RGL\#XL<<SDQZQ7"?\1.0JG?X@
M>&KQA^#C^T@`T"RYA%\C.UKX@5BB[_N@<5K;7@N@BRM$"K"#=IN0U]XU9"'X
M8+)6C(A^A#@Q**3C+^[($KU!E"$+_DN(;,[HJE"?@>YHK@1Q!0.0/409..N7
MO4%_C<6B#IE]V7.9ER)R$U;RA]+ZCLCPQ53QM72R2FV8FML6V4PV18:]\F1.
M,5^CAMK`>AYDS%D&RFA>J6&2^7N157(53E4$R#+.?O_-6^=^D")#508*<]E=
MY\)=+2B$S#+B0;-&#,Y;>7YQ'2SRL@R8:'I?N>WDU6:&7?)'"2W&W,[);LK$
M/MJKDBU2&FL82I6;(PMVID6:-<EP-A.ZP]8M-OG=)?^.2)%Q<LGNTV;MEIFI
M6(#,D-2LP>[XEJ9-9B/,^`FW4V2I]/;W:7-RRTR4@SPSTC1K&W&GQ[ET'&^]
M-$Y)LF.M[H^;L8/Z(F@3;#LC2_;N0=HB9[-M^ZV0#CESBFK4%C?$]>^Z\5MO
MV6:0FK7>`DFTF7-0\P/!'Z[G'N.GY(29="8NM8DGFQQ3VC?,&!X*'%IOLE*"
M9%GSL(W6]"?E\$FVX)&F\B9-9_-6[9HC399QCYHW[AUY#!`GG;3`H'FD;\.(
MA1)D&>ZXM8;SO7`[R_FT;]IT,1&R;/>Q>=ME!(7X-=31"V&&Z>3F\659O0W+
MEI8HR]"?&M[8^+?G!(4$:,9J?XI?1O,Y,=P+4)EPW5/NT'QY2FQ'.JU/VP*I
MI(/6.T65<F:YRN?FE^TE+/]&#;F%7=+V6YN?K/T@4\ULG<.K_0;=3B25G>B?
M>AO2`I9O#=P.2=1PE>Z"')>X"S*<_((NKL:_Z[WFDE/I54+^D=_Q,AU^7P#:
MPQ^#+O)I$9VC.+5&L"7+O4H"?-H48+^+`GY<@AA'M&:)UCPUBI5;&U82XO.F
M$`==%%(CF5PC7M5"L7'H@_XF],,NXHS\JO3<!!$O)#'3><<KO:BLA'NPB?NH
MBWPZM";4B%&AP*R$=W\3[W$7"1YHS01)7#2"3RM$*Z$]V$3[L8M\(A10Z;ST
MFE*@5D)WN(GN4Q=)1!K!912ME?`=;>+[W$6"#L4(-6+,*&8K83Q.!(Y^%P&A
MN"@,I"B@U0BSL+JM!#@9Z2#4?>`\_AJZYJW_0A'@@P)&.H.>VCW302+`#7B$
MBQ'_!87DNM%N5LB5<"9BV.`@P(DB.HT`"\OEQL'N)Z+6`,)6P`()'DAFHM.-
MLPKJ2H@3\6H``4N0(HFVCFDAK<JN!#81K`;'\N00<.!OP<'HPU<;>Q!XR4SO
M)7;%&KR2)(E`-H!(%C)"$:=8DE.O2-N5YI5$3$3#4ADT^A#^IE=2A6*^DE2)
M&)J54J,//AO-#U#D5?N5@"<":S(QK0>R<O%?"7XBS!;DJ?7(DETG6`*?B+4;
M:6L]8+-+"$M@$P%7SF+KP9I;63@.]R`9<M,2QGI0YU0>EC`G@^YF3E,/WH**
MQ!+F9.Q-2Q1J]H[L2L42]F2TS<T;:G&5,N6+)6$2<54Q=:A#JJ8J$DL**A&B
M`SYUQNB=*Q!+LJI$]4X\[<)!IP@6H^Z2(-XU_SSH_&^(=X^@)[''9OBLZM'3
MW795C"5]I*4),;Y"TMRLH19)=REO+(E;F%ATT)H_%]X&T6=!%\C%+PB+3NJ7
M.[/XAB1?(A=))$X!'Q0QJDF"S++)<?R'B>1$PH\B)@WX797%D269$\E-TB?E
MOKE?\JGH,=(&C%9D^B2N('&I_+<1`&F!WBJHGRRI+Y%GJ:KO(00BLAHBH*"'
M``MOY,70B+'_$."I28M5%UZ6U)9(\396+1T$7:(Y/T%Z"D^0N-:"KO_\PZ?]
MP<<?'9@<0YIP:N3:M-8H&E"6IJ+,DOX*SB[@`XZ"9PTQ#9EK('Q\"B3PBU"L
M$</#W\T=`.)ZIQ&DFI2I6/E94HC"84GMT:>"RL^2C&J'+2*)X/^S8",;9F/J
M,42#A@MHB*,.:S*I[AK0DIZ29SP9>HI@(&.-`X9"I#T^)Z>H[S'`T[0>U89&
M\N@H?<NEYM&A6H1:DB5YO%1X?%>394J4J(Y+=)3<$,LXV*O=0-56IY:$5MA1
MDY;!/$(M1,<\0&WD!8Z@HP'=PN^^3JMO6=E:TDARORY?(^N-@4T%-"#X]A6O
M)1TD]_U2="#Z@JPEZ@P]1KV)N5JT7.NG.3_8L1"VI)KD+F*.>\25@WG/D6_0
M==\(NTCTC@X&?T/\QFM,52VH%'3U7HKJO125#BNE7COW+RD//7=)&4\">1EG
M%AO4M[`N=TY?PYO+8F_\CI>**RA@I:.SEI>]TJ??UCWEO[VH24&+BCEIZ:RA
M0ET:7:0R9RRR4.N*@[UU;VQU8;*W[+%ZBJ$EW]?VS[/[B?DR79K\[B6%7T?F
M8NF^#C)+`@%%#D%#M<YT3AE45>ZJXYVRL<K:JME":,W92F<EM4QC\>ZGSS!/
MO=Y`@CY]ID76RB!HJB!:?>;*$SPS?%=JKZ%E":S9!=&@U4:CIJJ@U6.7-&$S
MHY+FL5-NX`2`#[]GZ^1*G66FPS:NOX:,<4EY/G?ZNFYRBU_%*Q#$?:7$3MR-
MEU^VL/*N[C^V_6EN+1)G>5(;ETY;R?H[X?D!F0V?",,+(HW`6MPK#\!_D],5
MZJ'%>TH/Q1IX**V!.[+R3TG.8/'+L.%ZV)H2MMHO<,MZP;P-%VU`)YEI:_/N
M6LV`O02A3=LQC:)B<[JZ?!NNITWRS%R\L3(L2N_AE8Y)$[?`4I[4J?D61>D7
M\TH"):]\Y3ZA7/\EGH+W^$K").]EI3^35.]-JBW>XRM)E;Q>E?>T4@<%??"+
MEWXO80/GY/T$_OT$_OL_@0_<_5</\Q<)FL0Y?9U"G^-Y\$7^D;H:=;O/R,MH
MH&T+%`EHT3%A:N-F#IU+Z9P62]'24^!=S=/F4]AJ3=CF=T1!^A`F!44O5$DT
M;>C<-&^0T&+$[9SL1`U$;,5>FEYDCBR*IHY(U<V2B[SR0\YJ[.,GT.?DB5CT
M43R1SL]!@K]",6Z(FVTO50[W@[:77RTG23LWXI5DN"/^<Z<.?PH6?J>>$]8<
MX`^4\!>>D7/B_[^CX<MT]9UX2'F1VSEU*PD;UKH`8:]!>3#]\;6_A?/.:G9D
M_)VX29&`[=RN5A)MQ/>2Q!#@VSI`P'AY$WL6%IO/69Q6P_\[<1%%.17VG=OJ
M*1-L53]UI#/]3GPB3[C,6R;M=P1H-//$%ORN<2-B])T8?%.@+",?-7;*E'H0
M$#W*J21D[OE`\I'E_/.!V$.>P?E`U+L@B?4?G1R\'QR\'QR\'QR\'QR\'QR\
M'QR\'QR\'QR\'QR\'QR\'QRHK^I"X+]1RUNI+^!ELOO/;VO!EH*^S:<"R767
MFK6RZ-Z(N7+A*TQ^;5A-@R0+1AS^!CUJ/Q$FWDJ1(5WN8OHX62TK?S$=]LQ7
MT^N^PX5UVE+ZI,G[AQ-^/1>S&7^BZYI@1[R\3^R>>KRHU87'7\EW0]SH183K
M>GGJ-Q:/D]6W"G8D8JA0`(LK=`T,^<A$T4Z.#0EPZ"Y60R_GKF-SUSQWUO<F
M^WS%EWLACG15-,T&HAQV<VI4NL%\7+*8?]TU[G+K^N<:<]O"_K*]@NF9_^!/
MC,`G_P]02P,$%`````@`,##:1HTL;,?'40``Y[L$`!0`'`!M>&,M,C`Q-3`S
M,S%?;&%B+GAM;%54"0`#_"*-5?PBC55U>`L``00E#@``!#D!``#M?7ESY,:1
M[_\OXGV'>O);>Q1!CH:CPSKLW6A>8[[E3-,D1[+#L:$`@>HF+#30!M`<MC[]
MJP,WZD2C"]F4-V(M#IF9E5GX95;6E?6G_WI>1>@)IUF8Q'_^[.3UF\\0COTD
M"./EGS_[>'<\NSN[NOH,9;D7!UZ4Q/C/G\7)9__UG__[?R'R?W_Z/\?'Z#+$
M4?`].D_\XZMXD?R`/G@K_#UZAV.<>GF2_H!^]*(-_4UR&48X16?):AWA'),_
M\(:_1U^]_LI#Q\<&8G_$<9"D'V^O*K&/>;[^_HLO/GWZ]#I.GKQ/2?I+]MI/
MS,3=)9O4QY6LQ?K-FY.OOGWS[<_O\;.?_'SRYI>?GQ_2Z/7S@MAQ[N6$YNV;
MDZ__X^WYFV_(_[S]^O[DF^^_>O/]FZ\,V\N]?)-5[;UY?E/\'V?_4Q3&OWQ/
M_^?!RS`B'R?.OG_.PC]_UK#RTY>ODW3YQ5NBZA=_>W]]YS_BE7<<QO0C^?BS
MDHM*$?&=?/?==U^POY:D/4IF<M'&EU^4ZE22R5]#!7U#DRS\/F/J72>^ES.,
M:9M!4@KZK^.2[)C^ZOCD[?&7)Z^?L^"SLO-9#Z9)A&_Q`C$SO\^W:X+;+*2P
M^ZSXW6.*%V)EHC3]@O)_$>,E^>`!;>@[VM#)-[2AWQ6_OO8></09HI0$C5*[
MOFO)*IB^<*WL#4[#)+B(AVG=Y9Y(?>([:;Z#`4U^YR;<)[D7#5*^R>E<[0]X
M6(_7?.Y[F@PJ>%A/-SC;:D?TE]?DIY;B^#DGHQ$.2M6I+$6`8TVQN%O(KJ0G
M?DMN1(-ED@I[A(E<>-D#D[O)CI>>M_Z"CDE?X"C/RM\<T]\<OSDIHN/OBE__
M3,;>51+?Y8G_RWN\>L!5(\S"/W^FH/NBJS7EF*6EZE[J:^PO*+[P$S(XK//C
MB/<T9U^DR4K9?-%!B8+HY^BADL=[DC0I4;Q%EN*,Y0%6'[*IO:[W"LU6$:&D
MF16.CS_>??:?G`XQ0G3CI3PM^-,7M<SID$(S%;S"<7[QKTV8;VG21M*_.,]F
MSV$FL5O#XQ)!1NHWT:1D`(,L$RV[*..DJ*9%_Z#4_P,#9_<I]K)-NM7')"&E
M2TPI5&TB24`&!C]RW;JH*2EY=(*!E5D0A'06X44W7AA<Q6?>.B3)D1(U&AZ7
M^#%2OXDD)0,83)EHV457S8,H$YDCHX(-!M)N<>Z%,0XNO#0.XV6FA)B,V"6V
MU`HW026F!(,FI7I=&)7$J*3>%3VK9Y]!XLV7!2#>_^WLY_O3N?#[=_[FXG,+
MU:%?M_6'R3^F2)M>"/!)7I*Q*("2!2+D:!Y&Z/?>:OT#_7_TSLN.T/7U&8R(
M<+K)"-*RK*&V(A.64KN,"1J5FT%!0CHYD,STZT*KI$9-C(V3]`H#Q%WX?)_0
M__E$TNOM!]*V-%[(25V%#YVR9321T4V."0/E>E.@9YSZ88;131KZ.$-?O_[N
M6W2,_OCZS1L8T>7NT4OQJ9?A@$[3<)RQU7+VVVRVR1^3-/P5!Q_C`*<L'Y^O
MZ=]OB)'9Z;:TCAEW2^S&JCGZ/EIR.K/?7U>UU@/&;V9RS]F_;5W'&[FE?0?Q
MQS#-MRRP7(3+QWRK#.,R8I>!7*UP,Y2+*2>'I)%ZNG#^S>NWWY!P_LWKKW<.
MYX;C^_VGQ&*(;U!/-\KW5)8/]!4I&'BH]=/CX^L3AH]O]X./613QEJ28Z%&X
MPH%$M?+;=_X,XGN+==)_XV]/0*5T9#)[BS.</DE@H:!SF4Y)U6PF0SVBR8&B
MTZP+%[JT\`].`63CHU#[KQLOSLD,%9.$YYZT.5\4?U#D\&:L;I<?S8UI+T;J
M^<!@S4+9+OQN<$[%;U:H1"NH3;@/7KY)O>B=EQF%+#FY2\SIE&[B3$8+!EL:
M!;MX*LCI&BFPL'81XW2YO<41/5%SCM/PB4SYGL0+8H8\+D%EI'X364H&,/`R
MT;*W0+].R:!)/O-7)*]Z3Q1_9&=?CY"?;@*,$O+'H)*$U@E?9]UY"V8<&-8V
MGFZ9LZC&4QFQ2^"I%6XB3DP)!FI*];H8JXF/T,,6<7K7JSPG5LL\)Q#6>4[,
M%WI.@(0B,_T,5^Z_>?WVZ[W@XSSQ-_1\U2P.+FB6MZ6G]],56[:</61YZOFY
MP#`S-E>(L3&BA(X)#P@,62C:BS8%*R*\B#.C!O>8(U>&_=?+Y.F+`(=TT/J*
M_D#1]E5CK"*_^IEK<8N7(=4\SNDUD8[1<C(7>-(I2?$CHYD<+QK%>L&&0Z*F
M9;=VIH/%&<$JR?*OX@`__S?>2HWKT;D%AD3--C(Z1("@(=9,@HV"&#%J1,BG
M0$<9Q^CJ@\"L]I]=84&D5`F!YM]`?'F!0M+!@M),^96KZU?T_J'"E@Z=Z^\N
M5+,+@!81*"2(-)-"@A.3%")@ET*G0,>,*!)092XC;RFPJ_-W5V@0JE6BH/5'
M$%]?I%%O':2D091HBF]]MDE3JF.8^5[T=^RE\F`@)W6%`)VR)1AD="!PH5&N
M=Y&+DR-.CRC#I,&!)RL_X2CZ[SCY%-]A+TMB'%QEV::WSF%`[S:=U*C=3BLE
MQ"!`9*)A%TE763DQ]1#E//Z%LJ*2%W'F_YH.5#\FT2;.O73+BCET5U05=&Y!
M)%&S#9X.$2#0B#53@:7B0(QE0H04P?`6KY,T#^,EKWDAGWY)R!W/895*=Z:R
M0EI`Z%$J*`71'S)4<12%2E`A:4(T,32?D7%TF:3R%9`.E5OL"%5L0Z9%`@@I
M(KTD*Q]%\9Z"=CI`W&P>HM"_C!*ONQ`OH7$+!H%Z;2@T"``!H:^5!`:<$#'*
M"<>8NL("/TP^W^2L2!6)7?*PJ&1R/-X8&-`9=10<@(!DH*9L:;51#>,(<6;4
MX)YR#8Y/[/BRSR7YG2B=4="Z7HN3JMM=C^L1@D"23COINEPQ_RZ6YQC+]*BA
MJP%FF&E03H.8GJIBO%1D`-'2U4V'%;96,SI21JB[,U]<AK$7^R'Q@.)LE>0`
M@AWK)%5X#(P1%N-1\$V.O0'*]J['E:ST!GS%C$IN](^2'\CASEF6X3S3P+!+
MY+3$BE#!5DV5%@48$`G5ZNU$W-U=W-]!@D*Q/F"$B!ZM>V!(U.WCHT,(#"9B
M[62;$A[C@8&:,R][G,4!_0\M2_;D19@6+\O/O#3=DAR?%<"3V&[(Z[1.H8TY
MK=J%)HQ@4&>C;0^%A`F1"1SRZ0^X9H<!R)GO)QNBS2WV,='L(<(?<&X8U8Q8
MG08Y"V-:,<^`#PP8+93MEQSBK"BM>+^'`<-Y&!$'>^=E_R\)X_PJSC'IMOPT
MC$A+R]K2,O)+NL9:BN.+ID-,[%Q#M1$!!K+#]!9=8:6!=.EE*",Q=#_%SOKN
M=9]Z`18#SX3!V4UW(\6KB^]*ZLF18ZQBOVPG(8$1TVY2O/;"X.*9UGV1`$A#
MZS(^*=5M1B$AX>2(,=&N=RN9TR(_R<B@2&,+YFQ0DK/F;,=D1C3AG%([EW2*
MD+SQ:("^VV2QA`I!/L!IY$V:K'&:;VFA*'81B$PKUG0=C:2"FJS=C-5MX#$W
MIAV']'R`PI*QLOTHQ5EY@"KYCI"7L\`%`Y%5BE=J>[F)HC.BWGN</R;!NS3)
M9+>/S5@G2=4-C!'FYPH^,(BT4%:5B:\Y=XBS(T3+CBY1_HC1@LABZ$0K)@T&
M2*5.."<ZRXHSZ)A`A,J6`49!DG&``:.1FCT8TK_!0!:9JVQ6FZ*ZQ#K%?LAN
MU)*?(\SVP>)@MJ)'"W]EOY>:*U_S&4F\X^6X43NELV0WBFPW'B!\!6VO7UJ^
M`EB*1T%#_A']%V^!17:OT08,#U,E4`-R+B!QNZ&\:6H+:QYEH*EI/AMC(+DL
MGQM^()_58.;=)',_^>XKV9]_US1@AGN)8L(!'L45&:@Y.+=!:>`4B)#C`%;@
M:.DD7GF9`?K:UZ'W$$:LZB&)<NR,[F,2!3C-^/-BFE47<W:7B+$UJHDI4UXP
M,<=2X2XDKZ]FIU?75_=7%W=H]N$<W=W/S_[[+_/K\XO;NS^@B[]^O+K_.SBH
MFFWDJQ@F@J/!IKV<&B+D[(XL134C#$R5>W$WWI9NQ-%9B.^G&S*7Z9FH.;9@
M)&&*0R,6IHG.CABP@\&EO<[2DR1K+H)/&KD0:)MH7*NKV$]6^-Y[-@"JC-XQ
M+-5J=T`H)H8$.:6&O5NYC!#EWG,),1AHJ@MV&D<^-<LT-5;-8IN*'@RR#)24
M5UU%84P&9'8A!DBX,H;5U&`R@]#$P-%.0XTQTSX,`"Y!NT[BY3U.5^?X(=>N
M7,F(G<)'J7`+0D)*,/%'J5YO%DF(CW-"C0)"#@,Z;)GE%N=ARF]Q/43ADBW\
M&RZ!:EF=+X(9&M-;(M/P@8&<A;*]Q)VRHK3B14G-#`..YWB!B04!21(;P5D+
M13V;VTS+S(AVMJ7F`0,_0T7[61=G(SE7E=O#&T=KA?09PV0)ER;3`IMB*7,K
M<%B@!3G"G,T-Z.VO)*:5H7#LR[&AY'!Z,4^O>NLZGIP<3-31Z]A;3:TY^`V\
M)@\,B%EO)$'9.K+;+#J`[2'K#:$FPQ_8.89\U*I@.UT\X2,M4U%UI5A(Z?C2
MB4S5SI63+AD8X,AU$UPW*3*@C)*B8_1_3UZ_>8/67HJ>*-\/Z.3-T9LW[/]1
MQ@M`>=4KT3_0DQ`8)?NI"+7;,%E4O%)>7^^1N1X014IV1\$F#1B(2103C7=)
M7(/KS>NO6^#Z2@FNMT<G;[XZ>OO--^4?0UIJE_WAS9=_9'^@@RC]U[=-L@8>
MD9?10B[\K;0O3X[8>VF<Z\W)5T=DVIFML4_772,@H7(6!*S2C!?=>&%P%9]Y
MZY#DHHT.ETW!#1B=KGL8&]):]=!R@?$!8U5[*QX5(Z*7_8[#&/F<%P8$;W'N
MA3$.+KPT)CZ4M4X`+T(_E*6")HQNW\`U-:3]`JZ."PP$C57M0K!D1+C@A(&\
M^Q1[V2;=:H=N$:%+9,D5;2*I3P7M<+]4P_XM=D[(Q_+JJA]Z]<T?V?!-A]1O
MOFF,Y.VQ]7,8^.I/J8SG7E-/9LTFL;#6V:3ZB9?;,K#S5]U)3?TZHX0-TME:
MS1*ND`<6W@RUU2[VLF@&%XWM^?V-E\Y35K8R8`'\!J>L4K/1XH"<>;HU%YU!
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M5UCVMDD(!CPJ[12%;8%`AE9`Z\!?9J>0U"E@%,JV\"*@<PJ7)YP^)!E6;6XK
M=`1<AM8,*9."Q``?4T)#?\K&"!/\D$/2&XE@P(16^:9G-HI',G0/6LK)W4[8
MU4JW)^MB6C"#DD9!>4I3UE8"DM)0.^:+=TD29'=)%%1CK<)L,;EK)*F4[B))
M1`L*20H%!<5W@XT/IZRSM)0!+1C%ZE$7+B(QWX(?1!D*F5E&M2BZS&!`:*NQ
MH)P<)Z/7A[P#*%&AK\PNZ2DS5K>E*LR-:9>KT/.!`:B%LOVR%<(R^4=`Z^2_
MPS')%>@@,`M681S2O(+>"E"'42V72T0:FM`$HX8%#`[-].Q"L.#BB&OQP<!<
M-YLU3'JGG3^8S!M@33TEVNGFGK#*L593&;[F?ZUX%TQ$Z70]2ZYJ:SFK3P8F
MWLAUDT\Q7T6$ZO.B2A,,T'Q(XJ1M2>$#FI4+`SZ7@#(VHPDO+1,8L)EJ*G[F
MHZ@*]JH,5Y\#6>*XBI]PQJH(<9O*YZNE&Y\R<K<[R6JEVUO)8EHPN-(HV-],
MYG\&%<%*I=1I>(_*+6:$*K:ATB*!=K]:K)X4'T6D@0&0=UX8T^%Y'M?5J:_J
MXM0?<'Z3XMQ[EDTLC-F=SN0LC6I-Z0QYP80I2X5[DSS"7N9>28P"P#7*I0.]
M;6(`)/VR2KM@S0EU:G911E"($E&^!:1F1#U/N23?CE=YW!#;BNE)$F>G>)&D
MN/&0Q/LP3M(PWY9QG<R0VU+X=73^K'&=2\BFG4XU<'^ZT&G7]D\L.FD>S)#@
MWN:NO[^Z9@-*67@(/;#VZ*O=3V%&-US(/QL%F:&L$E4=4D2S4QSC19B+>M#H
M8*^E)/=N.<C4OGM9B0'F)D-T5SP;].J!2_F\S/.!K"<4SXQ(;)8M_6J8G"ZD
M&QG06E97<H"!H9&:DB?[8&"K++%O!RXMUQ0O)UC`2\,"!E]F>LJ>38"!,#MD
M@4"4!9(@($@[Y;.#S_W\?G8-`SMD[JG=].O0.%T>$*G76A)H$L#"A$@UT=0?
MX-Y>64VU+-R@R>?EY"ZQHE.Z"1L9+9AQ2:.@9$I93!I)9H[\X@XQ90:297=M
M.O6RT#>TOZ"=$D\M=55@8H1@D=34K@LC]C>88#D/HTTN+8HAI9X2,!V559`I
M2,&"IJU?+QWF?X4!G)]PN'PDVLR><.HM\8?-Z@&G\T6O]H)F3+,7XQ)J0XUL
M8M!6!AAP#E2\B]I2#/*XG-:0V2JX`63\-+5;-:Y:RH"(:>DX;"4`VN76(<H#
M'KXEYA0CA6EI(FLI`/"J,]$`L3(1!X)9C?J@LX>JW,F]]Q#)SDYTB=R^BR!2
ML/TF0I,"S*@M5*O_@%]5;8:102DU4ZIU'<;XBOPH6RH3$4Z"CIZB0H145/!0
MTE5-@11*BA@M%+CHJSA.5[I15Z]QLB*-:YR&24"^:YJK!AV#(HVG>!G&=/Z*
M'CSR!Q\?H3MM%;2]>N7`MVS>@OP`<CT-/L1LE6S46[-PMA/<=K\J+(KU$NTF
ME$<(V:8"D'!(`<,=]GR3$C3<,*"QTM`SGR`H8X\!RL=44W;G[U-9&-7S=`->
M,/"S5+AW`HAP4N^GE01X45-ZPFV=TE.R<)Z6EQC)1XX;TIV/7H;G"U97P1*K
M,AD``*LVSP"U8@'0H:O4NHO?BV="%2]QT,3M%E9I56;G+5X7%O7]5-4_:C[G
M*#4QHX=,%1,L-!IHVBL15#!4$10^Z)0EH4T8H<!.7C!:SW40P%.6D^XA#V#8
MDV0F[&_S-<M,+IYQZH>9?#YN+P?`X*TWTS3M%`J!A=X!FNL3T?PQ33;+1Y1P
M`0B7$F#`>Q;\<U-<)KE/),^MTU.'BP7V<WH3I3SB@8.S9$6/(JH*7XTFW6D9
MMW&[I%7D;1S18-QF7'L$63'.,G:OH[C6D2'ZJ;AG'3]0,71/O9(#PZ6L/`0"
MX,WQ"QR.5NAB81V!!9%J5CE"WJ$4!"#Q,##4>.G@(%,/O>H]0/-C15?:QZ*@
M[/U,L?EP$2N+B0CUZXU+[+#!H6_]?`FP]^5:ZKZ!?M=G@LW\^>+,RQXOH^23
M[L*RFF62#7Z%\L*M?@$]H!BK55*^_4^F<I0),2YPCQ1]P#G5[H;>[0]P<+K]
MF-'+AE5EOYF?AT\AW031E<T;(,CQ3:V!AG;V7RVE@`'Q8-5[MY<IFA<,S6PZ
M55<-]2H1RA/)<#;0W0YB!B<6Q>H=R*V\UG3^%M//%4:X9=)],DZTV4]3DRT3
MC=Q9TC6CD=H!$]/V:%SON8&Z*90G*"T;0W'7&>F?Z2]]&B?71</H80LJ4.ZA
M9(+;^9A!,#556%8]H5'CJ%\99LH9\BZ+;>"^DD9/X;J;Y>+M7OUHCR]A@/M6
M5EH;/HH!]$V,,W:BYBK^&*?8B\)?<5#7ZKSTPI3M[?T%!TM61+$JMGDBZ;GA
MXIR6:=K1Z%8!IX&RP"07.QK0*X%`N3]'-%.`7JN5#)CTD6Y\COE_&_E2L2NG
M+Z!G+,!Q61]+PSJ5?@RYP6#86N7>9)\Y048PRM_8REBXCD+O(8Q8`GO$<MUD
M@1XV61C3#5<R*C^$,2^]!^1F<K\;9KY/5WPS,FG`Q`_E=^G,6*<%L=P8-7S[
M?("!*U6VGV=P%O0J+(1\SN!;\-.I6R$`*CAO4KSVPD!=(%O/-BTHQ4:H`=GF
M`0Q&H:*"PJ(<B`1]:\X`[&$EP?!`ZWQ_(-^;EZA47B8PYIYXB%>9I!G?1:R`
M8:G2US!,QA5W,>!#12I]_W/36-S!V8VWM1W(91(F'\_5IFF'=3$[8.3J=.[-
MIDI6MNI:A=G&BMV:\P.&+TM'"C/I(@KO@NLZM[;.C=3")@>UL<%F::M*$FRH
MFZHOS2A>!0WXUZEM@7F^I,:%`LLXS'>A=][&AGJ^8+=S!>!JR-KI+=K*-MHH
M`PU?_J;&",=EE((`P-G`4`-8*Z2`B=N#5=<=EPE+"::[P.[034:D\C(&O32?
MXGE(GYU^YV4WQ9UB26>9,+I$K[DA3;3JN:`]7FBL<?\T`[]LP\XR)"%_)GSI
M9>"*'O0L/"V6F7'&7CGB#QZ1I&JQ(*D3Z2]9WC!$T*20-394"6&M%/"0-K6@
M!_&Z[D=S>P(HK-G*3>FT-\00^H@7/<2^IG3&[J^1,FT,-C)1'9"5(L!#V4A]
M=:AFSS"6%3Y8U,8E/PQDW^$\CXK#\FS]\1;GQ'3VBX<H7/)]P7M^K9DN5=(D
MJ^@H?@M#=DYH!,%.;T*,UA&M4UT[2P6388]F2N^(6"68!GZVBHW22C9*:N$P
M7*8TZC))1:\`"Z8<FH!C(VB*(<'>4-&H8"X%ZL!@;8$:Z?61(BC`3A,?XX`]
M07KG17B^Z,U/3+(<6RE.(3W,Q!:>[42`B=_#].[5[RFD%*49B!P*9?&4%&*^
M8[Y.M/-"$]05P-U6_@YB0=L\)%<+VIN,W2`0KO>!ANYE&'NQ/\)BME(0`"@;
M&&H`:844,*%ZL.JZQ>Q%*0'N8C9)LNJZ<O/%&7M$A]TBT6=G4L:)LF:-(9(L
M6<(%."M6:ZQ9Z<OIQO@FW4(J1-G*E2S*[QCP39;MFA;7T3*!"9.FFJISV+)$
M7UW$KRC>!P.*Q+<*1YLOKI-X>8_3U3E^D(WM<G*7P-,IW<2;C!9:O-/HV079
M+0XV?AGC(D)_G!,&,NE_`#(3:GJ/S#8R(2SNG=QA?Y,J%[,&BYLJ(@XQ6A8H
M;62!C)\##%"'58B0-\^K=T[,H<Z8=ILI'<3D7ZZWT6FV5\5*P.?"V1(,(%.S
MF6=FCW3![LF+J.?R4H+=$ZR2SK,3X?16\P#C6C>9+?C!Q.(!2HO07)XSIBM9
M#-ET"9;]@&NI$]5>$)LX(SZ<IEOB9=+W&(P883YN9:>Z</E&]`61EZ.'ZC$L
MDF!R=5[FAP58NM).<:O/BLGOC3ZHPS,BF_6:;UMZ45E0\2I>).F*;<OKBEV:
M<CL][6%G4NM(AQDKF)'%3M_>EG6#&P5AYD=)MDG98HE?+BZ3P:82!V0UN3QX
M2&O32_JE3>+VLE5?N?85JOKO8&`D4$H8U]BU:?JN55@P0`%$XZ:B`A,=*L=W
M\$0J=B[7-4D`@4.DE^`Z7'';$V<,)S"@40;%XLQ:O7<<!X*IY'D5`S7CWNYB
M74^ZQNB$;GJWBTPP\![)D-Z$+8F/V2#:.'-`LK^];-*NGGV&_S=?%NA__[>S
MG^7'.#L=H2-V@50SA2G^U)10BO09:=G;.]WCZ5@A1.XV#UD8A%ZZ+:\[;R5Q
M3TOM"B0&*I<H49!.'GS,]--LKF>5``*:;!.Q(!/&*'_$]*3U9K6NMJCJV^SD
M+R2#B^BQ$2#I?%6_KWQ9M;BA(<OC%/0N!U6MVLW14DH\.1)-->QBD=*C)\I0
M'>P'LGZNN+7V+FV4HI<<>9&S`;F"V#+"\,(AXP&#-4-%I5-0&#AKE`B9T6B+
M`UG!62&E2S0I5&T"2$`&!C-RW;HPN6X-=HP4!F"*8C/T7;`D"GV#EQ44#$[?
M1]`JWGKE0$H-!DQ:%?N95\F`2@YPSP>50?0<9WX:KHMRX*=>%F;SQ0WI0KK.
M2W][CY_STTA^Z':(()=P'&YH$Z;V4L#`=[#JO44*+R_6^XLJ06!.1MZ%RSA<
MA#Z]E]US5AV`39F=;DI9&=3:DS+B!`-.*W7[.U*K%9W/$D0VY"!!^(4!T](3
MSQIUMC6#NIIEBCBJ4EX4,47T8.!GH&07="4+:O*`'=X;2M:+T:9#NHYY8O@I
M#-(`4<`)&9)R=8W`"0.1U9)1;8TN^*E9)EF^4R@O7,$3T(-!FH&2PG4\QH,:
M3."B7V79>W:A#//:#.M-GID'04L9DZ#1QCPA/$T$P,.KA=8*`).LL=BR]2)T
M!>TE'WKCPOB`@8S8)2C5"K=?4!-1@H&94KU^+?Z'O!$*P47"]L6=:WH@O.$M
MVKFQ.;MKJ-D8U06?"2\H.%HHW-L&27$0YNC2\]F>,0Q42@\[&$<\*PE.5[_M
M36LMAYNS@T&HO<[BLRRU"%3+@!Q<#0S7!5@[$<"`K`RT-OR'!&5=P%5@&4AJ
M61W1-8ZV2HY)#D:;15,%.1C(Z764')XF+)"#H\`N73!4LTR,,V6P4]%#1IHN
MF-50VWT/17BHM*ZB*5L,E%*Y.D2J4+$\/"H@F?RKJ_7JSV.!52`5E5>E=>2+
M9YM%9^SUD]E=1+J=X.YN?'O2.UP>E$/R(]H"'ORW8?8+M>DC04J:>V%L4,I1
MP^.TYI.)^JW"3RJ&R2.IC9:]VD^4A]WE:7&!R];.Z%>-<WZJARIM'E;-6)W>
M8+,PIG5+S8`/#!HME.V"\KWWSR1%9YLL)\E="B3F73PS?V!Q/2"JI?J0IV9Q
MB3@3Y9M(4]&#09B!DEUDU2RHY@$8[.@[1.RQ9/KD8:_V>7UQZN)Y'27<Q0C-
M.7["4<)*F`_)/_??K-L@ZZ83VP%ZOVV"<3U'AG;==UX4[R=-(:K"5/6A+KR4
MEC.B1:_N'CWU&I^,UG$5*(.9BU;37C0M&!#A0(P%7"CMVJ2+@0IZI^.U3FT5
MPN"%"YV&76"=G+Q&KZZ3+/L<%2M\%&&\7C<'&A!TD3`GO64N(W**(Z&"+?"T
M*.`@1J16+_XP(G`QAQ7X?DRB@,Q=N(H?DAR;YV$6_$[O?-B:U;KV8<H,!H&V
M&O<N?S3X?_^[;]^>_/$'Q.7`0&EM"7L)88WCC$_5<43KB[/TBH7:!R_#0?4\
MGN:@WXY"G2YBC](!K67LG22"0?XH9O36L%L%^9IB42&79_1'?'P_9K)1*1Q<
MC#?NH]-F'VEW@':5"M)_U%TPR('$(@_/@Y1V"$<4-(?UY`<SZ,8CD_[[U"-F
M^B:W!O5L;I\`,3.B_12(F@<,%`T5[;\)PF,RXT--1G"A6&:A><)M)0$",@V3
M;@MV\'@U3[SET(6!5[J,$>;EL8"SA-T$Q[%O5;'33H;;=?<!YK47T2T$@,'M
M$*U[=R%J&6R9NR4%\EG*AN(VVTUJIHE`:[S5H^*`"$OS"'KR]6O$+O*@!CL,
MI-WYCSC8T">AZ5LZN-Q0P@$[]Q*4_ZIVI&YQAM,G_->-1UPI-ZFV,F(#3E?G
M1N^8UO+=:-+!>,;H)JDV*PMF=.[E'GKU,?8V04ARE,]A.!6Q*<UQ&FVK^\:-
M5Q>,<Q)K*2[=8Z")31^P%`$&Z,/T[J*YDM*ZE%[)@9R=*#M`-QZ8,H,!LS*.
MFW$>!G2URV4XPCZ="(J@"S,0DX0_2Z(P8/:QVF!;@].M"A;'IUJURG=.LTKI
MP2#00,G^XZ(AP=@Z(E,VMM/1$``#91_IX^<761X2/Y*^']HE<HDDL8)-[+0I
MP*!%J%;OU$+Y=Y8=SJK2]D!F6)+G'<V"D1DO@"<Z#<*3"2,8Y-EH*WWDC_W0
M8(<!R%OL8Z+1`PFH9BA4,;A=O=<IWEZLEU&#`9E614FA:3K_+3EA8*HX_+^]
M6V.?EF4MZ[!6LWW]57!S`6XOAML:UKXF;LH-!I/6*JN6:8KSZV`*\G8/UH>E
MXYD%0G-VEQ"U-:H)4%->,/"T5+A_7\F/-D%Y-FHO%0[.<$A(EO?TP4P#;)FQ
MN*I]8*I\60A!1S\Y;BR4[*5QG`W=@WG)]!RO4Q*5^4(C)C/BXA;0;)403_C5
M8I5CD"2W%1$&F]HNA&`M9G+([JY[O]Y!+>D(5;+X?+DA#0;*Y2\C<FLEW:5G
M`U%-K6.$406U@@?:_39#?0^X8)I9,)633U+"RB`LRFBA(4RCYSZK5XV#I/("
M[TU$'SR)`[H8Q&[KFB'+G-WIZX.61K5>(33D!3,*6RK<FPWGCS@MY\%;-N)6
M$F!`M%$,R31WE#-,4S3+9#E03@TMZ&DU!5_.JGL]V0Q76JXI+XP;($S#`B:B
MF>DI&5N+6^0PKX_?XB<<;_`M]I-E')K/A@WXW.YS&)K1WN[0,('!GZFF_7L(
MC`\U&&'`[IV7G7H1/0A3/&5GN)QLP.<2=L9F-&&G90(#.U--N["C^Q@5(PS`
MU5<=FY<AY^53GU>L4!Q)!VC.JEXT&23)Z3'LX::VSEO;BP$#W.&Z"R^\%C?!
MF[)@H/H#_M1X$C1-8O*CSU:(K#;I[,6XQ/-0(YM@MI4!!LD#%>\G`A3QK6=?
M6[)@P+F^#U$D++_BX"J@KKH(<<`603-6URUE5R3Z+]C?T^,=YM=K1FIEFCLV
MHW:1^*+-*$V`<:7]V-4[>DM4?J3WUM9IZ&/TB:1"7L1\AHP@>8+R1XP\UA;R
MBL;8$E=4-T?_3MM#7HYP<5(S0`OZ+-\3?98/G+=>AS&M,L&>T2I>T;*ZYJ;E
MG\;##,T2^XZ&&:!7F&FL>&#<X^4TR<\Q@_FI%_]"?S];8>(+WA'Z\'KVF@`]
M9O5W?-80-"C+-^@LQQ9S0=.`V]90,<I-I0"$NZ7JO8PJB:)%DG[RTH"BN0KK
M**UW:1-HN[2U]>=X@6GEW'OON1CY6B.>)=@MI4V#^$$FBV%O)0H@]H?H+Z@4
ML4YB5BB"X#\FR`\*J2CWGLL<YU4CKP%RPZWNAMJ$^:+:-[]XII-\?(ICO`AS
M2T<8('$:9QALNM@AK,4!=(JA-DBV?:@3K-/D*<SHN3'R<4@FGV\@3K8O%@M<
MO&%06'U+9AQTDA33+)#?=+7S@R$BIW&$X<:+/<%>'D!7&&R$8-VIP5(F2K5;
MD`P*A96_D*DOF2&W_DU^7&_(]!>:SWR,TVH1@71/$1\RFA5>\JS0TF/L!4[C
M+T,-%WN+K32`OC+0!#-/><#+,*9'#]@:$8X#^N,#VUKC=[LWC=;9D/-0M+_O
MIRB9488/4G9I)WB64JRNX''*-N'D>#/13G&X"7$&:-'S0T)![D6S%;N;.5_,
M-WF6>PS>M?8W"7^_Q78VNJ/T:>+J*%TB#K([B9[<`_9C3^_0*4GSD9]N`HR2
M,")3V5(,6I=RT*<P?T3$K#7)C6BBLMCDM-80R6:"#:ONB?@^,?GAP]_?7_P-
M_71_Q;8!X)R":*P`5#&B\4;H74[2O!6?`E6%:FYPR@K>$##/XJ#^==$OUU1=
M^QG"_A68:I7)3<?*%J;VVSK`:.#(Y&[`^(#SQI9<F:_1-00OWA:/;63-.%)N
M^G7W^LB_"2<1%!7-9^7^B5_5[2%!I4CZ4/:(,;A=$^&#PWP2.8_9>7[:,2E^
MQ'%6S2KIL=C!06/'=J:.#:-TDRX$[-0(:$\?P[*N0U-"ZGD-EPWK9NBJ!+\&
M'PJ<,ZNB#0T$].+*.+L^XMOR]!Y^46'\/JEN]]>/&2J=:I`$9W?IAYE67:VW
M8Y\<XL-U[F_&$"DD-XW*8R9$/Y;(TN%E2<^@5/+V@LG9<IGB)6G\S%N'N1?1
MY8C:,EI)()EO4L$CG<:8';T%5YC>4]>4F!]9/`B?V(]-O4O592O(KYLA<;WR
M)+K6)G"E=74S<32?VN<9]UF:$JO9Z'2Z[;WX,Z,+E,5[/N\(84Z2:)(FATGP
M$PZ7CR2:S)[(:+;$[(_GI+<N2=+[(\UYS7*W:76:_MR]X^[7G^!WI-#D@012
M+R@.S=%<<DFE'--4LC.ES-AS6PE7A),5QT4I6SG<>W7]3K3)ZA3U-(R3%:TT
MO$H"'&5LLTTH$4CXJA)]\2=C5S&*CU*$^JWE_'&XX&DFC+MVA'B&.%0J')<>
MRQ2CPZP=-]Q+_LQFKXW"XB38Y%X8\U2'7ULR0?QNHEQEQ+L:6Z:^0^5,CN,1
ME!<7S0@;KR&L*X$LB5WS\E6%3'`17_C2\4]>R@;?>7I+1UV+&P76\B:*[\/,
MEH1U.V&3>\%8%LB">-,9O(=DDU=I3U+O%\)PA'+QLGSHRBBMT3$Y+:AJ9$"K
MC*J2`PPXC=0T>KP,O>)G,78^!2U>%'ZDTQDZ36$O216//1DL!9OQ.5L`MC&C
M6O8U89H<4;::]I9X.2^=W''N\D6O[/N](*H(HYJWR8R!MILX5_@;P^@2EKO(
M`H'6$0Q03+`*$%=2V;)&0VX%[[V@F[2^)'V5T6/_\1.MBLVNUQ.-AH![)VFN
ML#V"R26T=Q`%`MF[Z]]_<8E++-Y;*F26(!?!>D]1F^:U7AK0O8SW)`79I'3C
M/,Q8W0<<7+(C:Q]P3M]9N8R23XTM%<O,86\M.8OU^^VJ:AC83S,@_&B_MO5K
M\=2MH:(YZF]U@XBWB.CA+/:2$&L4W39V\YSD3E6>MW,'==]^M<CH]]^V\UF!
MJ^[LS2SVW3`(;W9MK6*&,Z:K"QY!WMWMQUX`53\S:K?+925KFH7/`>:*%STM
M!$WN8V-H;_W"[+YF3TTOKQ\6$N?:,EJ',Q^UNHUYC9AP<NR8:">8D]#X)SB[
MM+=C@,5C>_5;>Z+370(B9X?QI`I6Y^EZ%""^O50MZ7N'Z6CO'0H_]7V2>U&[
M:)I`;2&5JX^M4+'\V@(2$)];KE?W>S/*;D6YO3KWC;?5>'9%X=JM.ZIU?;KX
M,X@O+-9)ZLUK3K:7#WNZR<(89QQI_"I46<7PAA8QG$7EU21YS2R!A>.(=06A
M,3NAQ-T8,D&`=41#Q$];B8NFE84P]X)Z,G%LV2`PNT_B"HTRY4ID=?\.`B42
MI40W)]>M*JDP)N/7C?J7DIE;F\3EU%FD7'-&W/R[4S"LV;'HNYS,/J\5<UZ!
M?EU<G!8W7+T<S0@L(G1RA,BG^@K(6@V93?D8!]DE^2[4FDR#%06]XY?'U&IW
MGAH3$T\>7TPU[($J2=/D$WV[!P:*;O&:7S'(>,%='8H4]&[?U]&HW7Y71T(,
M!D4Z#?O%F4IZ%8J@A/^W$PP`%W%@'/[?Z@>`]T3A1_0E'P&^WL\FW6U=P5=5
M#?@<YUX8J2I=#17D*IG<S=`RY1PF97*7WUEU5>'G^0*IGN9%A4080X_4\+--
MFI)?2%Q7SP;BD>B.$4:/1!<\$/-E0YU[6ZA>FFY9N4!6&XM=9%)/L%F!?IYN
M`X=IHT#U5>S3;NBN.`\3`0*^"N.,H"S@GSST[J!TKSA+HV)26)`>#ESO<)Y'
M.Z&UD@`-K!W3;+%:L!\45-LZJY":<<J)Y@Q26V:^3X>#)"Z*FUM]O"ZSX]F&
MP6/0]JH+=ETX(<*<$MH7W"79`3@[--9YG'2GG%P"'T#HJ;8;+PSN$QYQK#NO
MQP]B\)"990;B#C/\@4.B<6_8P%GV/2KPCM9)2GF!`Y171"&96TKO.IYC_E_;
M#I))`0%6M8E&D!6+@`]<I=Z]/;TD/B[!JXC`,`#=?.BE_Q*2>)W/DM<E>*W,
M:4+6B!$,4&VT[5?$[[U,!617L6=)4?*.5B-EV4VQU-@]8#.`WR4FK<UJXM*8
M&0PV;37NG=3%*7V?V5MB%.!UQ.<>?I,1*%K)#^7OBDE5J\A:')3/H8@+-=&B
MCJ9=.DI3D_K`B)VE=)<1VH'K6>,9)QTD6+FO8_Z6@]_@/1@?+&\YD=Z@2QD;
M+\J,3V[NKQE@OC>HDRS]SJJ-0_*Y(899G/P$ZFES7M@]7@[.SE02)O4/O6E*
MZ,O9X:):J[/HX&I2,J&(<`'%J?"A!--ND3!/BDZE04I@"CFA[5A8:2U_[:WY
M7@509+)R:L8.RHFGC8M-A=4AD%*"1U932V$-4:#`(;'7U$1&.BEH&LHJ(4/H
MG`(FIW<%K>!2:RB^=RAX\AT&@"2KA8W=^6$+O4(!`%9[%889+/D*N,'D;=8J
M*Q=_&T^OP5L!;MA4OFER0TS)R2R+EL-=K^2G-*VE3!0@;4R4Q$X3$6[0^QU'
M;\Q>D5&><!BF?A?)%\\^+3&WJ`I\>/QZ,'\4.J,O0I.<@#\#S?^Y:+Q60Q^0
M+AN`#'VK+H0`9'.\3@'+>XM!OZ^J:`X<2`(J#%`1,_@]D^:4GC\5+.D`)8=+
M>!FHWL28@AS,Z*W745#E+]\0;&PE6V$P4&:]%`AEY<]NH>\`UO5&6,8;%5_"
MNV87S^N0OPE*'XN2JMPQT8K3U6TR2U/*ZV.&;)/#RE[7?I96<B/ZI-?1/L$V
M5N4#/H9O+Y/T(_GX[.$8$KG+A[$S]0TQ<W:W%1/LC&I?IS7CA7>4VE+S+G8K
M%I;;K4NFO<1$_CXSU2U-GL*,>IOVJJT!CZLX:*Q^&0&U#"!BGZF67>1P/D08
M4<5I<O]UGTME'.J51<7>=7%`1+@\IN2`=]7%4-_>M8GBI&[(OQEU]6DONEA\
M(AC?1I60VGX-OI+>^!;KTG^`K%!>+!;8YYN1A66W]&WFA"X\;4A:,Z_>NY?T
MB(T`ERF"O6%-))IS@X&FM<J]W+84P(!*:('4[JKMP?2[DPR(F2%QQ5E^B0-B
M:52M-;3Z0^?7X[3A$NA[Z1YA5!ZC`3#NL@^K>M&_'GQIX9L%%X&R:A4,O).=
MXV#CLZ#QUXT7A8L0!R0#+'Y7/&(J7];?52@`-[+L``._,90(;9=K%&L.<SU8
M8CI_TN(JOH@]6J5_T``CDP$`^6KS#(`N%@!]`%!J+4Z9Z%;L,O6"#?4A%M.!
M;)=I3.R="/K1BS;\JD44)9]HO;9A?6<D&!#$+3K"`O<&4@_%&<Q-$=Q^6WGT
MA`\*0N(L*2:DL+VCVM6TS&J:?`"PW3?#`+HU$\C3#*9::U=A7CWPM/[SB=?&
MG"U2@%O='*"[?+VB\67AS*@^QBE!Z3*FSYP1\\JKBY+^D%*[#"4:E9O8DY!"
M++>H5K6_2U93\]-V!3V=P3_@91C'=+>7GKYCS8,&6UGA@[[5MXGH-C6MK5UL
M$?`B(,W]0[L.M!8.`,H#.\0`^9:2P61^HYK3NP8:!/SOB-^X3CI[SRBE3SI2
M1TM0_HB17VQ>;;$'Y+**5??<D&Y)]^-64M%@G4K3&8-=2B+W,!U*;8SL$57J
M+2TW8F?!B23F.$"F5U;]P.NGL=N-/X7Y(Z$G?YAM\L<D52TPC]P&6%\R[9[!
M3J5KX#"]R]"J_KNK%1MH5[JMUMY;5E][ZPS/%[/U.@I]^K`<7V7']#F,59@K
M=_/WTA(`MQJCJPR<:Y=FH+O8"+;)3]-.=8QLA!DOP)J[.E6MYKPX#L:;[0H/
MB]95#NB=Y$LO3.GR,GU3)EFMO7C;*)E05`0DYM=7D_0G2\=NP-4QU/UT3'EF
M=5SIDX>OO9DD+\J1H6-$;YS0AA!KB;X:4[:%&M4[>&N(-(>:1>1!O2'3[1OU
MQ0`IM=L[FTJ5VY<VA:23P]9,/]DIWZ+>*8)=**9MV8<D]JV@U628$EU]Q54`
MJZG!8JRGHJ#TLW_`2#/LAFE198(E:)5DA-JI7J_?2]Y8!,'6`*XOCF;%Z2K3
MLS2E3.$,V28/0/:ZR@:\9HV7`XE%#8LMACX)US212FF".'`)628'HIV>BN'P
ML'%HTRL`,&>,-*CCI+[V"A\LK\<KN*);::$7WN>Q,`1?Q7ZT"7!P%9\E<99$
M(;WJ3L]9Y+AX5[D^G6.U^+*O-B=8C]EO]PF6:/;3X.0!V:65ZH4<VC2:Q\U@
MWF@=E<V3'U!3`51K0!=_:AU@+>[0)5XOH@N\[[PP[G8S70<[2U:K)`CS+3V$
M1WM-M4=D+\KU)M!08[M+_K9R)O>H$907[0]P4;S*21+3NB<QBI/X^!$'[&63
M0\B`&O[\(<G/<18N8^K#L^POQ(HP7C8(RDY3%:?=6>XTF=6.W2#.P@8*!>,N
M8UG2]1U*@5Y1M_F<^DU6G2V@FVJ[.-`>H2(*&,U>P?E-2@:W9Q$B3'D=[YMJ
MDW5KO<49_++]N?<3%X6Y_7OOGTEZMLGR9(73XM&I^8)I-0\C$N[?>=DM?L+Q
MIC?_LV=WE7$/,:I,GFUX)P]#`Q7N@I")0'XAXXCNVOM%K&$>@)(P8M5BEQX]
M?,ME30A''Q/W>.B]?SM$`"Q(=@VS`V7)?4"P[*BL`V8?C46]8PK+4M;^@?G7
MC1?G)`/6F5W330*SKII"-)5$\$#3T4R'C7\5Y#"F#_15.;KX0!=^@YG_KTW(
M3UW/%Q7ZBUK?)@\/#)+E]@V"'<QM/T<P0-#DV!U#^]X=Z*I,>RT'^;0!($7`
MK(RE)ZEI%4`<E`_%C=&%(JE@82_O@L$.T!=YF*X@M4/@%(0(.OX_QFNFI\!2
MZ]Y2RH*!=0-SS1"N$'0`N-9KWU\A74/%\\7S.DKXG@3[O4EO]'DFPZ=,?2D.
MNPPP\2;14G!#HB0#"*US_(2CA#TZ8PRM/L]DT)*I+X56EP$FM"1:]G<_*S*`
MT)*^.%P2&`5UO9#IQEU3`^4#KDX"3'B:JMT[`>BMP[S8A?3DSTL#V72T2IK'
M2+RAI)`[IXY3IXS:G:(AJHLWB]@:`*U>Q$2A19*V5D37E10@F*X]D/4!G\+I
M8:QE<XI<0R-:8-7P0"NN9:BO>$J^)P@*U^+-I]=::E?K\H939`WIY$.SF7ZR
M::X$(T"6,QLQF<'_;+/:1&P37N(O*@:7L4FO>#,JR:DG1Y>QBEV`99N'?]**
MNGF"O%5"0/4KI+EO)ZS6"T6UXUP\\V.BM#3"K&&!%H-C"9]R+-VM0U0C[C#)
M8/Q@5'.Z/A,G.3HLOVF,-\'&IS5YJD+Q[](D,TTD#>1,Z@VF9BJ!KQ,";&XT
M4/TNIEE#,-$[\WWND72E;9UBOWP(H7C`H.F[Q/9^I>S+)+VE90])9]PGJ@XR
M[&.7"DWI3^X[7N68[K0!.XHY[X)NE+C&&3LW5FJ!SL]_[ZW6/\Q@1@Z5A?)K
M!M92H(YYDBL$EB(.=[R3WQ&XAS/:-7VV>`+K!J<WC]LL]+WH8QSF\T7]P(]L
MVF<IQ.D<>Y"!K7FWE01XU>$&Z=_;/2PB+3UACE;^`O,:M"777E8+Z?4,_EP`
MT9==7HOO'KT4Z^\@&W.Z6D6T-*5<431DFSQCL->U-[33>X;%N\.$'W$!B$F`
M=;/VPDOIBP`9T9)I=^H1/]*<`];P.'TGU43]UJLC*H;)D6>C9:_N+R7,4++)
ML]R+`\*N7-#>XT?Y"8?+1WKE\`FGWA)_V*P><#I?<`7GM7[,*M%'LA(`Z'WE
M87IW/V0I!7E/R]?(YZ$CZWU=]/O???OVY.0'^CA!Z.]ER.)OU,P7LRS;K.BI
M+YSZ(:V7>QY&&[JF=Y<G_B_SM:@F\P!^5\/7(+/*0<R*>7)D#M58_E0@?>C"
MXY(0+D31WP>%,)11:2A93UD86>*(S&`<]/S1(@;)1,"/0EK-=XU#)0(F^N8,
MQ;=X3;KRD3[7<KY)B7;\=0INM.@SZ[E<?5GSQVPM=)8D"6G-S,[MY/3Y@4VJ
MO+,VT:=CA8EMOQQC.JP/UU:Y=WPPR5CTY<&U\?E@S"(ZAI'Y]S+U5L5;%;^2
M4+2BEV-/S+I%SNUR9F%ID@*9,E8P`X:=OOU7L-N0I%NX&UIRM^('@M%B(D77
M.E=TW8BOYJ<I?96('L,]W=8D-]Z6_FI&G_&^^-<FS+>-:AISD@.E]X]>7.1,
M[X@(>J:2.W)G^&5_/">1H:KG+OL*</1SZF=PS!9X,A3EX,0*8#W2*UA$"8]I
M;3NTH.\:/%':`P]`E<UL!L=[BRY]TQ?>?TSH#F1$NK;YOOU8'\VFY8,(&O9=
M.4HX,&_V\!W=VM:N"]=$Q(5]XHPOV'W/PZ<PP''@VGG;[1Z\ZXJZ<>^.VVST
M9;NMP-+>CFI!@K8AC@X]XQ?UQ6V8_7*98GP5YYA\M-R5QXK;/5B/577CWCQ6
MU.C+]%B%I5V/I:3'"T*+PH(8I80:D.L^Z#OEP2:,W>-T)5V#VF.#SIUUKQW7
M\]*]M`;+/?=IHJ!H!J-!Q"E7Z%48\V>Q/P?DF$.B53'+;VP\\8VIL:.BO)V#
M&#-UW33*&"EK9(+3?G>YE^;*/9,]&:D_/G.$'O`RC.E!G)?A>^T5-M5=I;VT
M=$C^I^BJ,3U0T`RL@6\OMO4>IF)^R;8WN1,N*:MZWVC?.W]79-`6[:PWS\J4
M)VF$Q6[LI3@^0F)0B6$'&[3?N#P[=.AK!44/7";I`H?Y)F5ODS2>AB\=8$]>
M9M#N(<5=XVX<,PIK&WTQ,=G44DERM.#LM()&2AR8<$\7I`\SP78;XHTNU.S/
M2),4&\<O9`#X$6=TNYIY%9_C)_17KN:[YLT?TG!@VZEC.J]IVR_/HRTM[[IY
M(05Q,2_:NXN\E[[V,85W"YI_`=XM[50'WMUK^S?CW3++9=[=H'\9+MX(;YW#
M9^7L]B8-_='W?&U;/R0'M^S2/:7>JJ9?^(JW@>DR_YXWL_3J*E`AJ/1^C)@H
M=L>9Z62X9OYOS.[RX5[V)-+(]+%1"VL:.F2[6=N1MWCEA=0QR_>2-UY$]Z'?
MCKWQO8LF!W%48O>N'N4,Q7`U8*UG3F*[90!9+E-VO:\*)95\5#:`KL,%/4N%
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M/:(7'4,:AX?A3+N,E7H!T<3R`[@]>?_O:9=U?QB<TO_WW$O7L4#F7H,4?`%S
MKQT^C(.YUP#M7OK<:WB76(:K?T_`)-T.8@)FHL_+2IFFGX#IE?DM)DK#)F"M
MH/,B9V$3/U#QHI^A`/#8Q&_U28E1'XYHO';&<PQ6A*S[DD3]!E/QP%U9JPR]
MHD\)9U1/2)4Z=T[ZRFZMNF^_DR%1<X<WM9%WVO@3E7Y;L!Q[?P8*WZ'O^&KI
MI4\OJ!9)[QPB,]S)#,"LZ4,:MVTZ<\S!VJ1=6([LQEBQ4X=55M[S;*,ZDLX!
MR'Z;U4_H?8P#G#8J9MX0([/3;6LI]Y;VYNPYM*@TNU,S`.N-[M'(?IGUUMHW
M8T#_H"S_`PI)X$L:?OEBPI3<-GDUVS(,-8H:'CY\H!8^>9%0,[)8.EO=92L/
M\#SJ@&MKP!Q5)^H$+6YWV<DYC&`ZY8W\%QDP)39VH5;O&H)<TY]%3#@.Q#U#
M]SCB3#:/-V5V.1.W,ZB)?S-.,%"V4K>+RB8E+:%.26$`\F*UCI(MQG<X?2(I
MA-BX#TG,E]*8;V9L=M[\^UF2Y1^2_.\XO\5^LHSI?*WY4(2D2QVU[=(=G'9G
MTYN<-`QO=]FEV>)%*C^A3RCBB(8&E"<H3N)CWAKR6',OW,^+9?HD+7Y%Z62[
M1:Z5>!&>K^Q@)R%`J`&8@7D2LWM+0UVO/T*?NEO+/*#1Y:.T%OA;>^W*T=SD
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M*7SZEJ[X+>CI'+;O%_!RCRQI#@*6(=-=`Z_5+"*.3A)M3/]%LNEBPS!#:R\D
MOX_1`W[TH@5=2<P?,5IY_R2!)]_R*RJ/243"SUXFB]>8A#X2^4BT8FL8YSCW
MPBB;/63L"(=@`J+E<#4)-%2]G/!IR"='M;F.74@R+M1@0P4?C`%D3@"=UMJ=
M;_!5_`$_Y_>?</2$WR=Q_BC;339C=1G,;8QIAF03OLDA.$#9+A8OP\SW(G;B
M"Q$\?`,7@G>8?.Z`*FK1"TVFJ6'7-T`'N)H#--1Z:FI`]D<8(+M)DR<<G.,G
M')%QGEYOI[.&XE^W.,/I$\X^8-D\U9S=)?!LC>JL]!OQ@@&CI<)=6%:,+-=K
ML**2]X"`>HN?PHR=UUS<I.3G9)-=9'FX(OEQ=A7[*<TYSC'_[R[=:=<...@/
MZ29K'[%IY+"<:8!E7:\K1="IT[J0@7`IY(`\[H;T_B.QD_3%^Y#-7>E.<>1)
MJR?N+!6<-^F[P-IWY"(/RU.T=O2VG@L&ZA>K@H,N4:PISP&YQ<5SCF,6(\Y)
MVD<8TI`]K3$KEEID<\>QA(-S$N,.L?85K>3#<AE3<_H;XR4?2^2"FOF`W.;.
MBT8>2602P3F(VG1KKQ"+.RQ74-K06^*FQ(<^;!"B8.,+#C<-E@(.YWT3[;.C
M2@3`,W<#U!><ORL(0$*WM./')-JL#(-SEV="6(K55X"PS0`UA`JU%""+\*!Z
MS0?B&D_?90R0)F=R#S6=`7VLR3B`@4VCI@1MMFN*A_1]IGAS_B[WTEP_"FEU
M[GVNC^?9$7K`RS!F%1%(+K7%WGYV\,_H-:B435?NDYLJ>`EVEZ64KG;L-:J6
M._42LLD]6*];_XYX14U/A-R<TR/6HXP20BB4$ULONMD$&?E7?0.C88*0RA4$
M%"J6GU]``N+3R_7J%:RH*!&-!/14T&15[4:/TVXKD1C=&#?46!RE<1SL-3Y3
ML)R6(\%\03>M+S?TP%B1.M)M;WI5512Q+7A=.;"U.:5;&S-"R@.&*&Z8#!PA
M+@4UQ"`F9R\P++?)!!MMQG`<(,,5+`>;5\+36@"(,6FHUG:;J(ZA*LFQC&%J
MR3]Q]FL&3RMF$-`<HK%Y_NP8DH+<SQB.%KP39N%F,#1F!`%!6VV-\OAAR#O<
M;&R*=1E)OC],<6W:O[]8,LY:+M?N`\[/O.SQ,DH^9>R>"K&?!%8V]9F'])[+
M.R\KHRREO(H7E%8R9]I5J,NUX'$ZH#G'W4WBY,%M5#-ZIZNY,_B$$(6<\F#]
MH-[_$XW.8PH&[@^2CMC1)SI2H=6!&LTBB8NL*V)6,I`?%\J]9RB;@`/LU^2S
MHTH&[C*J%&I$L2_`:0S3Z<)K@D:6Y1]TEG45^\D*WWO/ZAK/HT@&[BRRKMC1
M6;IB7X"S2$R2.$O(J`]\4&D2C]>1;:G`_4/4!3OZ1I/XD&<D`CLDSA#CG$]+
M#GM2<H]I`4B?EH>,XXT7L=/IFSB_3-)R]3ZX#U=L?6,/?C.P>>`.ME.G[NB)
M@]I^`4/9+G;WUEJ9!'3RYC_XA0LB!BV2M-J$(A,K)HDNVD&+`7>TBI.7!K12
MU'OL9:0?YXNR,\HU9ZN>E7RC?33DM(+9WCJJ7<)Z[%;`#*][,ZUW!Z31$%KQ
MEJCK!55;:`%W4&8W6(B=K+[3`J?9?%$9SE=X<$!ZB>Z:FZP/#A?GU+EV-+KE
M0@-EP7&4W0R07HE*PHBM\BV]K%C^HSN"U`?8R8GV>B`,9R!F=J_27\7=_F$U
M#.DOS#QB1YDNW6(4\YN^L9-`,`XRAA6]%S/H4/!(RU_R*X/L`4OJ+3`=HV]_
ME;4:'>[808Y+!QAL9A/TUD+``'VHYKVS2$U@\Q-RT;8Q/0&ZK"VHL/+7C1?G
M8;ZMC@I*>LZ,U6TI57-CV@51]7Q@`&NAK.P8)TM5_E4P02N&4SGD!I-9B6W1
M&V/N24*LF4G"P*IF!8-..WWE&0(*-IB>Z5R7(EBBD`$O/2`N*5+6$R&)TM5J
MS>;9]'TQ\M?M-<ZRHJJP*H480:[3A_'&ZH;66W>["@7C(V-98EZ8Y@@1O\FJ
M-RL!Y1_]](MG7=UMT&IHFQ<$[24L'-BNE;IH>-HT?E\=J<[[QVX5C-<Z,U4Q
M*)+1#MZ._\PG'9*S6T;E4K.D"X643I\NEZO:>J>\3P8&AG+=>EMF)65S81X&
M9&SW*=@ZK,AE6'WHD39#=(U`W@DSZZ!==L'4+8!QC[V8I5CKJ7>=ZZ6>>KN+
MO^I!);TPO^,OE!H6>MY[JP?IF>HNW(NKBIMTZKLY?89;=<[$C;$*C\X$6]N3
M/=E]H.<A0!9KVJ.=)L<C+`L^_1M6_>X&6%MFCU::@<JP/@VLTYBN[LZXC4,C
M'WPVOK&\:-S(Y&EGXU1D0L(.RM9TVY'\7.Q"(F(;RNA3=<6Y%%H]<-.H'DA^
M1>"?AV1(S!_39+-\1.])SSVB+T^.T-LW;]_LIXP"?^F>'2OXF.&`#.&G#]T>
M51$Z*Y"@5+2JAB"DFAR26M6Z^/(X,3^PD:%-1L\T$7B@AX=H[SC("O7>^PN-
M'2W**9`@4%4$A089."ST=3,&P\I?[`4,=SC"/@EE?]V0_`ZGT?8RC+W8#[WH
MW,L]Q4N4IHRNH&)G2(D<,RX00+)2M9?=%,RHXD85.Z+\P%ZMK$?K)QQO9$L?
M?3*GSP)*E&P]!-BAF1Q)&L5ZKV4W3MRFG'*B/'A>OM[+=X2NDTS\U&>?S'&>
M:E!>7Z5D_[WR\M5BDC4N0N46PSX/'7@IG5O3=9_RT?;0%QXD$!'"^P1J-46;
MA*\B\ID^+W<(Z9C,4_S?_^[;MR<G/Z`'*@'(USD/HTW>+NZK(87_A;J*#OE&
M`9<Q0:VP69;A_!;G88KIE'/^$(5+K_=@E)KRYR#QG7TATM:&MN\)7G$Q4K.W
M84H94,V!&BSH'^=XX6VB'#%$_,\$'^ATDX4QSK*9_Z]-F+'#0N4!.Y:[SR*6
M[Y!?FW_*,62"^N@C&B2&1UK#(VG`P\LRHM=45;R9:MG9)DVQY$1#DP#0LIA8
M+V'/9T>HH)NJDWT"O0T[PG..URDF,Q/Z[<G/$3MF0;+5V2I)\_!7]OL;OH2V
MO2&FY.1O%P20;#%/<N)D%-F0/NW8)@G.MY0-H&8+1ZAJ@\T,FJT<H;(=\A-M
MZ8B15(U-5X5?;+S\Z6PI/2`(&*DI>,NF^8':W^<($=9)@ZP\N@+J^(Y"XG@Z
M43=>A]Y#&(5T;T$Q8/6I`'6O0KEN5S=(IQZ_&JIH>AQF5YOT\41=>Y^R[=CM
M79[XO_SH1>*EMCX5H(Y6*-?M[Y(4,=HCQ*@G.\M`5'A,H@"G&1TE\JWX+$*7
MZN>OP/2\0KG^$8":]`^($Z-9GJ?APR;W'B)V9>K&@Q%DR(!O]G5T/("\Q%A5
M18RJ,II\.]5*-3V1RB[S%VOKDC131`?H8RC5ZZU24V)4$$Z91AKT.]PN-^UM
M`/W,SLS020>_EB/,>;HT@'I:JEK_$92RM'1).E&'7\4Y)KV0*TJ\=D@`=;=,
MLVYOEW1E9T_4UQ^2.&EOT2EZ74H,J/_U.O9V4QH<B+.@5P73YU/%=KJ7DUUE
MV4:\M=7\N^/3K,JH+E*KEWLRHB/$R:;"/3]`24],A@$.3K?TO-)57&U!S_P\
M?)).<<VY(7F&O=*BC4<J`Y5"T,,6O:)R4!A_CNH-_%K65`NAWI8N\V7W"=O`
M27&S*AM;%A0NAVJY`'U/"V5[2Z,%*YWE%<RH//]"^*NU;2@?K]R,8Y.E<N2\
MBF>+!9D*R8KQV$N!_''-E3?YV+4T]LVK9"2,42T1RM=G,RZK73!+$9"_NZ'F
M1A[.9JXP]ZT*=2^3]!RGX1,919[P59SE*=NDOXJ?Z$T$W;!L+P7@EQ^@O/3C
MT\+6M3!42R/95REO^K%:DI@8?G1S;D`?>X#2EKD8H._;0/8M+NMPS1=GR6J5
MQ&SI4^/,$BY`W]-"6:6SULST/A5GY[LC$WT[HE"AWWQQG<3+>YRNSO&#<-25
MT0+Z3EH5^^N/)0/]()3EF*1**T298(7+XI+#P'`IX`;TV08H;1DN*U'3A<O1
MSLY.OQYDJ*#P.(F092)7$R5B=/[U%QPL6["C%[6CA%ZDOL?/^6DD&=-VD0?(
M'4<QH_OQA7DJGYX6<ANNB6K)Z!]4-F+"79^F;AV3$@+W)HE"7[C6I.,!]+V-
M5;4Y"$_FGXP9_:/X[_2?L:K`QS52NK*,%M!GTZK8WY-BFQ^$`^#'J>-#9O!Y
MY-2`/I"!DO(H"=&!KL.8SGI2'(22PYCUWP&D*4JU>@=OJMR?DK/I&6.`-N3H
M+F\H>`!]$F-5+8:<J<_-GN,%)NT')+[R@]/"/$H<S4PX044V*X7[48ZSTZ$(
ME9=VQ`DBE&\IK8\IIH3\K=H*&GV;N:XTI<M/(3D,)Z*#_!E4Q^*$'^$#?QV,
MGJ)F\0[1.XJ?O%C]J(&;+],XMFJUDV<I`N;WM-)<^:E;MT"4%YQ`?7+S+PO^
M`P[X3M,=72W5V%XFZ4="G>9>&+,)(;_1;')Q2L<+Z(M9JRP[7+]EFS&5"/9)
M*R%3IY'5M)Z^ZA'[[+`&NP];/'U'7W&*PD6(&Z_IJ?<$=I,("``C&=)[#V6Q
MP'Z1>)8K).C6RS%JMT-SU$+J$:J:0G5;Y0HF"=FSE:Z*OGL(D5_P.:T-2FHF
M^$`0Z#K\6],_<&D3?\V/<4I46\:TGBM1ZA3'>"'YAA)20!-_G8;=[]6D9Y^D
MY)A\F5)^S;M+`\AQI*HIMFL8Y>3=K4TW!80@.]XLV:QZO\I9IKP>16(ES8F"
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MO2A)?S7?Y.SM(H+J#YO5@^39-T=M`P*8<Y.%-V>/'ZAXU%0!-72@QUJ;=(4>
MB"E"8M>Z6,/DRE37_?WBC0_Z:T)5JT2"&5/J94'\XAFG?IC12C?.(=YK^^5#
M7&[R9!!OJ/0R(=[PX9]PN'RD-/S)C<)T7L=VFMBNTNCENX-M1\`8!TI54:%K
MZ4(D.Z+:OECOF2V7*5YZ.;Z*\S2,20XH+<PWF3*_*9_1]0$,=ZFT1)6:TQ8X
MW/O0#F28,=3HY;N,;4?`R,5^4\-,P_+IAQF],K\IGP$[S+3<!=HP<[%:1\D6
MXSN</A%W%7^F#PFK3D#ZG]J=W=.WO)M_IPNM'Y+\[_0*0+FYSV[!%QTD<@HG
M#0-R`+?V]H[)%*VCHGDD0S^97)<Z<)33\W--[R#-HRV[LE$J<,0K'I3>,-U3
M"D_TQ8GB)5L2*3[6[]I6;\,KE](M10`"UU#-!6\P/+%7-<KW@&E$:XA"I:RC
MZ5;3Z67UFTV0G9:OJL\7?\=>RA]:5CTP;<4(X(C5,'U[G]14PN&\(EY#;\Q'
MQ#M2`7GWB,9TT<%%HZK:!I..2O&LJCP/"<U-5%$00`>&H>K$J:)^[@AB#QM%
M4FM&AE'CZ.ZTY94']-$]CF](?D^G*W&\\2):Z8(>+KY,THLL#U?TF:K[<,6"
M;R5U)+0-:ONP(;F;R2/CEBB#"FT05P>5^K`;*95&B*O$;J%7[4SV<@HQA"3V
M-'5_SQYTP?-%J38.>M^$G<(0CC$X#9.`^"Y]%H:D$_R_P@60_38)"-&N+.T_
M$%.WBXJ&*=KJII$(Z\6Q&,4`S]1`I1[H5:F)J-)Z\U?7Y"?RZ_)7Y'_H7)/\
MYO\#4$L#!!0````(`#`PVD;><?`#VCD``/BZ`P`4`!P`;7AC+3(P,34P,S,Q
M7W!R92YX;6Q55`D``_PBC57\(HU5=7@+``$$)0X```0Y`0``[7UK=]LXTN;W
M/6?_`S=S=J?GG-=.G%LG/3/['OF6]HYCJ6VE>^93#DU"$J<I4L.+8_6O7P"\
MB!()L$`"`JAH/DP[-@!6U5,`J@J%PM_^^WGI6T\HBKTP^/N+L]-7+RP4.*'K
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M:,?(PN`$\4_/L??W%Q4NO[TY#:/YR]>8U)?__'S[X"S0TC[Q`@*2@UX4O<@H
M3?W./G[\^)+^M6A::TE9SK_QYF5!3CDR_JO':5^A)/9^BBEYMZ%C)U3'6C]C
M,5N0?YT4S4[(KT[.7I^\.3M]CMT7A?"I!*/01_=H9I'_8ETIO[HDJ!+%G*^Q
MBBQ?DK^_Q!BE2Q0DH\"]"A(O61/`HB6E%_-`!UQ$:/;W%\MGYX3`_^I-]M$_
M0;HFZQ6>-;%'E/Z%];([G1=A$(>^YV(M=,]MGXCX88%0$K<0V=I//843.\)2
M6J#$<VR_*[F-@RBAG<Q21'"-Q[/QBBQC&$\1,?,'4$[SQ<(.YBB^"1Z2T/E]
M$?HN7FBO_I-B!>W(!&!$]5S9\>+:#[]U!:+67QK%=WA1CY"`KK`[2*/I(5TN
M[6@]GCUX\\";X3F#ERG'"5.\3@7S"1:0XZ$V.L4&D4;[>1I[`8IC;"D\>@%(
MHKPNTNBZMKV([MSCV37^2.!XMG^#=[N(;@)M)`)[RYM'$7*]Y-IV/!\P\1L;
M2Z-E%,<HN<=+=T1GX_C1]^8@7-L[2J/Q!AN^2S2UGUNG14-+:51<HLA[PAP^
MM5+1T%(:%9_M?X?111HGF,^HC9#FQM)H&7L^MJ\^V7ANQZV3K+FQ-%INPSC.
MT)^@"*\URS!X6&"[I(6JMF[R5GW1#7\/^SG]Q'@%F>U-3:71<8]\8A)@,S)9
M3R,[B&T'0E-;-WFZA;!;0Y3#2R#;":NY_'EWCV(4/2'L_MK0V=?019X^(1\Y
M&)%?4@P)BOQUN9L"*(1UWK,5)M4:VZM5-K4?_5:ZVSLJLGE`U/&Z[,'^`=$(
M[:["%@(1R&ROPBX"4<1LK\@N`1'%ZZ)DOP51Q>Z@;&\#T<7OI'2?$T.3V7%/
M>QX,98$AE.X9)Y,T<A88VDGD.>@W.Q[Y/@D/(W<:TH4N'CG8$L7+,I;NK6<_
MDH49;VCX;]A3=D?)59QX2]*^]*CC2Y38GM]E(]H#-8IVMY/2'AAAB_0)_V8<
MG-O![_C?V`_#UL'=Z>CT%C,\GF4=84*2^Q%YUGOH^[,P^F9'+OXV<S^$\=AM
M,!6[ZPDY#0N#+$)YA[#X9BC"@L1_S+0/QE"/$55PE7_BSHXBN@7#J6?UE$_E
M)`J?/'+\*"AA5C\EVG&/G#`@,Y$JY'A6?OPZC*HV5UCY!\$_Q>N1N.9(_-I>
MI'&.YEX08-^'GK^10^O\P`AK_I<@PJVQG_0'5?US/.[,ZS*=Y']4A4U\@F=Z
M)<!,4+&#=;QID>]E6WL83!B2OZ*$>Q)@&P>;WU3BZAA+/W61>Q.TG]")"T3-
MAQ7%<06795AG1?[4"?W_//@V#<=I5/X]MT3`"MQ_8%4\CN;S"&%C`UW8*R^Q
M?;)N;,C#2\LV?7@]QAJ3K'L*0/97%4E'4%MAG96?!,`0`?96>"X@*%WX`$KB
M&!LWY%-D!\D)2<6J;$35IK0!U/J1^@W%G)<.V!8I??@$C:B&JW&R0%$E6PI/
M`_S5(%M\:)N"N`X,=AY<*8(5@D:/89KD?QZG"4VO)!9E\MF.G,6;,\S:V^[`
M]ON0$AET66U:NBH_%Q2D67089;%5X`[$[Z4TNGI2II,1#Q.Y^9]$K1GQ$=5R
M5:ZK&0V7Z`GYV'0B@<,O@5O\2P*SO3ZD5@:8(FQ<QB3=+@R>\+I+3B8IE7)%
MT.<[BK6`YLI'+K&J/^-)1A/]+KV8GM,B]SHEJ7_8CR[3$3=6M[39H(J&/:T*
MO<G?'5[*RJ*<*J72[>I-`8;8TRD7T"`2&8-'^0HO+WACI&;4+?[%5A?TG""\
MSKC%0(3\_K<,\*_),/F5D#/KQ"IZ57_$6FAE0UC5,7+B"_+]T-FBF!YJA5%;
MR.>?%U]YE(X>XR3"ADTQC&\_(I\._A5WA?5\V8727+3T0DB,G--Y^/321=Y+
M8L"2'P@;;T]>G>770?Z$?_4UH^$>S3WRZ2`A5W`:",=-FUON$EK5B%'D6&&$
MO6$,5S$F-JFW]*!^@R5O\7)%KS*<.`O/+U5H%H5+04GF4@M;^*@*%U.P=P0N
M,",1R75VT?,_T)H'0:TI$(,SXT!@,*T#A8*/*1ZV6?C;+8`R?VV0S)M8U"GJ
M"8J\D!P/D2`27^8[38'"?V.@\!N9UH'""%/C$HJN?7O>+/V=)D"IOS5(ZHU,
MZI#V11H1#J^Q)6S[_T)VQ%5[=FL@!N\,PJ"-=7U[[F_(]_\1A-^"!^RIA`%R
M;^(X11%O[V5V`0+SWB!@0$+0A\ZOH8]]1CM:TQOQ,0^56E,@&C\:AP:#:8UV
M:39[[]$JI/&C['(^USQE]`!B\L$X3/@BT`<-59$+O)+.PXCK,.PT!`+QT3@@
M&AG6)_])^NA[SK4?VDVN?DGU5C.PJV:<\!NXU;@J9=D`Y`2,I@14S^VX:Q.W
M'Q0<`QUI@#QTNGJ9\9?Y/M?X=XP-A-,<BHV)#C>3>_V0$'L<#$BE,10.$UUP
M!N<-8/SM98VY6_P+E2'P]D(T6_'OU]:)569+XI\OQG</X]N;R]'TZM(Z']V.
M[BZNK(>?KZZF#YV"WU4-F]GQ(T4KC4_FMKTB:O;N)?*3N/@-C9-7]"W_]=>2
MPDI5ATD8>RW1\KP[K'?O"=2=O3RAMY61W7:Z8N="<MV>1@Q.Y"]G?='(C78H
M*+7FVF+JLL!A",`,C,CQ+UZ]R7](HN23[6-2XU%R84?1&MLL-)V0C1FPN[88
M/0B(L`M+)H&87ZN/[Y&#,,&//CW8!\\[4&]MD7X)TU!`/&8`6N8S_+_0"Y*;
M($%8VLFYY^,OS3=L%!K-QE9X(&U'"UVP"OOQ*@?QQJR$.AO3R'81&R_<J:V/
MMA.''M``V#)IWDTBM+(]]^IYA8*8@U;>GM%<VPE$_SG$%8`9&&WMY4!K4N,Y
M1'],&AFN8(%9R>Y,WV9"8!),J4W"Q/9I2\TS+;NF-?'M+'R`3:T5V=ZQ6-I-
M%EAO;>'U_B:+B'C,F):U"WC7J>^3RVV?4;((W4]1&#>%MG;W;FYO?3'[+K`P
MK!.`?,Q`E,DLO;#487+F_?0%]_NC").)&?CA+2==IO2:SR7"0G:RF@#X9Q]1
M60?N:$D.4O_(KIVQ6.-ZCI*^H.]0H;].R):S^-;^,=O:`WI-VC5[<^^VJ>L\
MYU"X:E3D,72#+K-2[\+`@5GFU990;)6YMGUF/X-O0_8`2ET;%G`$E/FLO1$X
ME'E4+=H6N/5"!NW.$7P$*.KR,\'Z>TBB<C)C/E:H!L?G>7V@")KHX[;+P@S,
MBM#-Q%Z3N`TQYQPG2I%;9Z#]D`4T"/BX3!6J`&B:CU@$9&0,N(3,:HDX`)2L
M+E#@E+FV78#C\V\&3)N292*3CM\+"I8RGU,8+(@4S,!+!*4^V"CS]H2Q`2$R
M3(LT#.93%"TOT6,"\>]8[:&8*O/RQ#'E<F[&3&/7`P;[XJV]H<@I\P[%MS4!
MJ9B!8Z7P<85;"(;M/:'X*3O][+#3P:1A!G85$D';'!P199YWG_WM4#:V2CTQ
MDO`7TH=I4.!P8>1V`B?)&0,K0`9FS+$ND3`)L:\WRJS_'I&3H42[)L6J0`EN
M225N;`Q%26':::NH:QE4+)[-`*5R0ZTMN;O6$@J'LO1083A8W)J!Q<AUZ7S'
M,]_V2.GUK,1UA6B.Z0[H"\5+F<LEC!=<(F8@>$]*M`7(O;(C4K$WWDH&F'F.
MQ]F>('VA""ISO801A$O$#`2G$:V.N(:LB$UMH0@I<ZZ$$6)S//S4$_8+L1#S
M$(ZFPB-1033;WL0=KG_6=L3;_0@<CK/"@U-!G*'2D(JZ2?>N)U2L"Y1XCNV7
MW&Y=PGX#OX1M_;`UWE^.E[(/S',_^NV2_'8\3\81Y=JEQL($15O/P;>Y\NS^
M^J]V]W+NVP1C(IA949I1FBS"B)0&AX)8[Z?[3G=/\%B",!<T6@Y0$+"BC_[;
MVQ+`VA:`N4#Q2V!Q&.Q2`\N<4!M0%&;@5@DHB>]OH,ZZKVOW"94.8V>KU5J#
M;&O<3KIO;O?!S.P-K49HVV[&[*#[)G=_C$S<QP3K.+)8Z[*#F1-*VW?Q1DE!
MZXQ68-2Z:*S_<GR?J/4VR^85#&Q^-[DY:/66%[1ZF.+_?+ZZFSY8XVMK/+FZ
M'TUO<`.-X:HL5[RDN#V8P^R@,RAE^RB^1T\H2!&HY`2S@^9P5`L:NQ$H/MMF
M+&YEJ80JM6QD&,VU!Y=:1,TH#]'$LR&PD!('.UQQ4&ELK3UH)`8*A^/.QRQ/
M*'H,8Z3_>`T,95<4U463A%"4#:`AIZ/TX7AR4SJKU06H>LONH3M6(;:)M7%N
MQG))J!S//H6A&S]@,[=<X/GX-/?0'9=HE7@=(![K9@#$O"-"[D32RBTYNVS$
M!(;0';80A%!8.&9@"BG`PX83UEMW6$,021&1F`'B)^)9VV3-&+E++Z"O@Y)+
MKZW3L;6C[J"'('1`09B!VBYO<#O$@,)^'3:X)EZ';E/FH:I@GAEDM_R:C4V-
MM1=R$T22P[$9T^HN#,)M&G/.VNU]0%<H7,I.F<4L?[`PS,#N)GA",;U<EQ%;
MU"3GA4I9/;372(/+/@2R9!94&56M-D:MH?;2:=V!:61Y^'<`/ME>0!;R<;`I
MF'(38%G01Z?B.Y1,L`MC/W,,2?`(4/25^75=T1<5DAG3E,EMAUW0@/IW7<%K
M%</0#=&--7:-999=2T\QLYNSU',T"R-4J5OUV0O"B#Y!ERUKV`;<'B4[9<[*
M;6\V)8Z!NU<BM-=\Z[Z-[!TJ,]:BDJ%<3N?86Y]Y29,$H&?D@H-IKV`F9KWW
M$)@9B.<E-1A\<`(>+?VT5SOK@TPHQ*I)<!9%AH3Q;.T(!52Q6RT#4*"0S$!4
M&,G>""H^$I6!(!RY09J*V%.!1"MWFFDOB28/WT8!#!W5HGI$<?.@W8)B]X!B
MK>S81\Q,:F/=C*5VE\IS._8<.#IY<^T%TUJ%S<=FBVLS@;GT_#3AW;1@=H""
MHRR%LB<X.YR;`<]OR)LO,%6C)[R\S]%=NGQ$T7A6NV_0ON")CZ2]FIK80MA5
M5,,"NF7A%!Q&>X6VSJ!UPYZU``\T)Y?!=KZ2"=S,$AY(>ZDXM8K3)D')JF/0
M]:.+A1W,47P3<$H&;=U'>@>_CW3Q\^CNT]6#=7.'_S"^^,?/X]O+J_N'/UM7
MOWRYF?[+C)HZW>K/@+IKK:J34S@E#ZX`.,G;M<WSVG10,MF%X*E5T=GFJ)H<
M9@(@>"ZC&_PC)QC1U-8P8+;4BH5`A?SJ^90)*&2J=!$N5V%`%L+1LP<!I+G;
M$+%IYJ1RZTVGC[I-VV6XM#U.7C:CN6&H\#1NUU-M9JARS<:,4@"?$;&>.`=;
M]:;:KUUV@(/)L1F>Y-;-]S9(&AMKOW;9`10.UV;`PBA5W0902S?M=RL[0`62
MA!F@[5:G;D.+U5Y_=2YQF/B\FX$/K#A0IXI`ZK><FN6_:YOQR_^(!1Y6*/)"
MXNE'B?ZXU9[*;JO?H%HAE%]WV2@@E9ZFJ]^TVN!K.RO7/86RM>$RC?#Z/*%Z
M0>OOC1RL:EF)8:X3"QW!F-T+--T$A&(TE-GR/TDC9V'':#S;?K@>C"=K&-U%
M'/J"RA>/0<C>HU5.9%TI6]#D=]5=YD$,08@8S$>MK7@>I*_NV@Y2<&LMJ6?.
M0DI5C/YMO*++_]4SBAPOYKH,XD/I+O0@99?DBLD,E$?NO]/\AL<T9,022*+D
M;(:<A%P/*5*OD$O\7A3$+74]I'U`=_T(L$9(%JD9>B(*>T\4U56;$`L8F(X*
MSYJ3LTASQX*B:4#XI[.D#$%:.#;W];4!%4$ZA><(Y5+B.E>!`3?B^X7G1%#4
M'^)IIE\1EB;E>=GQXMH/OS&J3+\7R.H:/?QL7=^.?]-99;J2(51R)I2WU=!+
M;UR5$#2)PB</PWV^_A*3.W5E^:&1DWA/V>-^[75].HQESJ-I3#3KH=J.$C-C
MMU0:25=FS/20NLI;:<8D:&\Y5O?("0/'\]$6L]-0VDQ7\S5C#MO@BX%*L9NQ
M7&B_C*[,<E.*7=_+Z@-=AO8<"E%V$+A'W0#'4@:J$@:5/E9VQ+C7I:13V>2!
M*H^1M="5G7/N48T&6D<]NS1V$WP)(F3[Y#G!3;W`:]N+Z-'2S\B=TV)A9=7`
M,[9Z=!]1]^GJ'K6EK]C-4!XL%Y*[C2Y1]M^*)/*C)U`]-/`8QIS3POT9<1&9
M"BU>Q\(4ZR">&,A[XM]%A/76?<C:`9LV<-E",A762816MN<"RB&W]=1^VJH`
MSV;IF(HE?<;L#F];66V^MK1#\`#:3UX5(,N5E:D`$ULRK40]4#RQUQV68M8@
MVH]PU2S)?)D9##;=2W)RB4N:L7+KV8^>3\W,+ELP?SSMY[\*=V6(),W0!OCI
MC(S30S.>!^F'NKC$AEXYD<%Q5D9;SDDS=RSM[V'(.VL&R,R,=0&O8$6N)[D4
M$Z'RR47,$E9U7KX/I*_^5RZZ`Q0*<]MU'3#M'90:K^=I[`4H)J]BD8K[6?%]
MO`_.9GBWPS1S=HTN8^E_7D.9UH`E>8!:1%VD8K9,?#L@[S>03+L5:2>RT+0,
M!-4?99$@A:L.2(;#5YX'E"1^OADSCT+BZ2(*T_F"N-U$W+FP1DMBG7/.M"6,
MK?_5%5DJ)D_29IDTUV'4]$!5@X#:5QZ1L:":L>],O.Z+C[@DA[_^8.DY"+GT
M4:$'VT?C6<W>`VY>H@-I?YM'GOYTDZ$9RPA<"C*\8`.>\I$&N[CD#C1R<NT%
M=N#(B9QPQ]+^YHR\R`E`9F:L#Y7-<7,O'K._J0@(,BN8?:&8JGL=MCM`3#.B
M15('9C:(76$%=-7^]I`\G8#*R8S)CO4V5^+Q[#8,YE,4+2_1(V<99_>`@KCO
MX)8XB&U2.:SIS.(6F[#YB=(#<M*HS:/L/*+VQZB43/XN4C5C38"+0X:Q9\"+
M5]+P%Y?<T!T$PB[5Z'A!W-TG[`R3]`%Z-WSWI)JM+6*C0/5EWW$$<7WI(CTS
MUHAFRD=8+E&TQB)HJ?P&[*[]Z2;%2#/D=1AU4_>A(@)U.-Z8[T^"69:B)F:4
M84E7J^R,QO:+`,M-,`NC989?>WD+Z`!0-3'I3H2@=,S8&HJS?U)9C9=U66T%
M!4==&3E!2>\F4M99-@6,2C(O'X^=AN![T*9"TLBX&:@4[.2'SIL#A,!MV#4N
MO=CQPSB%//G<?V0H[B;5PI`ES[[:L7QV*.2OWN2`?_[G!?LB<9/[C#OPVD/!
M47:6)DW2(8C?GH:.A,ODC9`^I(^QYWIVM"[RXGD/*.(>W`Y04-77G@?,N#9F
M3%IFR_O!1>7T/-6,LPURND!ADG\6"91Y".7$)(PX>:2?(FZ9L/:>4,3D>X:=
M$(.*P@S@*C>"L'ZE2^1R2ATT-H;"(__0KQ,\'(8;$-%0!O/.3O!..Y[E-WFJ
M&^A6W<L?K1-KLS/C?YR=6EE?*YQ9E=X:BZ]D]]!(0>#0]QQ893A.'XWSI)C$
MERAV(F^5U\PAC[3'X]FDH@%3C/BYSTVOZ#*6YC*7[4CN3+/N\C)C%CZDRR5>
M5<:S!V\>>#//(9GL-2$TS\P/NS/S]:F5CT>F9F5$:S.D58YYG*\R(I(\V`!S
M%-I_:/-23"YFS,5B+;D(EX_8.^7LB1]W9]Z;4ZOH;6UUU[^35,EIGV;\7@9L
MC!7"-@@(;(9M_35/-`AJC"T0)ADSIEK%W<P#0;9?J<?5..O.7NW.NK>G%AG(
MHB.1+:\<RZH.9D!(84,V8`[R>YD0(?E,7Y9&V>V759K$0E-1<!C-,Q*"(2N8
M(B(G,R;F181<+[FV'>KC-L_#L]UY^.[4ROI994>=95P?$Y$S$%9[K95HJXE_
MMR2?IZ(Y$+,2/H+FV<5'JU925DPN9DPIP(G%UO1ZO3N]WI]:=`QK,XA5'<7`
MJK<B$U!H$!-+_`IM?F*CZ';[Q/&%EN\U?B>LI`0TS],WN_/TQU,KZV1EO0S(
MXQ"9A]Q.)B2E",TS?B_-\PJ`#RM!Q?AYL[DBSY@W;W?GS8=3J]I)VKE[95#^
M>7MC0ZWV7[W*`*F3DQ>N;LJ8`-F$?4;5-6-8\#`,Q/Z"DYP^HF$&?K;_'487
M:9S@%2-B3,)WNY/PXZE%^UF;CAKO&7KQ[P2W+X&#HL3V`MB=\99N.E/X0DQ2
MD&1'I81,H9D+ZZUY3P-AMIN))R`6,W:WLG+'11BSXI3O:R?FKTXMW-&R`]?"
M7:VLKSYMO'JFH-!ETL73/0+-+GXOK9.+E(ZC!:=)9=):;162'A-[^5,A?IAI
M&VYSB9Z0']*:*QVW5/5?UCRI(9I2F]/[0<.,]8`\+9+9YA,4Y:4<R#M9S2M#
M/9?F[-3Z@8SQE\)UQ,-8V3A6-I#&9<*.`FPUD1N&E!3`$L'LH7%YV"4*,*\Y
M771/R!9,=B9C*^]FS"+V\]K;\Z>6\7)&4EXJG?]LY=TUJALE`#!7=MH9];KY
M79@@H9U08`C=,Z@1G]8WT%LD8M`\RDO(-,^@6N;*V9M\!EE%/XUQCY(P6A:I
M?&/R'OFD#@HUF^DR]DA>H2R+;[8?\?4<5V<H"$KZ>95T2#2H[\"Z#PZEZ,IN
M_$B.M,U8#'*B)S:VNJ>1C5EQV`O#ZUIRS=G;4RL?PJ)C6%N#Z"Q"U<P7(#[4
MVE-K;:UFXH2V8:%!=`>,@#C6JFT)R\F,^4CS%8AKYR7L)+?7M>2:LW>G%NUJ
M5?OJC+:45)!<C)!F]J+`$;UZ+#:,UO!22:E@<(C?3_/TZX1C+=8#$8T9TZ^,
M1-WC8:,G=&DG=O,4K"7@G+W?CM_F(UAD".N'+X&=NAY>DOYR#.E*\TB=!7)3
M4BJ;U,E!17`0N?2`P2W^M8OI+ZF-U3@!7KV0^`W=/JUXF%:^A,V8Y@_(1PZ>
MC)C0*$&1ORYSPMD3OI;)<_8C=HKS@:QRI$IZN4$SO\YHI>R)R(XL/)#&]8%+
M*V#N0_MKGM<=L=V9ZF+",F0:@^Y%<N]'OJXE&@G=C[1^*'[2.;L/Z*HD-C%C
M3(]+5812MH;E/G!ZZ<Z/%;T6"9&!&04;OI#:]%=QXBWY[]KMM@._5FX*),V,
MF@$"H^(K>.[`NH/?\#(%,B&QF('D/7(0)O311W#X>'W`5;!-P:Q=`&8`E3M0
MZX<5<HAU4+!7.D*@W'/X&.#"B:8`*2X@,X#=S40JS,<U>#["1P""JNP=(F%0
M186CI/3A!?)PD_F4E$8%(H.[M?<"HJ&LXC,<#1`[)DVJ2X2%B3U*ZH^BE8_R
M9+[1,L1*](>8J=]I,""XRIX"$IYJ/41F!N;L^ZP9V1S'M+4G$$UE5;>%T80*
M0V=14LG7\,#SF=T#"+.R^MT=C!X^\\.'E_F6-AAN^`C@&($Q^(M*QXR5NG)Q
M3F`39O>!XF9.<*==`L.?N;LYWF"H6SM"\38G,@24A1G3\QX]H2!%]\@)YX$G
M9"H#ND+!,RE$!)2'&?!A;_G<]K,B]H*1!$!7*'SF!(;`\C`#ODT>;S73=UR4
MD+VA-U/QQD&V_%;/IM-@4(C-"1/UD)D9H-^A;Q6FHS#`/SK4<Q,-!HJ/!(7;
M@#A49QY-2B%H*J4YI0<0S>D"M9((K**NU@_9,#KS`@ZLNNLF&RW?_?]`[HU+
M%I.9A]SM%RGP0E,OKD\1$4KZD_2AX=6+521K,R;]=OU*WG2O56FH5[$T8:(?
M0#G+C<)A@,G-JBI&HKFZK4/HOI<F4M!26#)F3#)VT)LWX6K%#UKJ6IHP^[ZK
M`I<;;6P!6&C"PL?2G<S7N]AE=P&:,:\K)2]Y$[E6A6&G\*4)$_>@*F!N].HR
MCU!C&G-#;<M`$Y^=@@,.KFYF3]&9$;78,$'"+F%`'/#QK!3&U3,)Q:!S/)UG
M7B*N`QT&U9WEVT<1.LO0-&6XFLU0?NDKY^+>3FCX/"`&9':]0U@;NHRJ.X.X
MCSITEZ)I^O`EB$J''K.1ZW)\'_K^=1A]LZ,.41+Q,75G)O?1A:X2-,-\JQQV
M\\RW6@F@[?K+_:RWMD+,V=C@<LR[S8V89W<A`<SV1TL2&L>[R#A-XL0.7"^8
M;VB?A%F5PPY&6<\/F%&JN1EIYM23(E335N2*."H%J<L'M./*ZU<3%-$[F8&#
M-J^CXU_G#-\2<COMY^IIT&8,]E*X?6%CKDY6V,Z,H'$P3A:TC"F&<('MX=(J
M(B5*^ZA>ST]ILR\E:9@429MA9&P7P.;8&6_J%<6:RF";$"PRIGA*\[48(J:\
MZM4T+.6_*9+<.C')M1+10094T:0+>W+6YD:\1O-YA.:8DOR=,N),;.@C=WO"
M<1HU%,86P5/Z1W1'=`0!5R1D,];8:AE7W@I;KQ6W6\S5A-7U6-45F'LXBB([
MF%/K\WQ=*S,Z(N&''-9/N&&"S59LF'JA^QORY@O,\>@)1?8<T3]>8A&4SY""
M+3>]9.D^N5=14=8(I$US09J%4EWU\G5Z+>YS=!];]PZH1O^D"5V)K42]H$HU
MJDGV=%"V?V=IQ5!-P,-U'TWW`89<['N)PM`EH[$@_V]V1-?'<71/%D:Q3#+A
M(76?;*A>(+J)V`R3>;>X,L]LKM=W;2JQ;(+I_-W56BZB8ELP0DJSM/0[@%K+
M,-&8,1N;:BWS9F2]`"NWXK+^B6EXQ'!!O`OB-=#2OKGP8'%"6->!10=%Y*'$
MSBW+F7*++8L`U6]$W;Z.((`RQ*<$5TS/'(LN)@99\$0*9]&+<IC&CK#V&E"W
M%R.(J@3AJ9FL).W`CEP24_Z,S4)J<)/MB60F(/<Z3?!O[E!"ZD]>^^&W2LQ9
M?,%5]C'=WHKH%%<K=#4%ZXI]I3?QNP:3V%ZM_O.ZJU1VW?#W!8P99C?_[0.>
M`5XKE0Y\`4&_)?Y=/G^P"=KP:_L+1\^%ACN(QQ%ZB=*,:=]T!_QDDD;.PH[1
M)/(<])L=CWRJCR0]`G#%>Y04%='=\FPIOD2)[?F,%42@>D(^SK%\`L>KJ&X]
MFYJ\3)^!U7Q`U0GXC*C,U\E*G,2;"N6,E)N&=KK]:$$!LUE5(MEIF-C^]FK3
M+-K&AKJ]64'9<IA5JK83>]VNLV4CW5YA1X7=85*)0`O2*'I99O?6)IKOH$10
MS-O=S2C(&5FW#R8(G4QQ*L$;NWU;!#5C5V^EN[B_(`XL-LVP7;?K]9R4@=XB
M.V$<G-O![_C?2X2)M^].1Z>WE5(I7),44N'GI/HBF)U_U`H#*UD@BWR:_#[_
M^']9Y/,6_A(BOW6RH4PP9P^@2%`553;AVZUT)PR*E/IIXJ]S[>$5S09\2+##
MJK_^,#;3'83<^!K+AW`9M\/(Z:+;HA8"M95U,]*H[M$J3P;*"DT!$.)TT6V7
M"R'4RKH9"(FO?E]?ZS?F.R^`A'@I2^!5X.XL@!IL&%(>8):5!^!5?N+:*DW%
MT2KC4BN$6RNMEQ72:!^+L<6_TM]U+!.?N;E((S(WV-.TO:?&&_K]4(6^?K,C
MH\,P=)C<5N+G-X%#6&^*<[7)K'$4G7?K]Z,J'.&9L3=#*']`"5[->Z)>#J+S
MNOO>0=\1G>&8CQSL]I,?\H)A'1"O#Z'-CML;WBRQ#?_U'75F@H"%+S_FNV]+
M0:%'8)12V/%B8GON-,R6O2[:41M"6T!Z?TK"$)OAFT5V:1=;-1&Y7'2)LO]V
MP)PUD+:7;?>&/%^$9IQA5,HFGU2+B]ZAI%9TEAL$:"VL?&)MQB<A@0`EEIM_
MPDKL9\NF'S'B3.*@*C!78:T7$H9<P(-T'UQU92&QF+%8U\C,"\B0NEL7=A2M
M\S6MZ2B_#'N"A]!]FB$&T.[;F8*2,A1@HM#Y[W+O8ZL41^`695Z;*R20:]4"
MNB#E:[J/6*2JC43Y#T;#BML"Y%UW[/JFMA\+)0W!92GX)=U'1HHUJY/<#=6J
M,79HZ5V4/EL3;Q#="652=:%=6H;"W%@E5`!A1G_=66I2P>7*:/@QQ+HRDUH/
M(K,\:Z\M'*!D0E=E<(`8WR$1LY*V!N+[XR#PK?#?&=V$Y-SKQY8AE^JUJJXA
M@L8Q@'KPP?A``4="QNW6%5J+:K+DF>L$FYJD6M9JR3WL$1X(B/''/<]U'F+,
M"2\B.O&UX&.V%@2T'+`!AS_-C(NJAD#L:&`J(`OI:</BKS?ZGT?=[TC)/&*L
M-D?Y:^_OU)Y/S,>QRH&.<7Q)S&"*L@S4JH>8/3G#9H;;:7`Q>X`(S-A[N\0_
M)(0[#'JS4'U,HS'Q]^IYY459%06\SC*):$`!]P9WUAWC%H!#A"V39E"QZ:ZO
MP^A+X&0E@#''Y2M:K3E*\!%T!Y;%9Y>H=`[AJD(I)5)JP8N).G,2$M[6GO#9
M,E6L<A`5UP^8I/)O&@"ZZ8P49"K%>':6$QUHZ:?Q0@$8I]V0`$@4AQ/X$\:\
MM:/.NP%=40=*8_BP"\/=%V8EMP&ZP@R'5R-$S2\_9]6Y4VS<Y58>]X1>9`R=
M:?Y=@127D7DYF=MO>6=%A*D(L.%7:3<-*_\@L:\T(:6&.>91[?VM>K[F]K=)
MSB8I++$J#2?L-UA>UB6A79)P^]].3L@QIU,9,]L8,9:N47*-\/2T??)";(I)
M6F_-"`#[<CXSN'B3$C&;L8$P6+M$;NK0-?&7U/:]F8=<O.3DO]N\0"BL,N!Q
MAQ?IDB/)X9\=,>20U3.^":X"FQ3D[;KFL(894"BN&X,#6#0*TFMY$J3V:H:$
M[X??R!ODG7$'C3V\0)X\B1JM(>7!C?C.4>VJ.^M3&KYU>:@X43[ZI<I31<4U
MHI=7*B.@9)A'>X[F7D`>=R09-8&+?SBW?;*PQ>/9ER#"K><!>0(!]RXN6W`=
MV]H+>5#']K$@A+[<A2@IUF-."VF45JBA-Q8?<WJ._JUL9AC`LQEA=AB<S]G"
M^F&4(V(P6=R5)B^6I#XYI";5"?/3ENPZ=?604U@=A,<?GC<J5[)F&)5"/$TP
M+Y$R76&./CP_5*94!Z@G634.>AOG-R]9X/;$!DF311BUA+@D?V9X3JL2.1NM
M0O=E,&^+MUM[%:/Q;+1:^9Y#BOQGD5]$ZK4NO:3-T5'RL>'YR`IE;K12"2N&
M0%4M@QQ>#C-23%HCDM,VMSSCDSN4E`]/9:_=V\&Z<@\TOW.V]785UZ6M/3']
MX=2J?!#_`G_2FN%O6D_DHX5'FW_Z__SIP^NS'_\:6V[9IRBV0SQ=?T.%BERX
M"J$]!,-/G)/]#:TI5]N4MJ:Y,CMHS*M3@WDM'8LK*3.6_ETB[\*L3JP(HM4^
M.O/FM*!:%YB9P,+AU)L5IP7$WCM][\O2S6\@9XJUQ1ZLH`5YIQ?:66?JG%JT
M1:1@YMRMT"VV,C,ZZJQYN^>9S16=P3@+HJNW1*T^3)4LV9H=,W+C;1PT+E#8
MK?53E^3V7X1!'/J>2P[526@!Y2_P;,YEN;Y:[37RFJ]&J""OM%6\,6]#",F@
MI93@'Z@3YU3HL>*2(.+CA25)BATWN8(#^W*J/JLY%&3[)!3RR?:"70;)],4S
M>QFZ7K(F*0&$WI8XD?AH9CB&:G6J(0;55>RF[6450=V%R26*O7E`Y#.*?T;N
MW`OFE08%MRT%FWH/;8A;NE>=DH:(&0K6-#&JC*%D$F&Y/+/U"#Z"(0[P7M5%
M5+Y#-[P^V_\.HXLT3L(EBF#E9=Z^VS6>/IY:=!RK',BP"C/W7OP[V3[*2_BP
MBFDMW>2%.+90F*#(P0B/9S19=.SYF()/=GR/GE"0-GI&>`BQ$32G6X'@J(0O
MNHA'2=T2&"$.P@O'8^/3*V!F-F/H3FY2`]:NC-3#]4MJ8]*3-0"535/=^4*]
MA+_+L1GW9DLE(&77R7,F,4DB\+/L^'$:E7_?W+[BNO*U-]C/7IU:>!!Z:HJ'
ML>@7Z,,FY+]1]BER"S9,(RO,&\YQ0[O\H!&IPE?/%&5J@+@8T@BT9_%[:2UA
M&B?E^XLCYS^IEV6G81NM0#POW0BL9MII.,T['P336F'3'G(SPVD18H&DGY'[
M\\@M2NU+4H*F@75OKOW`[:$H;"F;KC)?@A6ENX&I+HK"'4[W]K\?]0!(U$"E
MN'I>^6'FV]/?`\&O=].=V:L,9):$#`3S$GMO?DC+-(N`6>^F.Z]6&9@L"1D(
M)O,]G/:GRT7'T9UGJVZ!ALK01/Q;Y"#)GC/A-1)-UMNA1)]W8@&C^3RB]^3S
M=P#)2>`F/N`%\^T`05'I'Q@H^!$:*"C)L)P-'9:S"1^0*\<-\8-53L\QD*!V
MK=E1CLR-`2TOK3T'&!X`2D-GO<O&X*R8'X=[R/#4E#GR(LBU\6+2QE[9B:AZ
M7:3+U-\Z&VQX9)S31^>9,D3H(9@3DU#:700V/OV&Q:OG[*R<W,X;+4/\NS\R
MUQ"`J*SQ=299BZ,O5ZJ&:DI%&F[JD$N_I?'R*0IC@=T4,)3.Q&L)^$-E-?C7
MYG88'SE.ILXD#($Y<HK:B2L?4>@JBH\E5*]^=AU&%1.>(T:XMNV3)IVYY?W5
M=O_H#6^IXV9>"@^D+2ZA?)E3]:2F]M@#+//M`RR$8%;RVX&Y_]7E*J_L/$'1
M9+&./<?VOP1>0NNOYU4I.%Z*X#C#"PUTD]0AU'D@&;Q9"0S,,+TS$#PLL)2Y
M\<':JXEG9Z?6#V2HOQ2E"?%H5C:<1<=3<:&GA7;^M1QP9XT3&.\A&8FW7/=B
MIYG&ZS""B.S,PD9VA__ZS)4=D2J<,18)%<:YC5<5P+;"[Z8S/-0/9I`\S#",
M?T/>?$$NOF!ELN?H+ET^HF@\HV3'XS2)$SNO\(I98$,I.(S.V$\_:#O)2\V[
MF;0J\7@VBN-T21(\4.1XI,[6I>>GQ#9X2$+G]_&*5=&,/#,I-H3.B$U'U,29
M',#DI(0CMZ9SPM.3/9#.*(>2"=HF,S,`W]TXQ/=0X>WS1_,@;)."F5BU[)",
MYD"4/IB/DM0=3PU$^2(`!ZGL`(3IH_DP[<C`C'M`=`M>A#X68GSUG]1+UJ`8
MW+O:B\%GKT^MZF!_MK+A3`O#4:(`J_M..XUSB4KU'JW2R%G8,7(OTPBK559?
M.MM5V6Q`^NH.J34BLC.7X#(8_MM@/%YI1:-N<.==M:?H](5[2P0'A_8D"N>1
MO<QK?O^!K>EEF`;)&1AS]@"ZK]%T0;Y-'`9MHKD?>_*0+I=VM![//D4VELDE
M5K-*+;)J4]J`__3LN]K3LV=O\GW6RD?!O\L_690RGM,/DR(<.W6.8]HOS/O-
ML\\;D1R[83$KUX:"F(*37TFF!WITG7\DR\'$7M,Z(.W;>-]Q=2X,N6E/J-P0
M/L(V5#"GMQ'.UYLF.>6C;W;D9O.L4BYEC)4BFB[LH*IWV+#-UM,=MYW^<4MI
M.4N/.21J-F+DZ._N6FB.>$WR+3N+I>2'!B0S29`36?*$Z*\A2:WQL=CX+Z[N
MY>.Z;32SM%D<M@/6TTOOR7.Q>:)!2[<_K=N:'(Z.-D%V@!I*BN1<1PC=8*,2
MZT*R1PUM_K3N&^7F:R@/,H,T]+&=W4>1"3E%T9+G4"O\INZ+\>IT4BE()KOY
M>5KN>MNWYSKUM6=W6YSZ_";KNN[#'WWWP_+=<_@KQ^39,;J"C93]J:,O+8#(
M8;PQW%<\VP&%EBMK2CYV])G%8#'$OB.[V0W>_9N.]*K[:9$\QDDAZ#+687JQ
MG84Z_(3HOC/F.HQFR$LP(*3@*S9&O;QP>3&)U"UK@$\?7=H^D!FRY`W8-A1X
M5'>`+JQL24DQ$.LWN0:HL[^BF)POT=F9>?<A^=4>51E.@>YB=D;JMRB`1Z5G
MRBPWNDC9?4U*WT"![AI^0U)Z)H!'I=_:"'?2"@IG8Q)YCHJ#(5$"M-W2,%GE
M!>$[!K^&I/,"UKO\6R\'H/4':--W.;5K%=H]6MH>N?I2/`^9VCXYSGO=,@/V
M38RVJT5&'L;VA_7@XBLWF$\OB#U'51YL^R?!QQK#4U*5&!T-$]-46<#X./N^
M#NFX(CLP>X,GIECH,%.1I2V3"*BZ#^QT<?\X#L2P:&.\X$VW#@O2`57C`SMU
M5(+F0#2Y[XFKGC!(3[*@>OY]G6Q*P?HPU+[]$$R/WO>E"ZKXQR-/<;0/QG+O
M$5(2EB0KTJ3BTH8"&J'S:8"GJ89(^/O:5<J7T/85Q.E!$E3WOZ]CU=X8'\PV
MHC0=PRCS"TP7=,I\7V>R<M`^F'DC?^-E2](<\ZL3C=#Y]'V=Z\K7@H,VORIR
M,<7\@I`$OL\T/-W7B?$AO,:R=7N=%H2Z"69AM*3C3U"49+-]&F9MBFOMW(OL
M;R`7V>FW+&_S,6M5?HT^X$Q;;BZY'^^TL\<=\$*KO^K<L;:<1B$:9S/TMJ4*
MYDLFE=O'35\\W'OO"@$R2`U[S,':"?24O.FX+RL5]O7#O&"_1^#,+7U4,1]'
MCV&:U-/91LEG3/CBS1F>`&^YAN1;D8I(55/2)E\NRR&%FV];=F+1KUMOSO[+
M(C/P:%@::EAB+:6S9DH\,<Z"M=.N;6FIS9\!+3`[K%:SO$U`"J\HZ`;_R'UY
MHM[6#,2:]8V%0(7\:O#$.+.!_C;>%,K_@A?XJ+)L3WP[B,_76U'R>[)?C9X]
MX5I-/3\V)#U0P7_%)A^F'M49NPQ)M%B)'K$_9H@>J9N/\I21+<1-]$+>"YD/
MWO-TX47)>AKB'Z](<&!]]ADQJAW@'MP.NEU<A1.E\EHF0&9*7C-M^JXH5()(
M*?/V]"&U)Z#(!Z??L"#6=]@NF7X+VY!B=M!=2FQ_4+7(3`E6(]^GU,4\?&J-
M=)?6V@\F#-GL:<Z(31A!9)1E2.N:+7(A,B-L^ET75V:[\!H*)A^&$AE=\\4`
MZUF#Q@WL3E*/DZ[OI@J+.I]!2#_U0'6LRVQ2*0L#G"<-:^I0CB=A[Y>_:S]P
M-.OA\N/!84TDV)$D@R.W6<M)LF<0<Q8(:/]#S/\2DYT9MM+5<N6':X0>4/2$
M#;EFRN_"X"E+]R7+6$PS*ZI_)^*Z"Y-_H>0>.>$\('YS=?E@J\N>/J_;7E>B
M;GN%[A`N_2@36)X2%T;YKT@[3N+BONG0[0T,2_NY8)JQ:`_DA9^!%2_:XPL_
M'[.U,:#78PQ8&5M=FN^[#->!52=2785KH.&4210Z"+GQ-49)<!$%=-5]VJ5$
MU<`BTZD=C8>8)84YQ?<H3OV$AF2PI/Z3VKXW6^-_XG^LPI@:`<WGFYT&.JRG
M0;I*P2B32N9A\)<5]GKH3[?>TN,$BM1^]3MZC4,N4`>HDK?A-PTJ6?OJ=_14
MAER@S#@3R,4TL4FB'K8G8W+!''P^\+YV/O#VU,J'M.B85G50PPX+6+RW'P>T
M]]2XRC"(>T`^_M3\$]$`VQ\%[LA=>H%'""9`Y+%L:OA56?K-2Q;5$86%(NV[
MF@\8H-JRLY3L!PTS%I-;A)=,O&+B58ZNLMS+C#_6UHYWIQ8=P:H,T?,Z8J.G
MP""3,^UQK]9.&F<\K1VRH>TR13?!'89O^@WY3^AS&"0+SHD-K+>NV0<1?>/$
M$Q&*&>9A$\4/R`D#]U_(YN1?MO73=E8F%;NZ),Q8],8>6;X_V<1#1M$3NK03
M^^1B0>P]$FZ+PB?DYG_B+X@?:@OB^U,+CV[9@6OA\:U\%(M\`?\Y_X;E!5;V
ME:)!_),1E[BOGBG$>#>["=P4X^TA@&G%[V7"M=Y!7L"&@'&\7FW:M5ISKU?G
M2\TOJ1W@50PKT_EZBK\YGN5_X-^7AO4>$%(PALRXT;Q%6-N-Y,;&9@`CHH([
M<#5RU?.*KR0;T/.+79QY!ZLPDNI-=6=%<51KU\)C\6F&*7YG)RGVRS=672L:
M[!ZZDW7@H+1Q;08VF;%[B9Z0'ZYHP5(2B,W_51!^AS@V)GR$H=Q#$Y7)@)"\
M1T]>3+/L9Y,(_QRF\56<>$LL&>Q?.1%Q,"]1]M^>D(M]2O=B*U<YNHAY0%HT
M22-G@4G'['WV:,R5..>^S<M=ZCVP[I5?KH:TBW!`^G!%XCQ4WTG(!7>@#C$)
MP[M>2X:[K/%UYUS*U0ZP0`>D)`^V+W_!8`VJ.W-1KCKP13<@'<"-W-1A9(L)
M+9^5@72G#DK>&&HBDIP<:$I4/R^M2BPD@%BXP?Z/@L'^HJIK."N"_>77:9?*
M]\MC@.,IP/$4X'@*<#P%.)X"'$\!CJ<`QU.`XRG`\13@4$\!"E)_#?UT"7?1
M=[L---[?S+U)0-7](QA2['ZZ5SE!K-H$8'`R&V9@CC\3DPL6`?;0R2TP%E-<
MK_?]*T&OM_@R<7LWWRX\X":?]YCZ=GA36-4,[N`-"\_E+J55\,H2)4;<GCZ>
MSNY?N0P\IVV\19&MQY24:3@IZ6L`&;=F-M9M%HO`Q.-#H:"+$S3;GZ1NC/_5
M6+>`E`QO:JC[E%%0P!QF#]F<_0HO\:KL`%#Z=OBU?V56*;7&&F<54:]S-/<"
M4E%V/"/W2JY3[/BB?/TEECV]/-P\UP2ZZS[L$YR!PH+1;>TTPEMLDPV[I`C,
M'8;170E$$.[.@MJG42$"F>`0NDMJR#%`-$#5L%.+P"3077>)B?XFC`9X]K6_
M"5@N'PT!2(@W10:,*;&]!U*WW(Y<4L_D,_89:1T5FL&7!DFAN'<HN;#CQ;4?
M?HMI]0$L-[SZ@*^VOC\3S7:I4&7E9)$8X(8P*Z/,PJ19A#:+$F<5U%E)>+P4
MNP=VVO5C5^MBTO(FF)&V;(;[CCN\R*(<29KA(W?@99-#R-J4NLNI-O8`8X/R
M1#K\VK8=9`$P>KH+NK/%:D144R;?W[&&W038T$)3^[GU00TI@P\IK"N3[^]8
MPZJ-I6K7]L`##$-+$N9@C:<I(F6]'2S;41"DME^X2==A5`3SW*FWI-ZN&A7J
M2,&00N-[%\ZA+'6]0PPU@;)55\6WAA305R@&YAII2BBKK+DFGWMN<.MU][IM
M37$N8DX?0U4*EB%R(Q7#2LNIXG4T'L]*G#-7&;E8*>CE/E@HHON(PPM/]96>
M&;85IG`W1PHO%SNLT<K=Y!=@1>@Y[`##45($:89.U/DHC3+P@5D^5H>A!A@I
MZBPP,_!N2*#,+X^MR\P'-L2PW@.,SHB(Q0P@2SU,$3;<.M3W`0\PP)"(H'#,
M0+2YADQ10`9O)#?+57[H3/^ZOD5Q7'WH@VN6]AUZ@,$*:0(U0S_J.T^VX>R&
MB<L%:YPWV/;TD-LALK"/;P\PTK`_2,Q0P9&#^4QHOF0146#K3&/C(24<\O@P
M"171B$]1P:>F;/3A`7GAQ;;O#"FS49$(#E*-LD=6X???E']X2!F:^Y))U_.5
M/+,S(4^/'T]7]G2Z0NM-#54U.QVO#/CF\+!U4B"C_<RDF*P:24C12V/SWT'/
M7+Y_(W3"9]8CEP=VBG<PN9\&+1QJ4C\EWC1[0I$]SU[4_4(>\471^:/?`".Y
M?,5H.Z0S-@X;>Y)RG'_SLS-K%_-6XR&=9_'X,"G;Y0'YR,$[^"\IMNY0Y*^O
MO<`.',_V*UM8\\[UMK9S_7AJ%>-9Y8!6.>+V%B;QT54^$_RW5Z%]]59L+%;(
M)Q2D'%^_WE+CTZIBJ-2K-S;R;$8P9XQ-3[J)9:'HVS#FO8';U%CGNZG]@&&S
M+KDRN[8<GE9$=YIIVY?Z8MG([O!1O+(C<ON:!.<>%EB`YW;L.6PT&<VUY5GT
M197+_N&A>^GY:=)8MHHAC[*#MM0+V0COB&!O+V3D?R'_]VC'"/_F_P-02P,$
M%`````@`,##:1JD["/MO$```9:4``!``'`!M>&,M,C`Q-3`S,S$N>'-D550)
M``/\(HU5_"*-575X"P`!!"4.```$.0$``.T=:7?CMO%S^U[_`ZJ^-IO7Z/*U
MN\XZ>;(L[ZJQ+<>2DTV_[(-(2$)-$0H/6>JO[P"\P`LB93FK5VH_>"E@9C`7
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MJ>\U^<'69F2.$5C>M"]JDC:?CQO,FC:/0"7-S[<W0P%7\P#/5P8UG[+`V^_?
MOV^*V@`T!2DTZI,^;O+J,;9)2!EJJ0*>FK:#32T&KSLA@@Q\VO0J8Z`T$_3,
M`Z4!J$X2<#;1&E.V;$(%P+=/ZJUV_;@=@+MV?8KQ(D298'LL2/L5'.4TA6(Q
M@]B9.*(F`\EDING.L[6C.U;362]($X#J`$4LJH5XFY'B",`#+\[F3M1D<'?[
MN1O"SWD'XF/`=`V]<2Z@6\<<EAAD3DSGFEGS*S+!K@'&^]W%!IU0HM>0@ZTI
M<;B_VPNLD<T$@WZ#39-!]X(!Q2_A98L%A?X#!7_ZP!WMG"MV!.PC_@##2"YY
M7M^$_N=R7CNFWC,=ZJQY9[3FHI$:HOI%30G!FP4F1,,ZF5"3"N[\+M]&=12@
MRX_8U)%'"TG$/C239"3BKDWT@?F#>%Y8Q`8R`ND&"GQ$'R0'2<.&YAKE<")6
M,E'\@D#AVYJ@RTR;&52'L5>_Q`;O^<,9(8[MZ3^_6JW\(]`X'XR)K_WNX&XX
MN.E?=4:]*W39N>G<=7MH^*G7&PT/FD^H]AY;(.:,.!28WV"&.*S:)L?%;8+>
MQ`A_>[`1T4/5V8/)8,$G7]!X1C?)@5/;YD1EF^$(_KOMW8%=!M=H<-][Z(SZ
M`'"P2ES;W1DVI\3NFT.':4\S9N@P`>[][L)0KS:3"E%MM]/B=NM^ZMQ][`U1
M_PXJ!MV?/@UNKGH/PV]0[^?'_NBW@S$3-L'V[-I@SQMZ6`2F-M19"4-UAI_0
M]<W@U\IVL#N(HBR2'N8RRM5:?\LG7A!4&<P&1/C1;B"/"&(3%)&IJJ*'[GR.
MK?5@,J13$R;H&H:IKJ8Q%^:GYO0>'%ZCQ%=^05BU0=XE#7+40#YA;A&)-(IH
MHX!X5<UTZ=K4)+;=9?,Q->4>D5FC-L'[I`F.&R@@@V0Z5=7V-::6R,$,)M>@
M"U.CV.B;MF.)^,U7_"8@I0W:K:0-3AJ(4_1R/[PGA$211+6J%NE:1*?.-=:H
M$<VEXF5J?;>3^CYM((\`"BA45;<=VR;.`\19EIB:#,8&G<HCC*)>K?.CI,[/
M&D@00Q$U))&KJ@'Z)CR2$5X%+UJY0*WBXZ2*WS:0AXT$>E55>D4LN@3&EH%*
MY0*U2D^2*GW70!)V535ZB__#K*YK.^!;EJ_41)E:KZ=)O;YO($$`A12JJML!
M-3JF_A'#),X.IA>),K5NSU)13JN!@()(-0,-)(A45;TWS+:]0?&>6#"_G3-S
M.,,6\12=6ZM6>3JPA,CR#2?V;3`"WWO?0H$@$A2KJO^\9%C97%<[%3NV>?`H
M4?D&>70JK>G!0IJ\Q4K4VDV%A>UC7[O()U!5M3X0@V?][K'EK$<6-FVL22K.
MK56J^R@5`;8A!/1I(4$,R=2JJOL;@FW"1U'J2,%WJE2MZU3TUX;P3]!`$I&J
MJCB<:CR`6-:27&$')R8A<HU:U:F@KWT6GXKXI/AB&XS>/)K8A2"<Z)7]PC<D
M!M%``3^[T.>)9:S#Q$]DAPTP:HND8L0V!(D!1122E!).!].428YODR0OEBP_
M2L6BI9+EZ$WP5%D+9F7'1WAL$$7VW*]76R85S>;ET-$;CUYE31!/T\K*SZQ1
MJST5Z*;3N)57>'Z^5E;^1BBU(5+A[X;<;N6M(N5T93.DB]5Z3X7`B81OY?4L
MI6IE/:>+U7I.!</Q+'#EU1Q/3\J:SJQ1*OLX'0IGI2\KKW,YER-K/*-<K>]T
M.)S,]%1>U\D$@ZSOG#JUSM-Q<58*HO)ZS\HX9(XNZ7JU_M-1L#(O47$SJ!,.
ML<&G"*3:-*DHMV""HN(VRHI=Z_>NI<U@4+FWJ$9^Q7;',)C&4\HC)J;G=D?[
MW87YN0Z]Z(;B,0^9*+&ASIU#H=.S'3KG\.'R)ON*.)@:BH#Y-1M5>TZ)*-PG
M6%EOB0?;]3!-U=%@0@LE`_,2FT_P6^P2PW>-3@/8(8.)AQAS@AW14MNV2*A?
ME[-AV&\=,1,Y,X(X#[S<Y^([Q/E`T)I87J=YI"KO%P_,,";,>L:6#@;+30K$
M[%\21VWGK$R"U("PH#*Q4'4+2BF$.M]ZS4QO8\(=@9XV(18X.E1Z`W',C-L@
MJFVY,3M11U%#W+(FV%7WVT(.7B$L6CL85;*-KXH[;%DB^9`R7@I`;:14:B.5
M0O()HI#BP0SW%EM2?I9!=@]*52M-<))*>,1,@$)JAWX@CU$/1&,F?_,+1@>3
M4$W7S)+SJ$SZP8<;%V:6N0/?+HBJC9W*MJ0'Q3@3?&#D$YA%Z`;P+D340W$$
MBL/BOS6?HX/#J&Q[2:;4-*DY%9OY^:$G_E9F>.D]FA9`3TWZ7_'6NP2Z$ZIX
M8>Z0MMI]4HFCHNXS#C@2*0XB>$)CGRD.Y$ILB9?OV&?LX$52JK\.TR%IKP_O
M^]A<VQ&$'^+&0MN8V^R*F-I/4@FNQ!>+.H*VT83O,5H&>XRXF_@\_.-O[X[:
M;[^W83H6X`23,>X^1L3.P3MD@_(5OP,S*I$V:T$O-5R=Z'US\^[\7(?9,7VU
M#VW8^P`%G!T>8$M>0B..^$M)L`0/PKDTB3%DAYQQWV,A;P>'BF^DR)[P;X!1
M&[;`YHO#M#_OZV9=_/67YH[8P+7">C_CE1SQ7X"OMF.QC1XBS.;_6_YR8I@N
M,M="S`><`B`.6SYTOX2Y.M.I1::@N"Y>4`<;?'X4F1!F47$;0L0`0YFS+N8+
M.R.N=I3T]I0<1PGY05K$$(S;H?OP66.&_RQ\Q@Z.E.M(V>/X!ABU6=,[8+)7
M2AR&\DV;OV)]=!.0VBCIC3,;MX(=NDIZ\U=V=RD`I[3.:7IQ4<ZFL4.OR5YJ
M%'W?^VAATZGS4U*E&%8&%0")9-MN2*EM7&!!4^Q3(0]-IH(#'IDD@F);X#$?
M;^KQ<>BPV78,/_G&C%?``=2(:G.GUU*IS1U]&4Y:]V!5V3@#Z!>6="0IO+5`
M.Z8W*14P@=7R#5R>AMK6Z75;&;86C2(:M8H68;-B\BH@(S\XF#VC3TI&ZXR9
MZ_C5`]?AYS'S['''N<66-CMN\_.1-_;Q+>FIW2&]5DS1]66'P)R%L-^SB`F$
M'2380,?M[\3AWP?WR!B2LZ9E>1!J$Z9R41FKCP\SL4U[S[/-4AA:;:)TFDFY
M-_U@K_R%X_$X,Z=2;8UT+B=[Z7C51ZVLM>'U\&1=_F&?Z'Y53HJN!*+:9.D\
MC6JU>1WYC?'/)EYS`8!]?K!KIGG"0,+3UQ59$H,MQ!+C1U,/?A4W]W;TU%Z0
M3@RIO4`*67PO"-D0*!(CH7\<W"/3G*"_*8C)SV=FYA*"`;[Y7NAT*^_8BIS2
M.<[2>2FU<P0L<.^(F`@<)<LU#D-'SM#!9_[8TOF7CEMXC8H3I;DI^`$*1+]V
M^?'0=\0)3_:./LV4?8GLO"FU3Z7S8!L&'(D]Y//'_2OB$'DLBK4CG$DDN$0/
MTI>APPNKW$3DQ3Z1)%]F,O-ZC:L]L]RQ0+$)49:3BET`!S_+,/6&CXXJ2+4%
M2VZ@/$2$Q?92QM-HA4#5=MIV-^7_7V?B?_C%<P]D@L2%=><.U%_4;,KO)ZSY
M93.+3"YJ\Y56#RX<^P*2-59S(X#@E!7WU0DC)Y7AMQN0P):6HI*Z3Z_IKZF@
MQ&X&O`<$'.IP]'NI&<3;`<=I[D!B`X_+2@PHQ'A%46\X_5W*"*Y75L:$M[Z2
MI-VHE5W*"]VFK+SQGO9*XEZ%C<C2^O?Y-:,+_?S?R4O_/H#<S'*0F;I`4'65
MI'<)Y@W?EDSYU:>Y*/Q7/<"K\Z)Z^ZA^W&ZL;#WBM`P3D1K*,1'@;<&$\D++
M'"XR<?A#/4(NVK[R=DQ5^YF(36(X=E!2CTAMPPWO._:.V!&TMN"GP*6>13Q%
MQKSS$+FKO.>N`G.SES&S'2-;<Q%S/FI"6.%P71^7\5D)S7^N1R02C/A7E'H+
MJS]WO_BG)\+T6"-TR<^5&%E8)UW7XI<0U@3'%[6-4-0P>.E%S;%</NSQFV[/
M83BD3!^)0=L;6)R@RM^-<U'3R9A"J3>R>W5S9L*,S%KW'3+GR*`$=VS#&.IR
M%7RTF+L(0"F`*(3K$FKP"`XT(@Z$7'M_1V3E7!I,>PK$*P"W44#=]1;U![)X
M]]F>.P&-'4@37TR=7DDMC@5)"U<:;0]D??%BX6Q=[)[L'NBJ^,*3;*6\`'\/
MI'_%!$].?_H#&]PG_<;3LAMTLP%X#^0J]]DK6]P7TM@#+93ZO).MA)>1V`,=
M[.Q318Z3O!KY/="=Z@HU_Y6K@B@AP1\Y;XSM./S9Q>+*^D"@O,K2UO!9`2>8
MPOMWMTS#.USCVIZ,&$QSI!?-DI@NL3-EV8Q3WN'`VQ8>V3]*P"!`*2>BA/5U
MA>S`"(JGWH%RCS;1@>/+L1%VIKS:;9D6>W)VR[7M,W:K3;+8CE=_9;X3\[#[
M,(4GO=QR`?8SYDV'ZOE!_-X*(;IG_`3%0(KLJOT4(]#X/5YG&2(JWII][S"_
MU^(_.%%2*-H6F>O8B9?^<9<\0MPX#]@1K3W5%,S?8M($4F>4[Z>K]B83HCGB
M4$-^-&EO!2\T:HN9JN'RK]CQ&]8\Z<HB;3E%LOE@;^\B@<;C$WZNE`USZW!>
M'27*\JJW>DLMF0%*V<$@HNNBMV#CWM5M^!6-A=E57Y5;SDAX(M1@\AO!EA?A
M^,$Q!_8O^_3?L"40]K/KP`19'%;&TP#PR%P[.-;75HN^#>*>1DPY?4<M?UFD
M/94]HQ>JY2Z#L*<R]U8+ZK7+=S+[IRV94[[UOXLM:^V?81N^*`J#;_F*6+B[
M"`?\[UFQ$\@RCI\*_;<P^'X.7*/+P2V9CXD5SJVE@FV32SJ;8VKN("M'5R/&
M_SQ#Z?H.YHYQ7A7U^\#ZC/*-:)S!'IW.G'6:^5R(?6`_KMG1,]ND?!GD:PL`
MH827:H@SG2[^VHQFN4%[LZ>T]T:`*Z:),4X<_<GSH+&MSS`"8BU<0U`,%OM/
M@4A;QPR.!2^877PF&MM4IS#>!L/\.BF8$F3?Y)$.-4P9**MJC_GW;D%12)$$
MV#=9RMTFD!1T6^Q]TT+N4>))@0L`[IMLDC.^X/Q;A8OOA.H>:VVWA\`J%/E:
M#>V;;A_-Q:9O'DJ0?9-GPP%V28L7!M\W.8/<JNYG4Q^([1H\ANZ;5]3^W<4&
MG:SA)_Q8,"^]'@7?VZ!^Y5QMSH$1*7MN`MLW.ZHW.J6FE@6AOZ*4'YK>$F5X
M_!]02P$"'@,4````"``P,-I&RA['B&K4```A>`X`$``8```````!````I($`
M````;7AC+3(P,34P,S,Q+GAM;%54!0`#_"*-575X"P`!!"4.```$.0$``%!+
M`0(>`Q0````(`#`PVD9SO^;,$QH``-<^`0`4`!@```````$```"D@;34``!M
M>&,M,C`Q-3`S,S%?8V%L+GAM;%54!0`#_"*-575X"P`!!"4.```$.0$``%!+
M`0(>`Q0````(`#`PVD8YKVJ]^A$``$'1```4`!@```````$```"D@17O``!M
M>&,M,C`Q-3`S,S%?9&5F+GAM;%54!0`#_"*-575X"P`!!"4.```$.0$``%!+
M`0(>`Q0````(`#`PVD:-+&S'QU$``.>[!``4`!@```````$```"D@5T!`0!M
M>&,M,C`Q-3`S,S%?;&%B+GAM;%54!0`#_"*-575X"P`!!"4.```$.0$``%!+
M`0(>`Q0````(`#`PVD;><?`#VCD``/BZ`P`4`!@```````$```"D@7)3`0!M
M>&,M,C`Q-3`S,S%?<')E+GAM;%54!0`#_"*-575X"P`!!"4.```$.0$``%!+
M`0(>`Q0````(`#`PVD:I.PC[;Q```&6E```0`!@```````$```"D@9J-`0!M
M>&,M,C`Q-3`S,S$N>'-D550%``/\(HU5=7@+``$$)0X```0Y`0``4$L%!@``
0```&``8`%`(``%.>`0``````
`
end

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>44
<FILENAME>R43.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393930806352">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>8. Derivatives - Net fair value of the Company&#8217;s derivative assets and liabilities (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_DerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract', window );"><strong>Derivatives - Net Fair Value Of Companys Derivative Assets And Liabilities Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsCurrent', window );">Current assets: Derivative instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsNoncurrent', window );">Noncurrent assets: Derivative instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Total assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_CurrentLiabilitiesDerivativeInstruments', window );">Current liabilities: Derivative instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 44,981<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesNoncurrent', window );">Noncurrent liabilities: Derivative instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Total Liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 44,981<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_CurrentLiabilitiesDerivativeInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_CurrentLiabilitiesDerivativeInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_DerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_DerivativesNetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 10<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13433-108611<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13495-108611<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51825145&amp;loc=SL20226008-175313<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13495-108611<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Current Assets<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509628<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 10<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13433-108611<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 10<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13433-108611<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13495-108611<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssetsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51825145&amp;loc=SL20226008-175313<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13495-108611<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 10<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13433-108611<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 10<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13433-108611<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13495-108611<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>45
<FILENAME>R29.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393929237120">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8. Derivatives (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_DerivativesTablesAbstract', window );"><strong>Derivatives Tables</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock', window );">Net fair value of the Company&#8217;s derivative assets and liabilities and their locations on the consolidated balance sheet</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Current assets: Derivative
    instruments</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Noncurrent
    assets: Derivative instruments</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    assets</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="width: 56%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Current liabilities:
    Derivative instruments</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">44,981</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Noncurrent
    liabilities: Derivative instruments</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    liabilities</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">44,981</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>




<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock', window );">Loss on derivative instruments included in the consolidated statements of operations</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td>&#160;</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid">2015</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid">2014</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 56%; font-size: 11pt; text-align: left">Unrealized loss on open non-hedge derivative instruments</td><td style="width: 8%; font-size: 11pt">&#160;</td>
    <td style="width: 1%; font-size: 11pt; text-align: left">$</td><td style="width: 12%; font-size: 11pt; text-align: right">&#151;&#160;&#160;</td><td style="width: 1%; font-size: 11pt; text-align: left">&#160;</td><td style="width: 8%; font-size: 11pt">&#160;</td>
    <td style="width: 1%; font-size: 11pt; text-align: left">$</td><td style="width: 12%; font-size: 11pt; text-align: right">(44,981</td><td style="width: 1%; font-size: 11pt; text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt">Gain (loss) on settlement of non-hedge derivative instruments</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right">102,069</td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right">(54,281</td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt">Total gain (loss) on derivative instruments</td><td style="font-size: 11pt; padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right">102,069</td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right">(99,262</td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left">)</td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><br style="line-height: 1.15" /></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_DerivativesTablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_DerivativesTablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4C<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5624171-113959<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4A<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5618551-113959<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>46
<FILENAME>R28.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393919726496">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>7. Income Taxes (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock', window );">Components of net deferred tax assets (liabilities)</a></td>
<td class="text"><p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Deferred tax assets:</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="width: 56%; font-size: 11pt; text-align: left; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Percentage
    depletion carryforwards</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,535,126</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,463,834</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Deferred
    stock-based compensation</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">36,958</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">29,475</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Asset
    retirement obligation</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">384,467</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">298,089</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Net
    operating loss</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">720,308</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">298,736</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Derivative
    instruments</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">13,944</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Other</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">11,111</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">9,673</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,687,970</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,113,751</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Deferred tax liabilities:</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Excess
    financial accounting bases over tax bases of&#160; &#160; property and equipment</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(3,348,840</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(2,972,200</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Net
    deferred tax liabilities</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(660,870</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(858,449</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock', window );">Income tax provision constituents</a></td>
<td class="text"><p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Current income
    tax expense</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6,500</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Deferred
    income tax (benefit) expense</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(197,499</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5,250</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(31,504</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    income tax provision:</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(197,499</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font>)</td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">11,750</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(31,504</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Effective tax rate</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(37</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(15</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%)</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock', window );">Reconciliation of the provision for income taxes to income taxes computed</a></td>
<td class="text"><p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Tax expense
    at federal statutory rate (1)</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(183,085</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">106,374</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(70,678</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Statutory depletion carryforward</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(71,292</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(127,204</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Effect of graduated rates</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">12,221</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(13,841</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,391</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Permanent differences</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">44,576</font></td><td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">46,421</font></td><td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">35,783</font></td><td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    income tax (benefit) expense</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(197,499</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">11,750</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(31,504</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Effective
    income tax rate</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(37</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%)</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(15</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%)</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">(1)
The federal statutory rate was 34% for fiscal years ending March 31, 2015, 2014 and 2013.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock', window );">Reconciliation of the beginning and ending balances of unrecognized tax benefits</a></td>
<td class="text"><p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Unrecognized
    tax benefits at beginning of period</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">679,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">677,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">677,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Additions based on tax
    positions related to the current year</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Changes to tax positions
    of prior years</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Settlements</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Expirations</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Unrecognized
    tax benefits at end of period</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">679,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">679,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">677,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 12<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the change in unrecognized tax benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 217<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51663037&amp;loc=d3e36027-109320<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15A<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=SL6600010-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>47
<FILENAME>R56.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393920716816">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14. Related Party Transactions (Details Narrative) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsAbstract', window );"><strong>Related Party Transactions [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty', window );">Shared office expenditures in addition to administrative and operating expenses paid on behalf of the majority stockholder</a></td>
<td class="nump">$ 125,209<span></span>
</td>
<td class="nump">$ 133,861<span></span>
</td>
<td class="nump">$ 144,404<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of selling, general and administrative expenses resulting from transactions, excluding transactions that are eliminated in consolidated or combined financial statements, with related party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>48
<FILENAME>R44.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393919578880">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8. Derivatives - Loss on derivative instruments included in the consolidated statements of operations (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_DerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract', window );"><strong>Derivatives - Loss On Derivative Instruments Included In Consolidated Statements Of Operations Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivativesAndCommodityContracts', window );">Unrealized loss on open non-hedge derivative instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (44,981)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet', window );">Gain (loss) on settlement of non-hedge derivative instruments</a></td>
<td class="nump">$ 102,069<span></span>
</td>
<td class="num">(54,281)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax', window );">Total gain (loss) on derivative instruments</a></td>
<td class="nump">$ 102,069<span></span>
</td>
<td class="num">$ (99,262)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_DerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_DerivativesLossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4C<br><br><br><br> -Subparagraph (e)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5624171-113959<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4A<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5618551-113959<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnDerivativesAndCommodityContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of open derivatives, commodity, or energy contracts, held at each balance sheet date, that was included in earnings for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnDerivativesAndCommodityContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>49
<FILENAME>R30.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393923203456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>10. Oil and Gas Costs (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExtractiveIndustriesAbstract', window );"><strong>Extractive Industries [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_CostsRelatedToOilAndGasActivitiesTableTextBlock', window );">Costs related to our oil and gas activities</a></td>
<td class="text"><p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Property acquisition
    costs:</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="width: 46%; font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Proved</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,108,040</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">785,144</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">20,542</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Unproved</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Exploration</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">15,472</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">9,641</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">15,715</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Development</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,746,582</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,152,986</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,265,126</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Capitalized
    asset retirement obligations</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">274,148</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">134,113</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">114,003</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    costs incurred for oil and gas properties</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5,144,242</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,081,884</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,415,386</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock', window );">Aggregate capitalized costs relating to our oil and gas property activities</a></td>
<td class="text"><p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td>&#160;</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid">2015</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid">2014</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid">2013</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: justify">Proved oil and gas properties</td><td style="width: 5%; font-size: 11pt">&#160;</td>
    <td style="width: 1%; font-size: 11pt; text-align: left">$</td><td style="width: 11%; font-size: 11pt; text-align: right">40,489,453</td><td style="width: 1%; font-size: 11pt; text-align: left">&#160;</td><td style="width: 5%; font-size: 11pt">&#160;</td>
    <td style="width: 1%; font-size: 11pt; text-align: left">$</td><td style="width: 11%; font-size: 11pt; text-align: right">35,386,751</td><td style="width: 1%; font-size: 11pt; text-align: left">&#160;</td><td style="width: 5%; font-size: 11pt">&#160;</td>
    <td style="width: 1%; font-size: 11pt; text-align: left">$</td><td style="width: 11%; font-size: 11pt; text-align: right">34,138,841</td><td style="width: 1%; font-size: 11pt; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify">Unproved oil and gas properties:</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt">subject to amortization</td><td style="font-size: 11pt">&#160;</td>
    <td style="font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; text-align: right">73,990</td><td style="font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt">&#160;</td>
    <td style="font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; text-align: right">73,990</td><td style="font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt">&#160;</td>
    <td style="font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; text-align: right">170,487</td><td style="font-size: 11pt; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt">not subject to amortization</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right">&#151;&#160;&#160;</td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right">&#151;&#160;&#160;</td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right">&#151;&#160;&#160;</td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="text-align: left">&#160;</td><td style="font-size: 11pt">&#160;</td>
    <td style="font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; text-align: right">40,563,443</td><td style="font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt">&#160;</td>
    <td style="font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; text-align: right">35,460,741</td><td style="font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt">&#160;</td>
    <td style="font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; text-align: right">34,309,328</td><td style="font-size: 11pt; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt">Less accumulated DD&#38;A</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right">19,752,994</td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right">18,395,619</td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right">17,249,803</td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="text-align: left; padding-bottom: 2.5pt">&#160;</td><td style="font-size: 11pt; padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right">20,810,449</td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right">17,065,122</td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left">&#160;</td><td style="font-size: 11pt; padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right">17,059,525</td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left">&#160;</td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_CostsRelatedToOilAndGasActivitiesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_CostsRelatedToOilAndGasActivitiesTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExtractiveIndustriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ExtractiveIndustriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>50
<FILENAME>R31.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393923246320">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13. Stock Options (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock', window );">Summary of the grant-date fair value of stock options granted and the related assumptions used in the Binomial models for stock options granted</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 11pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <td style="font: 11pt Times New Roman, Times, Serif">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 1pt">&#160;</td>
    <td colspan="11" style="font: 11pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">For the year ended March 31,</td></tr>
<tr style="vertical-align: bottom; font: 11pt Times New Roman, Times, Serif">
    <td style="font: 11pt Times New Roman, Times, Serif">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="font: 11pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2015</td><td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="font: 11pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2014</td><td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="font: 11pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">2013</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220); font: 11pt Times New Roman, Times, Serif">
    <td style="width: 46%; font: 11pt Times New Roman, Times, Serif; text-align: justify">Grant-date fair value</td><td style="width: 5%; font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left">$</td><td style="width: 11%; font: 11pt Times New Roman, Times, Serif; text-align: right">5.59</td><td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="width: 5%; font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left">$</td><td style="width: 11%; font: 11pt Times New Roman, Times, Serif; text-align: right">4.75</td><td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="width: 5%; font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="width: 11%; font: 11pt Times New Roman, Times, Serif; text-align: right">&#151;&#160;&#160;</td><td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 11pt Times New Roman, Times, Serif">
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: justify">Volatility factor</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">76.23</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">77.01</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">&#151;&#160;&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220); font: 11pt Times New Roman, Times, Serif">
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: justify">Dividend yield</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">&#151;&#160;&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">&#151;&#160;&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">&#151;&#160;&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 11pt Times New Roman, Times, Serif">
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: justify">Risk-free interest rate</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">2.52</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">1.74</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">%</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">&#151;&#160;&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220); font: 11pt Times New Roman, Times, Serif">
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: justify">Expected term (in years)</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">10</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">7</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">&#151;&#160;&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td></tr>
</table>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock', window );">Summary of activity of stock options</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Number
    </font><font style="font-size: 11pt"><br /><font style="font-family: Times New Roman, Times, Serif">&#160;of Shares</font></font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Weighted
    Average Exercise Price </font><font style="font-size: 11pt"><br /><font style="font-family: Times New Roman, Times, Serif">Per
    Share</font></font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Weighted
    Aggregate Average Remaining Contract Life in Years</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">Intrinsic </font><font style="font-size: 11pt"><br /><font style="font-family: Times New Roman, Times, Serif">Value</font></font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 40%; font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Outstanding
    at April 1, 2012</font></td><td style="width: 3%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 10%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">83,750</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 3%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 10%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.42</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 3%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 10%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">8.65</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 3%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 10%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">127,363</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Granted</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Exercised</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(3,750</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4.35</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Forfeited
    or Expired</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Outstanding at March
    31, 2013</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">80,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.52</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">8.03</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Granted</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">35,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5.98</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Exercised</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(1,400</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.29</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Forfeited
    or Expired</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Outstanding at March
    31, 2014</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">113,600</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.35</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7.66</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">154,062</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Granted</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">40,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7.00</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Exercised</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Forfeited
    or Expired</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Outstanding
    at March 31, 2015</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">153,600</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.52</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7.36</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Vested at March 31,
    2015</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">77,350</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.42</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.19</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Exercisable at March
    31, 2015</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">77,350</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.42</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.19</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_OtherInformationPertainingToOptionActivityTableTextBlock', window );">Other information pertaining to option activity</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Weighted
    average grant-date fair value of stock options granted (per share)</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5.59</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4.75</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Total fair value of options
    vested</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">150,063</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">108,500</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">108,500</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Total intrinsic value
    of options exercised</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6,244</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,138</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock', window );">Summary information about options outstanding</a></td>
<td class="text"><p style="margin: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 11pt">
<tr style="vertical-align: bottom">
    <td colspan="7" style="text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Range of Exercise Prices</font></td>
    <td style="padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Number of </font><br /><font style="font: 11pt Times New Roman, Times, Serif">Options</font></td>
    <td style="padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Weighted Average Exercise Price </font><br /><font style="font: 11pt Times New Roman, Times, Serif">Per Share</font></td>
    <td style="padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Weighted Average </font><br /><font style="font: 11pt Times New Roman, Times, Serif">Remaining Contract </font><br /><font style="font: 11pt Times New Roman, Times, Serif">Life in Years</font></td>
    <td style="padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Aggregate &#160; </font><br /><font style="font: 11pt Times New Roman, Times, Serif">Intrinsic&#160; </font><br /><font style="font: 11pt Times New Roman, Times, Serif">Value</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 1%; text-align: left">&#160;</td>
    <td style="width: 1%; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td>
    <td style="width: 1%; text-align: left">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td>
    <td style="width: 30%; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">5.98 &#150; 6.25</font></td>
    <td style="width: 1%; text-align: left">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td>
    <td style="width: 13%; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">45,000</font></td>
    <td style="width: 1%; text-align: left">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td>
    <td style="width: 13%; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.00</font></td>
    <td style="width: 1%; text-align: left">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td>
    <td style="width: 13%; text-align: right">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td>
    <td style="width: 13%; text-align: right">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">6.26 &#150; 6.50</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">28,600</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.29</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">6.51 &#150; 6.80</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">40,000</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.80</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">6.81 &#150; 7.00</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">40,000</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7.00</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">5.98 &#150; 7.00</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">153,600</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td>
    <td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.52</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left">&#160;</td>
    <td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7.36</font></td>
    <td style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td>
    <td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td>
    <td style="text-align: left">&#160;</td></tr>
</table>


<p style="margin: 0pt"></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_OtherInformationPertainingToOptionActivityTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_OtherInformationPertainingToOptionActivityTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (c)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(i))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 50<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6784392&amp;loc=d3e188667-122775<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 50<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51659978&amp;loc=d3e25284-112666<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 28<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (d)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>51
<FILENAME>R8.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393929101744">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2. Summary of Significant Accounting Policies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SignificantAccountingPoliciesTextBlock', window );">Summary of Significant Accounting Policies</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>2.
Summary of Significant Accounting Policies</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Principles
of Consolidation</b></font>. The consolidated financial statements include the accounts of Mexco Energy Corporation and its wholly
owned subsidiaries. All significant intercompany balances and transactions associated with the consolidated operations have been
eliminated.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Estimates
and Assumptions</b></font>. In preparing financial statements in conformity with accounting principles generally accepted in the
United States of America, management is required to make informed judgments, estimates and assumptions that affect the reported
amounts of assets and liabilities as of the date of the financial statements and affect the reported amounts of revenues and expenses
during the reporting period. In addition, significant estimates are used in determining year end proved oil and gas reserves. Although
management believes its estimates and assumptions are reasonable, actual results may differ materially from those estimates. The
estimate of the Company&#146;s oil and natural gas reserves, which is used to compute depreciation, depletion, amortization and
impairment of oil and gas properties, is the most significant of the estimates and assumptions that affect these reported results.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Cash
and Cash Equivalents</b></font>. The Company considers all highly liquid debt instruments purchased with maturities of three months
or less and money market funds to be cash equivalents. The Company maintains cash in bank deposit accounts that may, at times,
exceed federally insured limits. At March 31, 2015, the Company had the majority of its cash and cash equivalents with one financial
institution. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit
risk.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Accounts
Receivable.</b></font> Accounts receivable includes trade receivables from joint interest owners and oil and gas purchasers. Credit
is extended based on an evaluation of a customer's financial condition and, generally, is uncollateralized. Accounts receivable
under joint operating agreements have a right of offset against future oil and gas revenues if a producing well is completed. The
collectability of receivables is assessed and an allowance is made for any doubtful accounts. The allowance for doubtful accounts
is determined based on the Company&#146;s previous loss history. The Company has not experienced any significant credit losses.
For the years ending March 31, 2015, 2014 and 2013, no allowance has been made for doubtful accounts.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Oil
and Gas Properties</b></font>. Oil and gas properties are accounted for using the full cost method of accounting. Under this method
of accounting, the costs of unsuccessful, as well as successful, acquisition, exploration and development activities are capitalized
as property and equipment. This includes any internal costs that are directly related to exploration and development activities
but does not include any costs related to production, general corporate overhead or similar activities. The carrying amount of
oil and gas properties also includes estimated asset retirement costs recorded based on the fair value of the asset retirement
obligation (&#147;ARO&#148;) when incurred. Generally, no gains or losses are recognized on the sale or disposition of oil and
gas properties.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Excluded
Costs</b></font>. Oil and gas properties include costs that are excluded from capitalized costs being amortized. These amounts
represent investments in unproved properties and major development projects. These costs are excluded until proved reserves are
found or until it is determined that the costs are impaired. All costs excluded are reviewed at least quarterly to determine if
impairment has occurred. The amount of any impairment is transferred to the capitalized costs being amortized (the depreciation,
depletion and amortization (&#147;DD&#38;A&#148;) pool). Impairments transferred to the DD&#38;A pool increase the DD&#38;A rate.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><b>Ceiling
Test</b>. Under the full cost method of accounting, a ceiling test is performed each quarter. The full cost ceiling test is an
impairment test to determine a limit, or ceiling, on the book value of oil and gas properties. That limit is basically the after
tax present value of the future net cash flows from proved crude oil and natural gas reserves and using an average price over
the prior 12-month period held flat for the life of production plus the lower of cost or fair market value of unproved properties.
If net capitalized costs of crude oil and natural gas properties exceed the ceiling limit, the Company must charge the amount
of the excess to earnings as an expense reflected in additional accumulated DD&#38;A. This is called a "ceiling limitation write-down."
This charge does not impact cash flow from operating activities, but does reduce stockholders' equity and reported earnings.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Depreciation,
Depletion and Amortization</b></font>. The depreciable base for oil and gas properties includes the sum of capitalized costs, net
of accumulated DD&#38;A, estimated future development costs and asset retirement costs not accrued in oil and gas properties, less
costs excluded from amortization and salvage. The depreciable base of oil and gas properties is amortized using the unit-of-production
method.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Asset
Retirement Obligations</b></font>. The Company has significant obligations to plug and abandon natural gas and crude oil wells
and related equipment at the end of oil and gas production operations. The Company records the fair value of a liability for an
ARO in the period in which it is incurred and a corresponding increase in the carrying amount of the related asset. Subsequently,
the asset retirement costs included in the carrying amount of the related asset are allocated to expense using the units of production
method. In addition, increases in the discounted ARO liability resulting from the passage of time are reflected as accretion expense
in the Consolidated Statement of Operations.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Estimating the
future ARO requires management to make estimates and judgments regarding timing and existence of a liability, as well as what constitutes
adequate restoration. The Company uses the present value of estimated cash flows related to the ARO to determine the fair value.
Inherent in the present value calculation are numerous assumptions and judgments including the ultimate costs, inflation factors,
credit adjusted discount rates, timing of settlement, and changes in the legal, regulatory, environmental and political environments.
To the extent future revisions to these assumptions impact the present value of the existing ARO liability, a corresponding adjustment
is made to the related asset.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Income
Taxes</b></font>. The Company recognizes deferred tax assets and liabilities for future tax consequences of temporary differences
between the carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are
measured using enacted tax rates applicable to the years in which those differences are expected to be settled. The effect on deferred
tax assets and liabilities of a change in tax rates is recognized in net income in the period that includes the enactment date.
Any interest and penalties are recorded as interest expense and general and administrative expense, respectively.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Other
Property and Equipment</b></font>. Provisions for depreciation of office furniture and equipment are computed on the straight-line
method based on estimated useful lives of three to ten years.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Derivatives.
</b></font>The Company is required to recognize its derivative instruments on the consolidated balance sheets as assets or liabilities
at fair value with such amounts classified as current or long-term based on their anticipated settlement dates. The accounting
for the changes in fair value of a derivative depends on the intended use of the derivative and resulting designation. The Company
has not designated its derivative instruments as hedges for accounting purposes and, as a result, marks its derivative instruments
to fair value and recognizes the realized and unrealized change in fair value on derivative instruments in the consolidated statements
of operations.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>(Loss)
Income Per Common Share</b></font>. Basic net (loss) income per share is computed by dividing net (loss) income by the weighted
average number of common shares outstanding during the period. Diluted net (loss) income per share assumes the exercise of all
stock options having exercise prices less than the average market price of the common stock during the period using the treasury
stock method and is computed by dividing net (loss) income by the weighted average number of common shares and dilutive potential
common shares (stock options) outstanding during the period. In periods where losses are reported, the weighted-average number
of common shares outstanding excludes potential common shares, because their inclusion would be anti-dilutive.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 9pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Revenue
Recognition. </b></font>Oil and gas sales and resulting receivables are recognized when the product is delivered to the purchaser
and title has transferred. Sales are to credit-worthy energy purchasers with payments generally received within 60 days of transportation
from the well site. The Company has historically had little, if any, uncollectible oil and gas receivables.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Gas
Balancing</b></font>. Gas imbalances are accounted for under the sales method whereby revenues are recognized based on production
sold. A liability is recorded when excess takes of natural gas volumes exceed estimated remaining recoverable reserves (over produced).
No receivables are recorded for those wells where the Company has taken less than its ownership share of gas production (under
produced). The Company does not have any significant gas imbalances.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Stock-based
Compensation</b></font>. The Company uses the Binomial option pricing model to estimate the fair value of stock based compensation
expenses at grant date. This expense is recognized as compensation expense in its financial statements over the vesting period.
The Company recognizes the fair value of stock-based compensation awards as wages in the Consolidated Statements of Operations
based on a graded-vesting schedule over the vesting period.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Recent
Accounting Pronouncements. </b></font>In May 2014, the Financial Accounting Standards Board (&#147;FASB&#148;) issued Accounting
Standards Update (&#147;ASU&#148;) No. 2014-09, Topic 606: Revenue from Contracts with Customers. ASU No. 2014-09 is effective
for Mexco as of April 1, 2017. Management is evaluating the effect, if any this pronouncement will have on the Company&#146;s
consolidated financial statements.</p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SignificantAccountingPoliciesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for all significant accounting policies of the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18861-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18726-107790<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18743-107790<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18854-107790<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SignificantAccountingPoliciesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>52
<FILENAME>R32.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393919662640">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>15. Lease Commitments (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCommitmentsTableTextBlock', window );">15. Lease Commitments (Tables)</a></td>
<td class="text"><p style="margin: 0pt"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: center; padding-bottom: 1pt; padding-left: 10pt"></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: center"><p style="margin-top: 0; margin-bottom: 0; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">Commitment</font></p>
                                                                 <p style="margin-top: 0; margin-bottom: 0; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">Amount</font> (1)</p></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="width: 60%; font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Fiscal
    Year 2016</font></td><td style="width: 10%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 28%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">23,440</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Fiscal Year 2017</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,420</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitmentsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of information about obligations resulting from other commitments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCommitmentsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>53
<FILENAME>R40.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393928600224">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>7. Income Tax Provision (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_IncomeTaxProvisionDetailsAbstract', window );"><strong>Income Tax Provision Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentIncomeTaxExpenseBenefit', window );">Current income tax expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred income tax (benefit) expense</a></td>
<td class="num">$ (197,499)<span></span>
</td>
<td class="nump">5,250<span></span>
</td>
<td class="num">$ (31,504)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Total income tax provision:</a></td>
<td class="num">$ (197,499)<span></span>
</td>
<td class="nump">$ 11,750<span></span>
</td>
<td class="num">$ (31,504)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations', window );">Effective tax rate</a></td>
<td class="num">(37.00%)<span></span>
</td>
<td class="nump">4.00%<span></span>
</td>
<td class="num">(15.00%)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_IncomeTaxProvisionDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_IncomeTaxProvisionDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Current Tax Expense (or Benefit)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509736<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 6.I.7)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 6<br><br><br><br> -Section I<br><br><br><br> -Subsection 7<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Deferred Tax Expense (or Benefit)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510177<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 6.I.7)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 6<br><br><br><br> -Section I<br><br><br><br> -Subsection 7<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h)(2))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 12<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -Subparagraph (a),(b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Income Tax Expense (or Benefit)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>54
<FILENAME>R53.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393928712080">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13. Stock Options - Other information pertaining to option activity (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue', window );">Weighted average grant-date fair value of stock options granted (per share)</a></td>
<td class="nump">$ 5.59<span></span>
</td>
<td class="nump">$ 4.75<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1', window );">Total fair value of options vested</a></td>
<td class="nump">$ 150,063<span></span>
</td>
<td class="nump">$ 108,500<span></span>
</td>
<td class="nump">$ 108,500<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue', window );">Total intrinsic value of options exercised</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6,244<span></span>
</td>
<td class="nump">$ 3,138<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (d)(2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (d)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of options vested. Excludes equity instruments other than options, for example, but not limited to, share units, stock appreciation rights, restricted stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>55
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393911196320">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED BALANCE SHEETS - USD ($)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 96,084<span></span>
</td>
<td class="nump">$ 156,082<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrentAbstract', window );"><strong>Accounts receivable:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OilAndGasJointInterestBillingReceivablesCurrent', window );">Oil and gas sales</a></td>
<td class="nump">384,485<span></span>
</td>
<td class="nump">628,098<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_AccountsReceivableTradeCurrent', window );">Trade</a></td>
<td class="nump">64,584<span></span>
</td>
<td class="nump">18,144<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseCurrent', window );">Prepaid costs and expenses</a></td>
<td class="nump">44,618<span></span>
</td>
<td class="nump">28,804<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
<td class="nump">589,771<span></span>
</td>
<td class="nump">831,128<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNetAbstract', window );"><strong>Property and equipment, at cost</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OilAndGasPropertyFullCostMethodGross', window );">Oil and gas properties, using the full cost method</a></td>
<td class="nump">40,563,443<span></span>
</td>
<td class="nump">35,460,741<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentOther', window );">Other</a></td>
<td class="nump">106,792<span></span>
</td>
<td class="nump">94,356<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment', window );">Accumulated depreciation, depletion and amortization</a></td>
<td class="num">(19,838,036)<span></span>
</td>
<td class="num">(18,475,174)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property and equipment, net</a></td>
<td class="nump">20,832,199<span></span>
</td>
<td class="nump">17,079,923<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsNoncurrent', window );">Other noncurrent assets</a></td>
<td class="nump">48,980<span></span>
</td>
<td class="nump">7,239<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="nump">21,470,950<span></span>
</td>
<td class="nump">17,918,290<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent', window );">Accounts payable and accrued expenses</a></td>
<td class="nump">$ 423,121<span></span>
</td>
<td class="nump">257,431<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedIncomeTaxesCurrent', window );">Income tax payable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,500<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesCurrent', window );">Derivative instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">44,981<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
<td class="nump">$ 423,121<span></span>
</td>
<td class="nump">308,912<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtNoncurrent', window );">Long-term debt</a></td>
<td class="nump">5,950,000<span></span>
</td>
<td class="nump">2,425,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationsNoncurrent', window );">Asset retirement obligations</a></td>
<td class="nump">1,230,216<span></span>
</td>
<td class="nump">926,577<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesNoncurrent', window );">Deferred income tax liabilities</a></td>
<td class="nump">660,870<span></span>
</td>
<td class="nump">858,449<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="nump">$ 8,264,207<span></span>
</td>
<td class="nump">$ 4,518,938<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Stockholders' equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Preferred stock - $1.00 par value; 10,000,000 shares authorized; none outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock - $0.50 par value; 40,000,000 shares authorized; 2,104,266 shares issued; 2,037,266 and 2,038,266 shares outstanding as of March 31, 2015 and 2014, respectively</a></td>
<td class="nump">$ 1,052,133<span></span>
</td>
<td class="nump">$ 1,052,133<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="nump">7,075,031<span></span>
</td>
<td class="nump">6,921,645<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">5,425,580<span></span>
</td>
<td class="nump">5,766,566<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValue', window );">Treasury stock, at cost (67,000 and 66,000 shares, respectively)</a></td>
<td class="num">(346,001)<span></span>
</td>
<td class="num">(340,992)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total stockholders' equity</a></td>
<td class="nump">13,206,743<span></span>
</td>
<td class="nump">13,399,352<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and stockholders' equity</a></td>
<td class="nump">$ 21,470,950<span></span>
</td>
<td class="nump">$ 17,918,290<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_AccountsReceivableTradeCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_AccountsReceivableTradeCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19,20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNetCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsReceivableNetCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedIncomeTaxesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 15<br><br><br><br> -Article 9<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 15<br><br><br><br> -Subparagraph b(1)<br><br><br><br> -Article 7<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedIncomeTaxesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.14)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapitalCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.30(a)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapitalCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Noncurrent portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 12<br><br><br><br> -Article 7<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.9)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6801-107765<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.10-17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3044-108585<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash Equivalents<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, netted by jurisdiction and classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31931-109318<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31958-109318<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31917-109318<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Current Liabilities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509677<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 10<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13433-108611<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13495-108611<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19-26)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.32)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 25<br><br><br><br> -Article 7<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OilAndGasJointInterestBillingReceivablesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Current portion of accounts receivable attributable to joint interest partners in oil and gas properties. These are billings to the non-operators associated with the operation of wells and are based on those owners' working interests in the wells.  For classified balance sheets, represents the current amount receivable, that is amounts expected to be collected within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 323<br><br><br><br> -Section 25<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6474814&amp;loc=d3e64006-109457<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OilAndGasJointInterestBillingReceivablesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OilAndGasPropertyFullCostMethodGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Oil and gas properties, gross, carried under the full cost method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OilAndGasPropertyFullCostMethodGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6787-107765<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 340<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 05<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51662447&amp;loc=d3e5879-108316<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Current Assets<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509628<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (g)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PrepaidExpenseCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 8<br><br><br><br> -Article 7<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNetAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNetAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation, depletion and amortization of other physical assets used in the normal conduct of business to produce goods and services and not intended for resale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.31(a)(3))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SAB TOPIC 4.E)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29-31)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section E<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23315-112656<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>56
<FILENAME>R45.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393919545728">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>9. Major Customers (Details Narrative)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RisksAndUncertaintiesAbstract', window );"><strong>Risks and Uncertainties [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_MajorCustomerPercentOfTotalOilAndGasRevenues', window );">Major customer, percent of total oil and gas revenues</a></td>
<td class="nump">17.00%<span></span>
</td>
<td class="nump">22.00%<span></span>
</td>
<td class="nump">26.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_MajorCustomerPercentOfTotalOilAndGasReceivable', window );">Major customer, total oil and gas accounts receivable</a></td>
<td class="nump">19.00%<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
<td class="nump">24.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_MajorCustomerQuantity', window );">Major customer, quantity</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_MajorCustomerPercentOfTotalOilAndGasReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_MajorCustomerPercentOfTotalOilAndGasReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_MajorCustomerPercentOfTotalOilAndGasRevenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_MajorCustomerPercentOfTotalOilAndGasRevenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_MajorCustomerQuantity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_MajorCustomerQuantity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RisksAndUncertaintiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RisksAndUncertaintiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>57
<FILENAME>R6.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393911534736">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash flows from operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net (loss) income</a></td>
<td class="num">$ (340,986)<span></span>
</td>
<td class="nump">$ 301,113<span></span>
</td>
<td class="num">$ (176,374)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net (loss) income to net cash provided by operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred income tax (benefit) expense</a></td>
<td class="num">(197,499)<span></span>
</td>
<td class="nump">5,250<span></span>
</td>
<td class="num">(31,504)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Stock-based compensation</a></td>
<td class="nump">153,386<span></span>
</td>
<td class="nump">152,448<span></span>
</td>
<td class="nump">138,303<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationDepletionAndAmortization', window );">Depreciation, depletion and amortization</a></td>
<td class="nump">1,362,862<span></span>
</td>
<td class="nump">1,151,482<span></span>
</td>
<td class="nump">1,100,425<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationAccretionExpense', window );">Accretion of asset retirement obligations</a></td>
<td class="nump">27,932<span></span>
</td>
<td class="nump">44,366<span></span>
</td>
<td class="nump">$ 39,376<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1', window );">(Gain) loss on derivative instruments</a></td>
<td class="num">(102,069)<span></span>
</td>
<td class="nump">99,262<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in assets and liabilities, net of business combinations:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsReceivable', window );">Decrease (increase) in accounts receivable</a></td>
<td class="nump">197,173<span></span>
</td>
<td class="num">(90,901)<span></span>
</td>
<td class="num">$ (117,123)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidExpense', window );">Increase in prepaid expenses</a></td>
<td class="num">$ (15,814)<span></span>
</td>
<td class="num">(9,523)<span></span>
</td>
<td class="num">(2,499)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherNoncurrentAssets', window );">Decrease (increase) in noncurrent assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">109,215<span></span>
</td>
<td class="num">$ (116,454)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable', window );">(Decrease) increase in income tax payable</a></td>
<td class="num">$ (6,500)<span></span>
</td>
<td class="nump">6,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities', window );">Increase (decrease) in accounts payable and accrued expenses</a></td>
<td class="nump">98,494<span></span>
</td>
<td class="nump">43,289<span></span>
</td>
<td class="num">$ (17,358)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash provided by operating activities</a></td>
<td class="nump">1,176,979<span></span>
</td>
<td class="nump">1,812,501<span></span>
</td>
<td class="nump">816,792<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash flows from investing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireOilAndGasProperty', window );">Additions to oil and gas properties</a></td>
<td class="num">$ (4,777,979)<span></span>
</td>
<td class="num">$ (2,150,478)<span></span>
</td>
<td class="num">(1,300,151)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates', window );">Acquisition of business</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,150,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment', window );">Additions to other property and equipment</a></td>
<td class="num">$ (12,436)<span></span>
</td>
<td class="num">$ (2,030)<span></span>
</td>
<td class="num">(13,806)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount', window );">Settlement of asset retirement obligations</a></td>
<td class="num">(39,352)<span></span>
</td>
<td class="num">(63,230)<span></span>
</td>
<td class="num">$ (4,918)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForDerivativeInstrumentInvestingActivities', window );">Settlement of derivatives</a></td>
<td class="nump">57,089<span></span>
</td>
<td class="num">(54,281)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment', window );">Proceeds from sale of oil and gas properties and equipment</a></td>
<td class="nump">15,710<span></span>
</td>
<td class="nump">963,388<span></span>
</td>
<td class="nump">$ 69,042<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash used in investing activities</a></td>
<td class="num">(4,756,968)<span></span>
</td>
<td class="num">$ (1,306,631)<span></span>
</td>
<td class="num">(2,399,833)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash flows from financing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Acquisition of treasury stock</a></td>
<td class="num">$ (5,009)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(15,547)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromStockOptionsExercised', window );">Proceeds from exercise of stock options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 8,806<span></span>
</td>
<td class="nump">16,313<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfLongTermDebt', window );">Reduction of long-term debt</a></td>
<td class="num">$ (150,000)<span></span>
</td>
<td class="num">(1,375,000)<span></span>
</td>
<td class="num">(350,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities', window );">Proceeds from long-term debt</a></td>
<td class="nump">3,675,000<span></span>
</td>
<td class="nump">850,000<span></span>
</td>
<td class="nump">1,600,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash provided by (used in) financing activities</a></td>
<td class="nump">3,519,991<span></span>
</td>
<td class="num">(516,194)<span></span>
</td>
<td class="nump">1,250,766<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net decrease in cash and cash equivalents</a></td>
<td class="num">(59,998)<span></span>
</td>
<td class="num">(10,324)<span></span>
</td>
<td class="num">(332,275)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at beginning of period</a></td>
<td class="nump">156,082<span></span>
</td>
<td class="nump">166,406<span></span>
</td>
<td class="nump">498,681<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at end of period</a></td>
<td class="nump">96,084<span></span>
</td>
<td class="nump">156,082<span></span>
</td>
<td class="nump">166,406<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowInformationAbstract', window );"><strong>Supplemental disclosure of cash flow information:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPaid', window );">Cash paid for interest</a></td>
<td class="nump">91,264<span></span>
</td>
<td class="nump">$ 67,170<span></span>
</td>
<td class="nump">$ 49,158<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaid', window );">Income taxes paid</a></td>
<td class="nump">13,032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract', window );"><strong>Non-cash investing and financing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_AssetRetirementObligations', window );">Asset retirement obligations</a></td>
<td class="nump">$ 274,148<span></span>
</td>
<td class="nump">$ 134,113<span></span>
</td>
<td class="nump">$ 114,003<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_SubsidiaryLiabilityAbstract', window );"><strong>Acquisition of subsidiary resulting in the assumption of liabilities as follows:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueOfAssetsAcquired', window );">Fair value of assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,276,636<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireBusinessesGross', window );">Cash paid</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,150,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAssumed1', window );">Liabilities assumed</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 126,636<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_AssetRetirementObligations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Asset Retirement Obligations [Default Label]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_AssetRetirementObligations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_SubsidiaryLiabilityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_SubsidiaryLiabilityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationAccretionExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)(3)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392676&amp;loc=d3e7480-110848<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationAccretionExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3044-108585<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash Equivalents<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 830<br><br><br><br> -SubTopic 230<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49171198&amp;loc=d3e33268-110906<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) from the increase (decrease) in fair value of derivative and nonderivative instruments designated as fair value hedging instruments recognized in the income statement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 25<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6886632&amp;loc=d3e76258-113986<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Deferred Tax Expense (or Benefit)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510177<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 6.I.7)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 6<br><br><br><br> -Section I<br><br><br><br> -Subsection 7<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationDepletionAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationDepletionAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueOfAssetsAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of assets acquired in noncash investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4332-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4313-108586<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4304-108586<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueOfAssetsAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 25<br><br><br><br> -Subparagraph (f)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3536-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in other noncurrent operating assets not separately disclosed in the statement of cash flows.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPrepaidExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid for interest during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 25<br><br><br><br> -Subparagraph (e)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3536-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAssumed1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of liabilities assumed in noncash investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4332-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4313-108586<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4304-108586<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAssumed1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 26<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3574-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 26<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3574-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 25<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3536-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Net Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51831255<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Other Comprehensive Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51831270<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForDerivativeInstrumentInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for derivative instruments during the period, which are classified as investing activities, excluding those designated as hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForDerivativeInstrumentInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to reacquire common stock during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 15<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Financing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of a controlling interest in another entity or an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, joint venture or equity method investment).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3213-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Investing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireBusinessesGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Investing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3213-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireBusinessesGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireOilAndGasProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to purchase of mineral interests in oil and gas properties for use in the normal oil and gas operations and not intended for resale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Investing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3213-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireOilAndGasProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for acquisition of or capital improvements of property, plant and equipment, used to produce goods or deliver services, and not otherwise defined in the taxonomy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3213-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Investing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from long-term debt, including capital lease obligations and mandatory redeemable capital securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Financing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow to dispose of long-lived, physical assets and mineral interests in oil and gas properties used for normal oil and gas operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Investing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 12<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3179-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (j)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 14<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3255-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Financing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfLongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 15<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Financing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RepaymentsOfLongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of asset retirement obligations settled through noncash transactions. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4332-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4313-108586<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4304-108586<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SupplementalCashFlowInformationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SupplementalCashFlowInformationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>58
<FILENAME>R59.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393924647360">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>16. Oil and Gas Reserve Data - Summary of Proved Developed and Undeveloped Reserves (Details)<br></strong></div></th>
<th class="th">
<div>Mar. 31, 2015 </div>
<div>bbl </div>
<div>Mcf</div>
</th>
<th class="th">
<div>Mar. 31, 2014 </div>
<div>bbl </div>
<div>Mcf</div>
</th>
<th class="th">
<div>Mar. 31, 2013 </div>
<div>bbl </div>
<div>Mcf</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedUndevelopedReserveVolume', window );">Proved Undeveloped Reserves</a></td>
<td class="nump">3,960,232<span></span>
</td>
<td class="nump">3,419,362<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReserveQuantitiesByTypeOfReserveAxis=us-gaap_OilReservesMember', window );">Oil [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedReservesVolume', window );">Proved Developed Reserves</a></td>
<td class="nump">283,670<span></span>
</td>
<td class="nump">294,620<span></span>
</td>
<td class="nump">237,420<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedUndevelopedReserveVolume', window );">Proved Undeveloped Reserves</a></td>
<td class="nump">376,070<span></span>
</td>
<td class="nump">206,930<span></span>
</td>
<td class="nump">128,290<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReserveQuantitiesByTypeOfReserveAxis=us-gaap_NaturalGasReservesMember', window );">Natural Gas [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedReservesVolume', window );">Proved Developed Reserves | Mcf</a></td>
<td class="nump">4,584,790<span></span>
</td>
<td class="nump">4,081,470<span></span>
</td>
<td class="nump">4,807,020<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedUndevelopedReserveVolume', window );">Proved Undeveloped Reserves | Mcf</a></td>
<td class="nump">1,703,790<span></span>
</td>
<td class="nump">2,177,810<span></span>
</td>
<td class="nump">3,037,180<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvedDevelopedReservesVolume">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net quantities of an enterprise's interests in proved developed reserves of either crude oil (including condensate and natural gas liquids), natural gas, synthetic oil and gas, or other nonrenewable natural resource that is intended to be upgraded into synthetic oil and gas as of the beginning and the end of the year. "Net" quantities of reserves include those relating to the enterprise's operating and nonoperating interests in properties. Quantities of reserves relating to royalty interests owned are included in "net" quantities if the necessary information is available to the enterprise. "Net" quantities does not include reserves relating to interests of others in properties owned by the enterprise. The unit of measure for reserve quantities is defined as "barrels" for oil and synthetic oil reserves or "cubic feet" or "cubic meters" for natural gas and synthetic gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61884-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61797-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvedDevelopedReservesVolume</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:volumeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvedUndevelopedReserveVolume">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net quantities of an enterprise's interests in proved undeveloped reserves of either crude oil (including condensate and natural gas liquids), natural gas, synthetic oil and gas, or other renewable natural resource that is intended to be upgraded into synthetic oil and gas as of the beginning and the end of the year. "Net" quantities of reserves include those relating to the enterprise's operating and nonoperating interests in properties. Quantities of reserves relating to royalty interests owned are included in "net" quantities if the necessary information is available to the enterprise. "Net" quantities does not include reserves relating to interests of others in properties owned by the enterprise. The unit of measure for reserve quantities is defined as "barrels" for oil and synthetic oil reserves or "cubic feet" or "cubic meters" for natural gas and synthetic gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61884-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61797-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvedUndevelopedReserveVolume</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:volumeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReserveQuantitiesByTypeOfReserveAxis=us-gaap_OilReservesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReserveQuantitiesByTypeOfReserveAxis=us-gaap_OilReservesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReserveQuantitiesByTypeOfReserveAxis=us-gaap_NaturalGasReservesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReserveQuantitiesByTypeOfReserveAxis=us-gaap_NaturalGasReservesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>59
<FILENAME>R35.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393919990864">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>3. Business Combinations (Details)<br></strong></div></th>
<th class="th">
<div>Dec. 31, 2012 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationsAbstract', window );"><strong>Business Combinations [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_ProvedOilAndGasProperties', window );">Proved oil and gas properties</a></td>
<td class="nump">$ 1,202,013<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_AccountsReceivable', window );">Accounts receivable</a></td>
<td class="nump">74,623<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_TotalAssetsAcquired', window );">Total assets acquired</a></td>
<td class="nump">1,276,636<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_AccountsPayable', window );">Accounts payable</a></td>
<td class="num">(45,876)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations', window );">Asset retirement obligations assumed</a></td>
<td class="num">(80,760)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_NetPurchasePrice', window );">Net purchase price</a></td>
<td class="nump">$ 1,150,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_AccountsPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_AccountsPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_AccountsReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_AccountsReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Asset retirement obligations assumed</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_BusinessAcquisitionPurchasePriceAllocationAssetRetirementObligations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_NetPurchasePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_NetPurchasePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_ProvedOilAndGasProperties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_ProvedOilAndGasProperties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_TotalAssetsAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_TotalAssetsAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessCombinationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>60
<FILENAME>R22.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393929144592">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>16. Oil and Gas Reserve Data (Unaudited)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExtractiveIndustriesAbstract', window );"><strong>Extractive Industries [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock', window );">Oil and Gas Reserve Data (Unaudited)</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>16.
Oil and Gas Reserve Data (Unaudited)</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
estimates of the Company&#146;s proved oil and gas reserves, which are located entirely within the United States, were prepared
in accordance with the guidelines established by the SEC. The estimates as of March 31, 2015, 2014, and 2013 are based on evaluations
prepared by Joe C. Neal and Associates, Petroleum Consultants. Management emphasizes that reserve estimates are inherently imprecise
and are expected to change as new information becomes available and as economic conditions in the industry change.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Proved
reserves are estimated quantities of oil, natural gas, and natural gas liquids which geological and engineering data demonstrate
with reasonable certainty to be commercially recoverable in future years from known reservoirs under existing economic and operating
conditions.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Changes
in Proved Reserves</b>:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom"><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">Oil
    <br />&#160;(Bbls)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">Natural
    Gas <br />&#160; (Mcf)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Proved Developed and
    Undeveloped Reserves:</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="width: 56%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">As of April
    1, 2012</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">346,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">8,445,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Revision
    of previous estimates</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(10,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(589,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Purchase
    of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">48,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">71,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Extensions
    and discoveries</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">318,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Sales
    of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Production</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(23,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(401,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2013</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">366,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7,844,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Revision
    of previous estimates</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">12,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(1,404,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Purchase
    of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">50,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">18,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Extensions
    and discoveries</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">101,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">163,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Sales
    of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Production</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(27,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(362,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">502,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6,259,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Revision
    of previous estimates</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(90,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(665,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Purchase
    of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">43,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">795,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Extensions
    and discoveries</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">235,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">269,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Sales
    of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 10pt"><font style="font: 11pt Times New Roman, Times, Serif">Production</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(30,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(369,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2015</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">660,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6,289,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Proved
developed reserves are those expected to be recovered through existing wells, equipment and operating methods. Proved undeveloped
reserves ("PUD") are proved reserves are expected to be recovered from new wells on undrilled acreage or from existing wells where
a relatively major expenditure is required for recompletion. The downward revision of oil and natural gas is primarily the result
of SEC rules which require such reserves to be developed within five years and because of the participation in one unsuccessful
well. Reserves written off due to the five year limitation are in the El Cinco field which are on leases held by production and
are still in place to be developed in the future.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Summary
of Proved Developed and Undeveloped Reserves as of March 31, 2015, 2014 and 2013</b>:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">Oil
    <br />&#160;(Bbls)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; border-bottom: Black 1pt solid; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">Natural
    Gas <br />&#160; (Mcf)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Proved Developed Reserves:</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 56%; font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of April 1, 2012</font></td><td style="width: 8%; font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 12%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">194,620</font></td><td style="width: 1%; padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 8%; font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 12%; border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5,359,670</font></td><td style="width: 1%; padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2013</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">237,420</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,807,020</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2014</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">294,620</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,081,470</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2015</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">283,670</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,584,790</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Proved Undeveloped Reserves:</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of April 1, 2012</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">151,730</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,085,060</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2013</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">128,290</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,037,180</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2014</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">206,930</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,177,810</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">As
    of March 31, 2015</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">376,070</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,703,790</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">As
of March 31, 2015, 2014 and 2013 reserves were computed using the 12-month unweighted average of the first-day-of-the-month prices,
in accordance with current SEC rules.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">At
March 31, 2015, the Company reported estimated PUDs of 3.96 bcfe, which accounted for 39% of its total estimated proved oil and
gas reserves. This figure primarily consists of a projected 73 new wells (2.7 bcfe), 6 of which we operate, and 1 new zone behind
pipe from a currently producing wellbore (.4 bcfe) that the Company also operates. The Company&#146;s timetable for this well
is totally dependent on the life of the currently producing zone. After the current zone has depleted, the Company will open the
new productive zone. Of the 6 wells the Company operates (1.6 bcfe), 4 wells will be drilled on existing acreage in the Goldsmith
field where the Company currently operates 3 wells. The Company projects 5 operated wells will be drilled in fiscal 2016, with
the 1 remaining well in fiscal 2017. Regarding the remaining 67 PUD locations operated by others (1.1 bcfe), 12 wells are currently
being drilled and 2 locations are currently being prepared to drill with plans for 18 wells to follow in 2016, 27 wells in 2017,
7 wells in 2018 and 1 well in 2019.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
following table discloses the Company&#146;s progress toward the conversion of PUDs during fiscal 2015.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>Progress
of Converting Proved Undeveloped Reserves</b>:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif">
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-family: Times New Roman, Times, Serif; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-family: Times New Roman, Times, Serif; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">Oil
                                         &#38; Natural Gas (Mcfe)</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">Future
                                         Develepment Costs</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="width: 56%; font-family: Times New Roman, Times, Serif; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">PUDs,
    beginning of year</font></td><td style="width: 8%; font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 12%; font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,419,362</font></td><td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 8%; font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 12%; font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,620,320</font></td><td style="width: 1%; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-family: Times New Roman, Times, Serif; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Revision
    of previous estimates</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(943,113</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(441,475</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-family: Times New Roman, Times, Serif; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Conversions
    to PD reserves</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(214,890</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-family: Times New Roman, Times, Serif"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(643,429</font></td><td style="font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-family: Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Additional
    PUDs added</font></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,698,873</font></td><td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,081,986</font></td><td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-family: Times New Roman, Times, Serif; text-align: justify; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">PUDs,
    end of year</font></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,960,232</font></td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-family: Times New Roman, Times, Serif; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-family: Times New Roman, Times, Serif; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6,617,402</font></td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Estimated
future net cash flows represent an estimate of future net revenues from the production of proved reserves using average
prices for 2015, 2014 and 2013 along with estimates of the operating costs, production taxes and future development  costs
necessary to produce such reserves. No deduction has been made for depreciation, depletion or any indirect costs such as
general corporate overhead or interest expense.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Operating
costs and production taxes are estimated based on current costs with respect to producing oil and natural gas properties. Future
development costs including abandonment costs are based on the best estimate of such costs assuming current economic and operating
conditions. The future cash flows estimated to be spent to develop the Company&#146;s share of proved undeveloped properties through
March 31, 2020 are $6,617,402.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Income
tax expense is computed based on applying the appropriate statutory tax rate to the excess of future cash inflows less future
production and development costs over the current tax basis of the properties involved, less applicable carryforwards.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
future net revenue information assumes no escalation of costs or prices, except for oil and natural gas sales made under terms
of contracts which include fixed and determinable escalation. Future costs and prices could significantly vary from current amounts
and, accordingly, revisions in the future could be significant.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
current reporting rules require that year end reserve calculations and future cash inflows be based on the 12-month average market
prices for sales of oil and gas on the first calendar day of each month during the fiscal year discounted at 10% per year and
assuming continuation of existing economic conditions. The average prices used for fiscal 2015 were $74.84 per bbl of oil and
$3.595 per mcf of natural gas. The average prices used for fiscal 2014 were $94.23 per bbl of oil and $3.67 per mcf of natural
gas. The average prices used for fiscal 2013 were $85.53 per bbl of oil and $2.76 per mcf of natural gas.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
standardized measure of discounted future net cash flows were computed by applying 12-month average prices for oil and gas (with
consideration of price changes only to the extent provided by contractual arrangements in existence at year end) to the estimated
future production of proved oil and gas reserves, less estimated future expenditures (based on year end costs) to be incurred
in developing and producing the proved reserves, less estimated future income tax expenses (based on the year end statutory tax
rates with consideration of future tax rates already legislated) to be incurred on pretax net cash flows less tax basis of the
properties and available credits and assuming continuation of existing economic conditions. The estimated future net cash flows
are then discounted using a rate of 10%.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
basis for this table is the reserve studies prepared by an independent petroleum engineering consultant, which contain imprecise
estimates of quantities and rates of production of reserves. Revisions of previous year estimates can have a significant impact
on these results. Also, exploration costs in one year may lead to significant discoveries in later years and may significantly
change previous estimates of proved reserves and their valuation. Therefore, the standardized measure of discounted future net
cash flow is not necessarily indicative of the fair value of proved oil and gas properties.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
standardized measure of discounted future cash flows at March 31, 2015, 2014 and 2013, which represents the present value of estimated
future cash flows using a discount rate of 10% a year, follows:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Standardized
Measure of Discounted Future Net Cash Flows Relating to Proved Reserves:</font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="11" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">March
    31</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Future
    cash inflows</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">72,238,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">70,252,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">52,900,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Future production
    costs and taxes</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(19,569,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(20,647,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(14,893,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Future development
    costs</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(6,617,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(4,826,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(4,850,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Future
    income taxes</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(9,254,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(9,801,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(6,374,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Future net cash flows</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">36,798,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">34,978,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">26,783,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Annual
    10% discount for estimated timing of cash flows</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(17,860,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(15,649,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(12,414,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Standardized
    measure of discounted future net cash flows</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">18,938,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">19,329,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">14,369,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>



<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Changes
in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves:</font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="11" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">March
    31</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Sales
    of oil and gas produced, net of production costs</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(2,036,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(2,762,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(1,982,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Net changes in price
    and production costs</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(4,066,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,464,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(5,881,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Changes in previously
    estimated development costs</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,627,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">270,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,150,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Revisions of quantity
    estimates</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(3,718,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(657,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(811,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Net change due to
    purchases and sales of minerals in place</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,777,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,332,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,471,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Extensions and discoveries,
    less related costs</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,607,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,802,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">321,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Net change in income
    taxes</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">654,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(1,997,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,178,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Accretion of discount</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,474,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,779,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,495,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Changes
    in timing of estimated cash flows and other</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(3,710,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">729,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(3,928,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Changes in standardized
    measure</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(391,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4,960,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(4,987,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Standardized
    measure, beginning of year</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">19,329,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">14,369,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">19,356,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Standardized
    measure, end of year</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">18,938,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">19,329,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">14,369,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExtractiveIndustriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ExtractiveIndustriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61858-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61884-109447<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61831-109447<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61797-109447<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 7<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61869-109447<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61872-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>61
<FILENAME>R36.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393911537728">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>5. Credit Facility - Summary of activity on the Bank of America, N.A. line of credit (Details)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2015 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCredit', window );">Balance at April 1, 2014:</a></td>
<td class="nump">$ 2,425,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromLinesOfCredit', window );">Borrowings</a></td>
<td class="nump">3,675,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfLinesOfCredit', window );">Repayments</a></td>
<td class="num">(150,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCredit', window );">Balance at March 31, 2015:</a></td>
<td class="nump">$ 5,950,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCredit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.16)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.16)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19, 20, 22<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCredit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromLinesOfCredit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Financing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 14<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3255-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(f))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromLinesOfCredit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfLinesOfCredit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 15<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Financing Activities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(f))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RepaymentsOfLinesOfCredit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>62
<FILENAME>R24.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393919888832">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2. Summary of Significant Accounting Policies (Policies)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationPolicyTextBlock', window );">Principles of Consolidation</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif"><b>Principles
of Consolidation</b>. The consolidated financial statements include the accounts of Mexco Energy Corporation and its wholly owned
subsidiaries. All significant intercompany balances and transactions associated with the consolidated operations have been eliminated.</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UseOfEstimates', window );">Estimates and Assumptions</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Estimates and Assumptions</b>. In preparing
financial statements in conformity with accounting principles generally accepted in the United States of America, management is
required to make informed judgments, estimates and assumptions that affect the reported amounts of assets and liabilities as of
the date of the financial statements and affect the reported amounts of revenues and expenses during the reporting period. In addition,
significant estimates are used in determining year end proved oil and gas reserves. Although management believes its estimates
and assumptions are reasonable, actual results may differ materially from those estimates. The estimate of the Company&#146;s
oil and natural gas reserves, which is used to compute depreciation, depletion, amortization and impairment of oil and gas properties,
is the most significant of the estimates and assumptions that affect these reported results.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPolicyTextBlock', window );">Cash and Cash Equivalents</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Cash and Cash Equivalents</b>. The Company
considers all highly liquid debt instruments purchased with maturities of three months or less and money market funds to be cash
equivalents. The Company maintains cash in bank deposit accounts that may, at times, exceed federally insured limits. At March
31, 2015, the Company had the majority of its cash and cash equivalents with one financial institution. The Company has not experienced
any losses in such accounts and believes it is not exposed to any significant credit risk.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesPolicyTextBlock', window );">Accounts Receivable</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Accounts Receivable.</b> Accounts receivable
includes trade receivables from joint interest owners and oil and gas purchasers. Credit is extended based on an evaluation of
a customer's financial condition and, generally, is uncollateralized. Accounts receivable under joint operating agreements have
a right of offset against future oil and gas revenues if a producing well is completed. The collectability of receivables is assessed
and an allowance is made for any doubtful accounts. The allowance for doubtful accounts is determined based on the Company&#146;s
previous loss history. The Company has not experienced any significant credit losses. For the years ending March 31, 2015, 2014
and 2013, no allowance has been made for doubtful accounts.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IndustrySpecificPoliciesOilAndGasTextBlock', window );">Oil and Gas Properties</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Oil and Gas Properties</b>. Oil and
gas properties are accounted for using the full cost method of accounting. Under this method of accounting, the costs of unsuccessful,
as well as successful, acquisition, exploration and development activities are capitalized as property and equipment. This includes
any internal costs that are directly related to exploration and development activities but does not include any costs related to
production, general corporate overhead or similar activities. The carrying amount of oil and gas properties also includes estimated
asset retirement costs recorded based on the fair value of the asset retirement obligation (&#147;ARO&#148;) when incurred. Generally,
no gains or losses are recognized on the sale or disposition of oil and gas properties.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OilAndGasPropertiesPolicyPolicyTextBlock', window );">Excluded Costs</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Excluded Costs</b>. Oil and gas properties
include costs that are excluded from capitalized costs being amortized. These amounts represent investments in unproved properties
and major development projects. These costs are excluded until proved reserves are found or until it is determined that the costs
are impaired. All costs excluded are reviewed at least quarterly to determine if impairment has occurred. The amount of any impairment
is transferred to the capitalized costs being amortized (the depreciation, depletion and amortization (&#147;DD&#38;A&#148;)
pool). Impairments transferred to the DD&#38;A pool increase the DD&#38;A rate.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_CeilingTestPolicyPolicyTextBlock', window );">Ceiling Test</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Ceiling Test</b>. Under the full cost
method of accounting, a ceiling test is performed each quarter. The full cost ceiling test is an impairment test to determine a
limit, or ceiling, on the book value of oil and gas properties. That limit is basically the after tax present value of the future
net cash flows from proved crude oil and natural gas reserves and using an average price over the prior 12-month period held flat
for the life of production plus the lower of cost or fair market value of unproved properties. If net capitalized costs of crude
oil and natural gas properties exceed the ceiling limit, the Company must charge the amount of the excess to earnings as an expense
reflected in additional accumulated DD&#38;A. This is called a &#34;ceiling limitation write-down.&#34; This charge does not
impact cash flow from operating activities, but does reduce stockholders' equity and reported earnings.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock', window );">Depreciation, Depletion and Amortization</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Depreciation, Depletion and Amortization</b>.
The depreciable base for oil and gas properties includes the sum of capitalized costs, net of accumulated DD&#38;A, estimated future
development costs and asset retirement costs not accrued in oil and gas properties, less costs excluded from amortization and salvage.
The depreciable base of oil and gas properties is amortized using the unit-of-production method.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationsPolicy', window );">Asset Retirement Obligations</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Asset Retirement Obligations</b>. The
Company has significant obligations to plug and abandon natural gas and crude oil wells and related equipment at the end of oil
and gas production operations. The Company records the fair value of a liability for an ARO in the period in which it is incurred
and a corresponding increase in the carrying amount of the related asset. Subsequently, the asset retirement costs included in
the carrying amount of the related asset are allocated to expense using the units of production method. In addition, increases
in the discounted ARO liability resulting from the passage of time are reflected as accretion expense in the Consolidated Statement
of Operations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;&#160;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Estimating the future ARO requires management
to make estimates and judgments regarding timing and existence of a liability, as well as what constitutes adequate restoration.
The Company uses the present value of estimated cash flows related to the ARO to determine the fair value. Inherent in the present
value calculation are numerous assumptions and judgments including the ultimate costs, inflation factors, credit adjusted discount
rates, timing of settlement, and changes in the legal, regulatory, environmental and political environments. To the extent future
revisions to these assumptions impact the present value of the existing ARO liability, a corresponding adjustment is made to the
related asset.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxPolicyTextBlock', window );">Income Taxes</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Income Taxes</b>. The Company recognizes
deferred tax assets and liabilities for future tax consequences of temporary differences between the carrying amounts of assets
and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates applicable
to the years in which those differences are expected to be settled. The effect on deferred tax assets and liabilities of a change
in tax rates is recognized in net income in the period that includes the enactment date. Any interest and penalties are recorded
as interest expense and general and administrative expense, respectively.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock', window );">Other Property and Equipment</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Other Property and Equipment</b>. Provisions
for depreciation of office furniture and equipment are computed on the straight-line method based on estimated useful lives of
three to ten years.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativesPolicyTextBlock', window );">Derivatives</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivatives. </b>The Company is required
to recognize its derivative instruments on the consolidated balance sheets as assets or liabilities at fair value with such amounts
classified as current or long-term based on their anticipated settlement dates. The accounting for the changes in fair value of
a derivative depends on the intended use of the derivative and resulting designation. The Company has not designated its derivative
instruments as hedges for accounting purposes and, as a result, marks its derivative instruments to fair value and recognizes the
realized and unrealized change in fair value on derivative instruments in the consolidated statements of operations.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerSharePolicyTextBlock', window );">Income (Loss) Per Common Share</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>(Loss) Income Per Common Share</b>.
Basic net (loss) income per share is computed by dividing net (loss) income by the weighted average number of common shares outstanding
during the period. Diluted net (loss) income per share assumes the exercise of all stock options having exercise prices less than
the average market price of the common stock during the period using the treasury stock method and is computed by dividing net
(loss) income by the weighted average number of common shares and dilutive potential common shares (stock options) outstanding
during the period. In periods where losses are reported, the weighted-average number of common shares outstanding excludes potential
common shares, because their inclusion would be anti-dilutive.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueRecognitionPolicyTextBlock', window );">Revenue Recognition</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Revenue Recognition. </b>Oil and gas
sales and resulting receivables are recognized when the product is delivered to the purchaser and title has transferred. Sales
are to credit-worthy energy purchasers with payments generally received within 60 days of transportation from the well site. The
Company has historically had little, if any, uncollectible oil and gas receivables.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GasBalancingPolicyPolicyTextBlock', window );">Gas Balancing</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Gas Balancing</b>. Gas imbalances are
accounted for under the sales method whereby revenues are recognized based on production sold. A liability is recorded when excess
takes of natural gas volumes exceed estimated remaining recoverable reserves (over produced). No receivables are recorded for those
wells where the Company has taken less than its ownership share of gas production (under produced). The Company does not have any
significant gas imbalances.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy', window );">Stock-based Compensation</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Stock-based Compensation</b>. The Company
uses the Binomial option pricing model to estimate the fair value of stock based compensation expenses at grant date. This expense
is recognized as compensation expense in its financial statements over the vesting period. The Company recognizes the fair value
of stock-based compensation awards as wages in the Consolidated Statements of Operations based on a graded-vesting schedule over
the vesting period.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock', window );">Recent Accounting Pronouncements</a></td>
<td class="text"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Recent Accounting Pronouncements. </b>In
May 2014, the Financial Accounting Standards Board (&#147;FASB&#148;) issued Accounting Standards Update (&#147;ASU&#148;)
No. 2014-09, Topic 606: Revenue from Contracts with Customers. ASU No. 2014-09 is effective for Mexco as of April 1, 2017. Management
is evaluating the effect, if any this pronouncement will have on the Company&#146;s consolidated financial statements.</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_CeilingTestPolicyPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_CeilingTestPolicyPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationsPolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for determining amounts to accrue and charge against earnings so as to satisfy legal obligations associated with the retirement (through sale, abandonment, recycling, or disposal in some other manner) of a tangible long-lived asset that result from the acquisition, construction, or development and (or) the normal operation of a long-lived asset. This accounting policy disclosure excludes obligations arising 1) in connection with leased property, whether imposed by a lease agreement or by a party other than the lessor, that meet the definition of either minimum lease payments or contingent rentals; 2) solely from a plan to sell or otherwise dispose of a long-lived asset and 3) from certain environmental remediation liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationsPolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 305<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 05<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6375392&amp;loc=d3e26790-107797<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4273-108586<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash Equivalents<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Financial Reporting Release (FRR)<br><br><br><br> -Number 203<br><br><br><br> -Paragraph 02-03<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidationPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting.  The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=18733093&amp;loc=d3e5614-111684<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.3A-02)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355033-122828<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph k<br><br><br><br> -Article 1<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02, 03<br><br><br><br> -Article 3A<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidationPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for depreciation, depletion, and amortization of property and equipment costs, including methods used and estimated useful lives and how impairment of such assets is assessed and recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativesPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for its derivative instruments and hedging activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=d3e41620-113959<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(n))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5579240-113959<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1A<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5579245-113959<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 7<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=d3e41675-113959<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=d3e41638-113959<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativesPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerSharePolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3630-109257<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerSharePolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GasBalancingPolicyPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for gas-balancing arrangements using either the entitlements method or the sales method consistently for all significant gas imbalances.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=50486907&amp;loc=d3e512571-122862<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GasBalancingPolicyPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 19<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32840-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 05<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6423966&amp;loc=d3e40913-109327<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 954<br><br><br><br> -SubTopic 740<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6491622&amp;loc=d3e9504-115650<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 17<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32809-109319<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 25<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e32247-109318<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e32280-109318<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IndustrySpecificPoliciesOilAndGasTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for oil and gas entities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 05<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51676682&amp;loc=d3e59496-109438<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IndustrySpecificPoliciesOilAndGasTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OilAndGasPropertiesPolicyPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for oil and gas property which may include the basis of such assets, depreciation methods used and estimated useful lives, the entity's capitalization policy, including its accounting treatment for costs incurred for repairs and maintenance activities, whether such asset balances include capitalized interest and the method by which such is calculated, how disposals of such assets are accounted for and how impairment of such assets is assessed and recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OilAndGasPropertiesPolicyPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6378556&amp;loc=d3e10133-111534<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49124121&amp;loc=d3e4975-111524<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 3-5<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenueRecognitionPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18823-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18726-107790<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 605<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 13.B.Q1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012821&amp;loc=d3e214044-122780<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 13<br><br><br><br> -Section B<br><br><br><br> -Paragraph Question 1<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenueRecognitionPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655414&amp;loc=d3e18780-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (b),(f)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UseOfEstimates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51801978&amp;loc=d3e6061-108592<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51801978&amp;loc=d3e6143-108592<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51801978&amp;loc=d3e6132-108592<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UseOfEstimates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>63
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/**
 * Rivet Software Inc.
 *
 * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved.
 * Version 2.4.0.3
 *
 */

var Show = {};
Show.LastAR = null,

Show.hideAR = function(){
	Show.LastAR.style.display = 'none';
};

Show.showAR = function ( link, id, win ){
	if( Show.LastAR ){
		Show.hideAR();
	}

	var ref = link;
	do {
		ref = ref.nextSibling;
	} while (ref && ref.nodeName != 'TABLE');

	if (!ref || ref.nodeName != 'TABLE') {
		var tmp = win ?
			win.document.getElementById(id) :
			document.getElementById(id);

		if( tmp ){
			ref = tmp.cloneNode(true);
			ref.id = '';
			link.parentNode.appendChild(ref);
		}
	}

	if( ref ){
		ref.style.display = 'block';
		Show.LastAR = ref;
	}
};

Show.toggleNext = function( link ){
	var ref = link;

	do{
		ref = ref.nextSibling;
	}while( ref.nodeName != 'DIV' );

	if( ref.style &&
		ref.style.display &&
		ref.style.display == 'none' ){
		ref.style.display = 'block';

		if( link.textContent ){
			link.textContent = link.textContent.replace( '+', '-' );
		}else{
			link.innerText = link.innerText.replace( '+', '-' );
		}
	}else{
		ref.style.display = 'none';

		if( link.textContent ){
			link.textContent = link.textContent.replace( '-', '+' );
		}else{
			link.innerText = link.innerText.replace( '-', '+' );
		}
	}
};
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>64
<FILENAME>R7.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393924901648">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>1. Nature of Operations<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock', window );">Nature of Operations</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">1. Nature
of Operations</p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Mexco Energy
Corporation (a Colorado corporation) and its wholly owned subsidiaries, Forman Energy Corporation (a New York corporation), Southwest
Texas Disposal Corporation (a Texas corporation) and TBO Oil &#38; Gas, LLC (a Texas limited liability company) (collectively,
the &#147;Company&#148;) are engaged in the exploration, development and production of natural gas, crude oil, condensate and
natural gas liquids (&#147;NGLs&#148;). Most of the Company&#146;s oil and gas interests are centered in West Texas; however,
the Company owns producing properties and undeveloped acreage in thirteen states. Although most of the Company oil and gas interests
are operated by others, the Company operates several properties in which it owns an interest.</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the business description and basis of presentation concepts.  Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity.  Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>65
<FILENAME>R3.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393919537568">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares<br></strong></div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Stockholders' equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockParOrStatedValuePerShare', window );">Preferred stock par value</a></td>
<td class="nump">$ 1<span></span>
</td>
<td class="nump">$ 1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Preferred stock shares authorized</a></td>
<td class="nump">10,000,000<span></span>
</td>
<td class="nump">10,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Preferred stock shares issued</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesOutstanding', window );">Preferred stock shares outstanding</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock par value</a></td>
<td class="nump">$ 0.50<span></span>
</td>
<td class="nump">$ 0.50<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock shares authorized</a></td>
<td class="nump">40,000,000<span></span>
</td>
<td class="nump">40,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock shares issued</a></td>
<td class="nump">2,104,266<span></span>
</td>
<td class="nump">2,104,266<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common stock shares outstanding</a></td>
<td class="nump">2,037,266<span></span>
</td>
<td class="nump">2,038,266<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockShares', window );">Treasury stock, shares</a></td>
<td class="nump">67,000<span></span>
</td>
<td class="nump">66,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28,29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>66
<FILENAME>R17.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140394088118592">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>11. (Loss) Income Per Common Share<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>(Loss) income per common share:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareTextBlock', window );">11. (Loss) Income Per Common Share</a></td>
<td class="text"><p style="margin: 0pt"></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>11.
(Loss) Income Per Common Share</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Due
to a net loss for the year ended March 31, 2015, the weighted average number of common shares outstanding excludes common stock
equivalents because their inclusion would be anti-dilutive. For the year ended March 31, 2014, 35,000 options were excluded from
the diluted net income per share calculations because the options are anti-dilutive. Anti-dilutive stock options have a weighted
average exercise price of $5.98 at March 31, 2014. Due to a net loss for the year ended March 31, 2013, the weighted average number
of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
following is a reconciliation of the number of shares used in the calculation of basic income per share and diluted income per
share for the periods ended March 31:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Net
    (loss) income</font></td><td style="width: 5%; font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(340,986</font></td><td style="width: 1%; padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="width: 5%; font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">301,113</font></td><td style="width: 1%; padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(176,374</font></td><td style="width: 1%; padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Shares outstanding:</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Weighted avg. common
    shares outstanding &#150; basic</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,038,250</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,036,950</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,036,959</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Effect
    of the assumed exercise of dilutive stock options</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5,234</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Weighted
    avg. common shares outstanding &#150; dilutive</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,038,250</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,042,184</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,036,959</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">(Loss) income per common
    share:</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Basic</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(0.17</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">0.15</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(0.09</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Diluted</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(0.17</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">0.15</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(0.09</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><br style="line-height: 1.15" /></font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for earnings per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1278-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 52<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=32703322&amp;loc=d3e4984-109258<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>67
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393911684448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document and Entity Information - USD ($)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Jun. 23, 2015</div></th>
<th class="th"><div>Sep. 30, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_DocumentAndEntityInformationAbstract', window );"><strong>Document And Entity Information</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">MEXCO ENERGY CORPORATION<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000066418<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">10-K<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Mar. 31,  2015<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--03-31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Is Entity a Well-known Seasoned Issuer?</a></td>
<td class="text">No<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityVoluntaryFilers', window );">Is Entity a Voluntary Filer?</a></td>
<td class="text">No<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Is Entity's Reporting Status Current?</a></td>
<td class="text">Yes<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Smaller Reporting Company<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityPublicFloat', window );">Entity Public Float</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6,294,450<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,037,266<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">FY<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2014<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_DocumentAndEntityInformationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_DocumentAndEntityInformationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation 12B<br><br><br><br> -Number 240<br><br><br><br> -Section 12b<br><br><br><br> -Subsection 1<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityPublicFloat">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityPublicFloat</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation 12B<br><br><br><br> -Number 240<br><br><br><br> -Section 12b<br><br><br><br> -Subsection 1<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityVoluntaryFilers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>68
<FILENAME>R18.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140394044371280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12. Stockholders' Equity<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityAbstract', window );"><strong>Equity [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNoteDisclosureTextBlock', window );">Stockholders&#8217; Equity</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>12.
Stockholders&#146; Equity</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">In
June 2014, the Board of Directors authorized the use of up to $250,000 to repurchase shares of the Company&#146;s common stock
for the treasury account. During the fiscal year ended March 31, 2015, the Company repurchased 1,000 shares for the treasury at
an aggregate cost of $5,009. There were no shares of common stock repurchased for the treasury account during fiscal 2014. During
the fiscal year ended March 31, 2013, the Company repurchased 2,833 shares at an aggregate cost of $15,547.</font></p>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityNoteDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(d),(e))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21484-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SAB TOPIC 4.E)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21488-112644<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29-31)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 4<br><br><br><br> -Subparagraph (SAB TOPIC 4.C)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187143-122770<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21506-112644<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23285-112656<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21475-112644<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Preferred Stock<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6521494<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 11<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21564-112644<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section E<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section C<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityNoteDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>69
<FILENAME>R4.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393911571728">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNetAbstract', window );"><strong>Operating revenues:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OilAndGasSalesRevenue', window );">Oil and gas</a></td>
<td class="nump">$ 3,336,826<span></span>
</td>
<td class="nump">$ 3,994,295<span></span>
</td>
<td class="nump">$ 3,063,707<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherSalesRevenueNet', window );">Other</a></td>
<td class="nump">53,179<span></span>
</td>
<td class="nump">47,646<span></span>
</td>
<td class="nump">32,708<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Total operating revenues</a></td>
<td class="nump">3,390,005<span></span>
</td>
<td class="nump">4,041,941<span></span>
</td>
<td class="nump">3,096,415<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsAndExpensesAbstract', window );"><strong>Operating expenses:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSoldOilAndGas', window );">Production</a></td>
<td class="nump">1,300,820<span></span>
</td>
<td class="nump">1,231,814<span></span>
</td>
<td class="nump">1,082,043<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationAccretionExpense', window );">Accretion of asset retirement obligations</a></td>
<td class="nump">27,932<span></span>
</td>
<td class="nump">44,366<span></span>
</td>
<td class="nump">39,376<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationDepletionAndAmortization', window );">Depreciation, depletion, and amortization</a></td>
<td class="nump">1,362,862<span></span>
</td>
<td class="nump">1,151,482<span></span>
</td>
<td class="nump">1,100,425<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative</a></td>
<td class="nump">1,239,750<span></span>
</td>
<td class="nump">1,136,939<span></span>
</td>
<td class="nump">1,028,846<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsAndExpenses', window );">Total operating expenses</a></td>
<td class="nump">3,931,364<span></span>
</td>
<td class="nump">3,564,601<span></span>
</td>
<td class="nump">3,250,690<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating (loss) income</a></td>
<td class="num">(541,359)<span></span>
</td>
<td class="nump">477,340<span></span>
</td>
<td class="num">(154,275)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NonoperatingIncomeExpenseAbstract', window );"><strong>Other income (expenses):</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
<td class="nump">45<span></span>
</td>
<td class="nump">172<span></span>
</td>
<td class="nump">229<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="num">(99,240)<span></span>
</td>
<td class="num">(65,387)<span></span>
</td>
<td class="num">(53,832)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax', window );">Gain (loss) on derivative instruments</a></td>
<td class="nump">102,069<span></span>
</td>
<td class="num">(99,262)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NonoperatingIncomeExpense', window );">Net other income (expense)</a></td>
<td class="nump">2,874<span></span>
</td>
<td class="num">(164,477)<span></span>
</td>
<td class="num">(53,603)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">(Loss) earnings before provision for income taxes</a></td>
<td class="num">$ (538,485)<span></span>
</td>
<td class="nump">312,863<span></span>
</td>
<td class="num">$ (207,878)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract', window );"><strong>Income tax (benefit) expense:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentIncomeTaxExpenseBenefit', window );">Current</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred</a></td>
<td class="num">$ (197,499)<span></span>
</td>
<td class="nump">5,250<span></span>
</td>
<td class="num">$ (31,504)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">TOTAL</a></td>
<td class="num">(197,499)<span></span>
</td>
<td class="nump">11,750<span></span>
</td>
<td class="num">(31,504)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net (loss) income</a></td>
<td class="num">$ (340,986)<span></span>
</td>
<td class="nump">$ 301,113<span></span>
</td>
<td class="num">$ (176,374)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>(Loss) income per common share:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic</a></td>
<td class="num">$ (0.17)<span></span>
</td>
<td class="nump">$ 0.15<span></span>
</td>
<td class="num">$ (0.09)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted</a></td>
<td class="num">$ (0.17)<span></span>
</td>
<td class="nump">$ 0.15<span></span>
</td>
<td class="num">$ (0.09)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract', window );"><strong>Weighted average common shares outstanding:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic</a></td>
<td class="nump">2,038,250<span></span>
</td>
<td class="nump">2,036,950<span></span>
</td>
<td class="nump">2,036,950<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Diluted</a></td>
<td class="nump">2,038,250<span></span>
</td>
<td class="nump">2,042,184<span></span>
</td>
<td class="nump">2,036,959<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationAccretionExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)(3)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392676&amp;loc=d3e7480-110848<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationAccretionExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfGoodsSoldOilAndGas">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total costs related to oil and gas produced and sold during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.2(b))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostOfGoodsSoldOilAndGas</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsAndExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total costs of sales and operating expenses for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsAndExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsAndExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsAndExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Current Tax Expense (or Benefit)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509736<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 6.I.7)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 6<br><br><br><br> -Section I<br><br><br><br> -Subsection 7<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Deferred Tax Expense (or Benefit)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510177<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 6.I.7)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 6<br><br><br><br> -Section I<br><br><br><br> -Subsection 7<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationDepletionAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationDepletionAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 52<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=32703322&amp;loc=d3e4984-109258<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-04.23)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 7<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDerivativeInstrumentsNetPretax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4A<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5618551-113959<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnDerivativeInstrumentsNetPretax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -Subparagraph (a),(b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Income Tax Expense (or Benefit)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 835<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-04.9)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.7(b))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Net Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51831255<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Other Comprehensive Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51831270<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NonoperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.7)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NonoperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NonoperatingIncomeExpenseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NonoperatingIncomeExpenseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OilAndGasSalesRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenue from the sale of oil and gas during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62246-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 23<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62136-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OilAndGasSalesRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherSalesRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.1(a),(d))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherSalesRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SalesRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SalesRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SalesRevenueNetAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SalesRevenueNetAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 16<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1505-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1448-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Weighted-Average Number of Common Shares Outstanding<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528421<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>70
<FILENAME>R12.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140394047932528">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>6. Asset Retirement Obligations<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationDisclosureAbstract', window );"><strong>Asset Retirement Obligation Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationDisclosureTextBlock', window );">Asset Retirement Obligations</a></td>
<td class="text"><p style="margin: 0pt"></p>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>6.
Asset Retirement Obligations</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>



<p style="margin: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
Company&#146;s asset retirement obligations relate to the plugging of wells, the removal of facilities and equipment, and site
restoration on oil and gas properties. The fair value of a liability for an ARO is recorded in the period in which it is incurred,
discounted to its present value using the credit adjusted risk-free interest rate, and a corresponding amount capitalized by increasing
the carrying amount of the related long-lived asset. The liability is accreted each period, and the capitalized cost is depreciated
over the useful life of the related asset. The ARO is included on the consolidated balance sheets with the current portion being
included in the accounts payable and accrued expenses.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
following table provides a rollforward of the asset retirement obligations for fiscal years ended March 31:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 50%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Carrying
    amount of asset retirement obligations as of April 1</font></td><td style="width: 9%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 14%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">961,577</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 9%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 14%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">813,412</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Liabilities incurred</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">274,148</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">134,113</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Liabilities settled</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(23,441</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(30,314</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Accretion
    expense</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">27,932</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">44,366</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Carrying amount of asset
    retirement obligations as of March 31</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,240,216</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">961,577</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Less:
    Current portion</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">10,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">35,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Non-Current
    asset retirement obligation</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,230,216</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">926,577</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><br style="line-height: 1.15" /></font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7569-110849<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>71
<FILENAME>R11.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393928742176">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>5. Credit Facility<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtAndCapitalLeasesDisclosuresTextBlock', window );">Credit Facility</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>5.
Credit Facility</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
Company has a revolving credit agreement with Bank of America, N.A. (the &#147;Agreement&#148;), which provides for a credit facility
of $6,300,000 with no monthly commitment reductions and a borrowing base evaluated annually, currently set at $6,300,000. Amounts
borrowed under the Agreement are collateralized by the common stock of the Company&#146;s wholly owned subsidiaries and substantially
all of the Company&#146;s oil and gas properties.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
Agreement was renewed nine times with the ninth amendment on February 13, 2015, which revised the maturity date to November 30,
2020. Under the original and renewed agreements, interest on the facility accrues at an annual rate equal to the British Bankers
Association London Interbank Offered Rate ("BBA LIBOR") daily floating rate, plus 2.50 percentage points, which was 2.68% on March
31, 2015. Interest on the outstanding amount under the credit agreement is payable monthly. In addition, the Company will pay
an unused commitment fee in an amount equal to &#189; of 1 percent (.5%) times the daily average of the unadvanced amount of the
commitment. The unused commitment fee is payable quarterly in arrears on the last day of each calendar quarter and is included
in the consolidated statements of operations under the caption &#147;General and administrative&#148; expenses. Availability of
this line of credit at March 31, 2015 was $300,000. No principal payments are anticipated to be required through November 30,
2020.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
Agreement contains customary covenants for credit facilities of this type including limitations on disposition of assets, mergers
and reorganizations. The Company is also obligated to meet certain financial covenants under the Agreement. The Company is in
compliance with all covenants as of March 31, 2015. In addition, this Agreement prohibits the Company from paying cash dividends
on its common stock. The Agreement does grant the Company permission to enter into hedge agreements; however, it is under no obligation
to do so.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
amended Agreement allows for up to $500,000 of the facility to be used for outstanding letters of credits. As of March 31, 2015,
one letter of credit for $50,000, in lieu of a plugging bond with the Texas Railroad Commission (&#147;TRRC&#148;) covering the
properties the Company operates is outstanding under the facility. This letter of credit renews annually. The Company will pay
a fee in an amount equal to 1 percent (1.0%) per annum of the outstanding undrawn amount of each standby letter of credit, payable
monthly in arrears, on the basis of the face amount outstanding on the day the fee is calculated.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
balance outstanding on the line of credit as of March 31, 2015 was $5,950,000 and as of June 23, 2015 was $6,100,000. The following
table is a summary of activity on the Bank of America, N.A. line of credit for the year ended March 31, 2015:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 11pt">
<tr>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td colspan="2" style="vertical-align: top; border-bottom: rgb(0, 0, 0) 2px solid; font-size: 11pt; text-align: center">Principal</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="width: 86%; vertical-align: top; font-size: 11pt; text-align: left">Balance at April 1, 2014:</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 11%; text-align: right; vertical-align: bottom; font-size: 11pt">2,425,000</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(255, 255, 255)">
    <td style="padding-left: 9pt; vertical-align: top; font-size: 11pt; text-align: left">Borrowings</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">3,675,000</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="padding-bottom: 2px; padding-left: 9pt; vertical-align: top; font-size: 11pt; text-align: left">Repayments</td>
    <td style="padding-bottom: 2px; vertical-align: bottom">&#160;</td>
    <td style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: right; vertical-align: bottom; font-size: 11pt">(150,000</td>
    <td nowrap="nowrap" style="text-align: left; padding-bottom: 2px; vertical-align: bottom; font-size: 11pt">)</td></tr>
<tr style="background-color: rgb(255, 255, 255)">
    <td style="padding-bottom: 4px; vertical-align: top; font-size: 11pt; text-align: left">Balance at March 31, 2015:</td>
    <td style="padding-bottom: 4px; vertical-align: bottom">&#160;</td>
    <td style="border-bottom: rgb(0, 0, 0) 4px double; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="border-bottom: rgb(0, 0, 0) 4px double; text-align: right; vertical-align: bottom; font-size: 11pt">5,950,000</td>
    <td nowrap="nowrap" style="text-align: left; padding-bottom: 4px; vertical-align: bottom">&#160;</td></tr>
</table>
<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtAndCapitalLeasesDisclosuresTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for debt and capital lease obligations can be reported. Information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Also includes descriptions and amounts of capital leasing arrangements that consist of direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtAndCapitalLeasesDisclosuresTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>72
<FILENAME>R23.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393911190096">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>17. Selected Quarterly Financial Data (Unaudited)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_QuarterlyFinancialInformationDisclosureAbstract', window );"><strong>Quarterly Financial Information Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_QuarterlyFinancialInformationTextBlock', window );">Selected Quarterly Financial Data (Unaudited)</a></td>
<td class="text"><p style="margin: 0pt"></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>17.
Selected Quarterly Financial Data (Unaudited)</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 11pt">
<tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td>&#160;</td>
    <td colspan="14" style="border-bottom: rgb(0, 0, 0) 2px solid; font-size: 11pt; text-align: center">FISCAL 2015</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">4<font style="font-size: smaller; vertical-align: text-top; line-height: 1">th</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">3<font style="font-size: smaller; vertical-align: text-top; line-height: 1">rd</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">2<font style="font-size: smaller; vertical-align: text-top; line-height: 1">nd</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">1<font style="font-size: smaller; vertical-align: text-top; line-height: 1">st</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="width: 40%; vertical-align: top; font-size: 11pt; text-align: left">Oil and gas revenue</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">551,894</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">790,335</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">987,942</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">1,006,655</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(255, 255, 255)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Operating (loss) profit</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(412,332</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(240,224</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">60,128</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">51,069</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Net (loss) income</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(270,975</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(175,321</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">86,256</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">19,054</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(255, 255, 255)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Net (loss) income per share &#150; basic</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(0.13</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(0.09</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.04</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.01</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Net (loss) income per share &#150; diluted</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(0.13</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(0.09</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.04</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.01</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
</table>
<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 11pt">
<tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td>&#160;</td>
    <td colspan="14" style="border-bottom: rgb(0, 0, 0) 2px solid; font-size: 11pt; text-align: center">FISCAL 2014</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">4<font style="font-size: smaller; vertical-align: text-top; line-height: 1">th</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">3<font style="font-size: smaller; vertical-align: text-top; line-height: 1">rd</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">2<font style="font-size: smaller; vertical-align: text-top; line-height: 1">nd</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">1<font style="font-size: smaller; vertical-align: text-top; line-height: 1">st</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="width: 40%; vertical-align: top; font-size: 11pt; text-align: left">Oil and gas revenue</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">953,291</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">948,633</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">1,108,102</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">984,269</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(255, 255, 255)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Operating profit</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">88,425</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">106,078</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">212,368</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">70,469</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Net income</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">2,272</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">88,659</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">194,051</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">16,131</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(255, 255, 255)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Net income per share &#150; basic</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.00</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.04</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.10</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.01</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Net income per share &#150; diluted</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.00</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.04</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.10</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.01</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
</table>


<p style="margin: 0pt"></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_QuarterlyFinancialInformationDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_QuarterlyFinancialInformationDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_QuarterlyFinancialInformationTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the quarterly financial data in the annual financial statements.  The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 270<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655806&amp;loc=d3e765-108305<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 270<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)-(j)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51825399&amp;loc=d3e1280-108306<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 270<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 12<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51655806&amp;loc=d3e725-108305<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 6<br><br><br><br> -Section G<br><br><br><br> -Subsection 1<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-K (SK)<br><br><br><br> -Number 229<br><br><br><br> -Section 302<br><br><br><br> -Paragraph a<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_QuarterlyFinancialInformationTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>73
<FILENAME>R19.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393928760096">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13. Stock Options<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock', window );">Stock Options</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>13.
Stock Options</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">In
September 2009, the Company adopted the 2009 Employee Incentive Stock Plan (the &#147;2009 Plan&#148;). The 2009 Plan provides
for the award of stock options up to 200,000 shares and includes option awards as well as stock awards. Option awards are granted
with the restriction of requiring payment for the shares. Stock awards are granted without restrictions and without payment by
the recipient. Neither option awards nor stock awards may exceed 25,000 shares granted to any one individual in any fiscal year.
Stock options may be an incentive stock option or a nonqualified stock option. Options to purchase common stock under the plan
are granted at the fair market value of the common stock at the date of grant, become exercisable to the extent of 25% of the
shares optioned on each of four anniversaries of the date of grant, expire ten years from the date of grant and are subject to
forfeiture if employment terminates. The 2009 Plan expires ten years from the date of adoption.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">According
to the Company&#146;s employee stock incentive plan, new shares will be issued upon the exercise of stock options and the Company
can repurchase shares exercised under the plan. The plan also provides for the granting of stock awards. No stock awards were
granted during fiscal 2015, 2014 and 2013.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
Company recognized compensation expense of $153,386, $152,448 and $138,303 in general and administrative expense in the Consolidated
Statements of Operations for fiscal 2015, 2014 and 2013, respectively. The total cost related to non-vested awards not yet recognized
at March 31, 2015 totals $195,606, which is expected to be recognized over a weighted average of 2.6 years.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
fair value of each stock option is estimated on the date of grant using the Binomial valuation model. Expected volatilities are
based on historical volatility of the Company&#146;s stock over the contractual term of 120 months and other factors. The Company
uses historical data to estimate option exercise and employee termination within the valuation model. The expected term of options
granted is derived from the output of the option valuation model and represents the period of time that options granted are expected
to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield
curve in effect at the time of grant. As the Company has never declared dividends, no dividend yield is used in the calculation.
Actual value realized, if any, is dependent on the future performance of the Company&#146;s common stock and overall stock market
conditions. There is no assurance the value realized by an optionee will be at or near the value estimated by the Binomial model.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">During
the year ended March 31, 2015, the Compensation Committee of the Board of Directors approved and the Company granted 40,000 stock
options to officers and employees of the Company exercisable at $7.00 per share. During the year ended March 31, 2014, the Compensation
Committee of the Board of Directors approved and the Company granted 35,000 stock options to officers and employees of the Company
exercisable at $5.98 per share. During the year ended March 31, 2013, no stock options were granted. These options are exercisable
at a price not less than the fair market value of the stock at the date of grant, have an exercise period of ten years and generally
vest over four years.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Included
in the following table is a summary of the grant-date fair value of stock options granted and the related assumptions used in
the Binomial models for stock options granted in fiscal 2015, 2014 and 2013. All such amounts represent the weighted average amounts
for each period.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="11" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">For
    the year ended March 31,</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Grant-date
    fair value</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5.59</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4.75</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Volatility factor</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">76.23</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">77.01</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Dividend yield</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Risk-free interest
    rate</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2.52</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1.74</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Expected term (in
    years)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">10</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">No
forfeiture rate is assumed for stock options granted to directors or employees due to the forfeiture rate history for these types
of awards. There were no stock options forfeited or expired during the years ended March 31, 2015, 2014 and 2013.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
following table is a summary of activity of stock options for the year ended March 31, 2015, 2014 and 2013:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Number
    <br />&#160;of Shares</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Weighted
    Average Exercise Price <br />Per Share</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Weighted
    Aggregate Average Remaining Contract Life in Years</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">Intrinsic <br />Value</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 40%; font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Outstanding
    at April 1, 2012</font></td><td style="width: 3%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 10%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">83,750</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 3%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 10%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.42</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 3%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 10%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">8.65</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 3%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 10%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">127,363</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Granted</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Exercised</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(3,750</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4.35</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Forfeited
    or Expired</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Outstanding at March
    31, 2013</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">80,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.52</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">8.03</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Granted</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">35,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5.98</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Exercised</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(1,400</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.29</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Forfeited
    or Expired</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Outstanding at March
    31, 2014</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">113,600</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.35</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7.66</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">154,062</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Granted</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">40,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7.00</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Exercised</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Forfeited
    or Expired</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Outstanding
    at March 31, 2015</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">153,600</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.52</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7.36</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Vested at March 31,
    2015</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">77,350</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.42</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.19</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Exercisable at March
    31, 2015</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">77,350</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.42</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.19</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Other
information pertaining to option activity was as follows during the year ended March 31:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Weighted
    average grant-date fair value of stock options granted (per share)</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5.59</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4.75</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Total fair value of options
    vested</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">150,063</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">108,500</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">108,500</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Total intrinsic value
    of options exercised</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6,244</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,138</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
following table summarizes information about options outstanding at March 31, 2015:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td colspan="7" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Range
    of Exercise Prices</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Number
    of <br />Options</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Weighted
    Average Exercise Price <br />Per Share</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Weighted
    Average <br />Remaining Contract <br />Life in Years</font></td><td style="padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">Aggregate
    &#160; <br />Intrinsic&#160; <br />Value</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 2%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 1%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 2%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 24%; font-size: 11pt; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">5.98
                                         &#150; 6.25</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 2%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 13%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">45,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 2%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 13%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.00</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 2%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 13%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 2%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 13%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">6.26
                                         &#150; 6.50</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">28,600</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.29</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">6.51
                                         &#150; 6.80</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">40,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.80</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">6.81
                                         &#150; 7.00</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">40,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7.00</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif">5.98
                                         &#150; 7.00</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">153,600</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6.52</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">7.36</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Outstanding
options at March 31, 2015 expire between August 2020 and August 2024 and have exercise prices ranging from $5.98 to $7.00.</font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 40<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6418621&amp;loc=d3e17540-113929<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 50<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51659978&amp;loc=d3e25284-112666<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5444-113901<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 14<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>74
<FILENAME>R15.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393928797424">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>9. Major Customers<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RisksAndUncertaintiesAbstract', window );"><strong>Risks and Uncertainties [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConcentrationRiskDisclosureTextBlock', window );">Major Customers</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>9.
Major Customers</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Currently,
the Company operates exclusively within the United States and its revenues and operating profit are derived from the oil and gas
industry. Oil and gas production is sold to various purchasers and the receivables are unsecured. Historically, the Company has
not experienced significant credit losses on its oil and gas accounts and management is of the opinion that significant credit
risk does not exist. Management is of the opinion that the loss of any one purchaser would not have an adverse effect on the Company&#146;s
ability to sell its oil and gas production.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">In
fiscal 2015, one customer accounted for 17% of the total oil and gas revenues and 19% of the total oil and gas accounts receivable.
In fiscal 2014, one customer accounted for 22% of the total oil and gas revenues and 25% of the total oil and gas accounts receivable.
In fiscal 2013, one customer accounted for 26% of the total oil and gas revenues and 24% of the total oil and gas accounts receivable.</font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConcentrationRiskDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 16<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51801978&amp;loc=d3e6327-108592<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 20<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13531-108611<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 20<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51801978&amp;loc=d3e6404-108592<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 21<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51801978&amp;loc=d3e6442-108592<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 275<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 18<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51801978&amp;loc=d3e6351-108592<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 825<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 21<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=49121117&amp;loc=d3e13537-108611<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConcentrationRiskDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RisksAndUncertaintiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RisksAndUncertaintiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>75
<FILENAME>R60.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393928799664">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>16. Oil and Gas Reserve Data - Progress of Converting Proved Undeveloped Reserves: (Details)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2015 </div>
<div>USD ($) </div>
<div>bbl </div>
<div>Mcf</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExtractiveIndustriesAbstract', window );"><strong>Extractive Industries [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedUndevelopedReserveVolume', window );">PUDs, beginning of year | bbl</a></td>
<td class="nump">3,419,362<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease', window );">Revision of previous estimates | Mcf</a></td>
<td class="num">(943,113)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_ConversionsToPdReserves', window );">Conversions to PD reserves | Mcf</a></td>
<td class="num">(214,890)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_AdditionalPudsAdded', window );">Additional PUDs added | Mcf</a></td>
<td class="nump">1,698,873<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedUndevelopedReserveVolume', window );">PUDs, end of year | bbl</a></td>
<td class="nump">3,960,232<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_PudsBeginningOfYearFutureDevelopmentCosts', window );">PUDs, beginning of year, Future Development Costs</a></td>
<td class="nump">$ 4,620,320<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_RevisionOfPreviousEstimatesFutureDevelopmentCosts', window );">Revision of previous estimates, Future Development Costs</a></td>
<td class="num">(441,475)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_ConversionsToPdReservesFutureDevelopmentCosts', window );">Conversions to PD reserves, Future Development Costs</a></td>
<td class="num">(643,429)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_AdditionalPudsAddedFutureDevelopmentCosts', window );">Additional PUDs added, Future Development Costs</a></td>
<td class="nump">3,081,986<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_PudsBeginningOfYearFutureDevelopmentCosts', window );">PUDs, end of year, Future Development Costs</a></td>
<td class="nump">$ 6,617,402<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_AdditionalPudsAdded">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_AdditionalPudsAdded</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:volumeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_AdditionalPudsAddedFutureDevelopmentCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_AdditionalPudsAddedFutureDevelopmentCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_ConversionsToPdReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_ConversionsToPdReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:volumeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_ConversionsToPdReservesFutureDevelopmentCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_ConversionsToPdReservesFutureDevelopmentCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_PudsBeginningOfYearFutureDevelopmentCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_PudsBeginningOfYearFutureDevelopmentCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_RevisionOfPreviousEstimatesFutureDevelopmentCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_RevisionOfPreviousEstimatesFutureDevelopmentCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExtractiveIndustriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ExtractiveIndustriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revisions represent changes in previous estimates of proved reserves, either upward or downward, resulting from new information (except for an increase in proved acreage) normally obtained from development drilling and production history or resulting from change in economic factors.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61831-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:volumeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvedUndevelopedReserveVolume">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net quantities of an enterprise's interests in proved undeveloped reserves of either crude oil (including condensate and natural gas liquids), natural gas, synthetic oil and gas, or other renewable natural resource that is intended to be upgraded into synthetic oil and gas as of the beginning and the end of the year. "Net" quantities of reserves include those relating to the enterprise's operating and nonoperating interests in properties. Quantities of reserves relating to royalty interests owned are included in "net" quantities if the necessary information is available to the enterprise. "Net" quantities does not include reserves relating to interests of others in properties owned by the enterprise. The unit of measure for reserve quantities is defined as "barrels" for oil and synthetic oil reserves or "cubic feet" or "cubic meters" for natural gas and synthetic gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61884-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61797-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvedUndevelopedReserveVolume</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:volumeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>76
<FILENAME>R13.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393928797424">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>7. Income Taxes<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureTextBlock', window );">Income Taxes</a></td>
<td class="text"><p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>7.
Income Taxes</b></font></p>

<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The Company files a consolidated
federal income tax return and various state income tax returns. The amount of income taxes we record requires the interpretation
of complex rules and regulations of federal and state taxing jurisdictions. With few exceptions, the Company is no longer subject
to U.S. federal and state income tax examinations by tax authorities for years prior to 2012. In January 2014, the Company was
notified by the Internal Revenue Service that it had been selected at random for a compliance research examination of fiscal year
ending March 31, 2012. The Company has been informally advised by an employee of the Internal Revenue Service that the audit resulted
in no change to the Company&#146;s federal income tax return.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Significant
components of net deferred tax assets (liabilities) at March 31 are as follows:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Deferred tax assets:</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="width: 56%; font-size: 11pt; text-align: left; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Percentage
    depletion carryforwards</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,535,126</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,463,834</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Deferred
    stock-based compensation</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">36,958</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">29,475</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Asset
    retirement obligation</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">384,467</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">298,089</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Net
    operating loss</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">720,308</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">298,736</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Derivative
    instruments</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">13,944</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Other</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">11,111</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">9,673</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,687,970</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,113,751</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Deferred tax liabilities:</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Excess
    financial accounting bases over tax bases of&#160; &#160; property and equipment</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(3,348,840</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(2,972,200</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Net
    deferred tax liabilities</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(660,870</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(858,449</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">As
of March 31, 2015, the Company has a statutory depletion carryforward of approximately $4,950,000, which does not expire. At March
31, 2015, the Company had a net operating loss carryforward for regular income tax reporting purposes of approximately $4,500,000,
which will begin expiring in 2029. The Company&#146;s ability to use some of its net operating loss carryforwards and certain
other tax attributes to reduce current and future U.S. federal taxable income is subject to limitations under the Internal Revenue
Code.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
income tax provision consists of the following for years ended March 31, 2015, 2014 and 2013:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Current income
    tax expense</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">6,500</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Deferred
    income tax (benefit) expense</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(197,499</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;)</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5,250</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(31,504</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    income tax provision:</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right">(<font style="font: 11pt Times New Roman, Times, Serif">197,499</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;)</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">11,750</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(31,504</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Effective tax rate</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(37</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(15</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%)</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The current
income tax expense for fiscal year 2014 is the Company&#146;s anticipated alternative minimum tax that cannot offset with its
alternative minimum tax net operating loss.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">A
reconciliation of the provision for income taxes to income taxes computed using the federal statutory rate for years ended March
31 follows:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Tax expense
    at federal statutory rate (1)</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(183,085</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">106,374</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(70,678</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Statutory depletion carryforward</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(71,292</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(127,204</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Effect of graduated rates</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">12,221</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(13,841</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,391</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Permanent differences</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">44,576</font></td><td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">46,421</font></td><td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">35,783</font></td><td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    income tax (benefit) expense</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(197,499</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">11,750</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(31,504</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Effective
    income tax rate</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(37</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%)</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">4</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(15</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">%)</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">(1)
The federal statutory rate was 34% for fiscal years ending March 31, 2015, 2014 and 2013.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">For
the years ended March 31, 2015, 2014 and 2013, the Company did not have any uncertain tax positions.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">A
reconciliation of the beginning and ending balances of unrecognized tax benefits is as follows:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Unrecognized
    tax benefits at beginning of period</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">679,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">677,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">677,000</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Additions based on tax
    positions related to the current year</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,000</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Changes to tax positions
    of prior years</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Settlements</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Expirations</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Unrecognized
    tax benefits at end of period</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">679,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">679,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">677,000</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">While
the amount of unrecognized tax benefits may change in the next 12 months, the Company does not expect any change to have a significant
impact on its results of operations. The recognition of the total amount of the unrecognized tax benefits would have an impact
on the effective tax rate. If these unrecognized tax benefits are disallowed, the Company will be required to pay additional taxes.</font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32718-109319<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>77
<FILENAME>R14.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393921927088">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8. Derivatives<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_DerivativesAbstract', window );"><strong>Derivatives</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock', window );">Derivatives</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>8.
Derivatives</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">All
derivative financial instruments are recorded at fair value. The Company has not designated its derivative instruments as hedges
for accounting purposes and, as a result, marks its derivative instruments to fair value and recognizes the realized and unrealized
changes in fair value in the consolidated statements of operations under the caption &#147;Gain (loss) on derivative instruments.&#148;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
Company uses price swap contracts to reduce price volatility associated with certain of its oil sales. With respect to the Company&#146;s
fixed price swap contracts, the counterparty is required to make a payment to the Company if the settlement price for any settlement
period is less than the swap price, and the Company is required to make a payment to the counterparty if the settlement price
for any settlement period is greater than the swap price. The Company&#146;s derivative contracts are based upon reported settlement
prices on commodity exchanges, with crude oil derivative settlements based on New York Mercantile Exchange West Texas Intermediate
(&#147;NYMEX WTI&#148;) pricing. The counterparty to the Company&#146;s derivative contract is Merrill Lynch Commodities, Inc.,
which the Company believes is an acceptable credit risk.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
fair value of swaps is generally determined using established index prices and other sources which are based upon, among other
things, futures prices and time to maturity.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">As
of March 31, 2015 the Company does not have any open crude oil derivative positions with respect to future production.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
net fair value of the Company&#146;s derivative assets and liabilities and their locations on the consolidated balance sheet are
as follows for the years ended March 31:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Current assets: Derivative
    instruments</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Noncurrent
    assets: Derivative instruments</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    assets</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="width: 56%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Current liabilities:
    Derivative instruments</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">44,981</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Noncurrent
    liabilities: Derivative instruments</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    liabilities</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">44,981</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>




<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">None
of the Company&#146;s derivatives have been designated as hedges. As such, all changes in fair value are immediately recognized
in earnings. The following summarizes the loss on derivative instruments included in the consolidated statements of operations
for the year ended March 31, 2015 and 2014:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 56%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Unrealized
    loss on open non-hedge derivative instruments</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 8%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 12%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(44,981</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Gain
    (loss) on settlement of non-hedge derivative instruments</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">102,069</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(54,281</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    gain (loss) on derivative instruments</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">102,069</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(99,262</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><br style="line-height: 1.15" /></font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_DerivativesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_DerivativesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6441202&amp;loc=d3e80720-113993<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4C<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5624171-113959<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=d3e41620-113959<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4B<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5624163-113959<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5579240-113959<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4D<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5624177-113959<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736893&amp;loc=d3e80784-113994<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=d3e41641-113959<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1A<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5579245-113959<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4H<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5624258-113959<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=35736893&amp;loc=d3e80748-113994<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4K<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5708775-113959<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4J<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5708773-113959<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4A<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5618551-113959<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1B<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5580258-113959<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4E<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=SL5624181-113959<br><br><br><br>Reference 17: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 25<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6886632&amp;loc=d3e76258-113986<br><br><br><br>Reference 18: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 815<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56946850&amp;loc=d3e41638-113959<br><br><br><br>Reference 19: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(n))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>78
<FILENAME>R16.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393928797424">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>10. Oil and Gas Costs<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExtractiveIndustriesAbstract', window );"><strong>Extractive Industries [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock', window );">Oil and Gas Costs</a></td>
<td class="text"><p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>10.
Oil and Gas Costs</b></font></p>

<p style="margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="margin-top: 0pt; margin-bottom: 0pt">The costs related to the Company&#146;s oil and gas activities were incurred as
follows for the year ended March 31:</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Property acquisition
    costs:</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="width: 46%; font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Proved</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">3,108,040</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">785,144</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">20,542</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Unproved</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Exploration</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">15,472</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">9,641</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">15,715</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Development</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,746,582</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,152,986</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,265,126</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Capitalized
    asset retirement obligations</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">274,148</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">134,113</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">114,003</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 2.5pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">Total
    costs incurred for oil and gas properties</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">5,144,242</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">2,081,884</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,415,386</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
Company had the following aggregate capitalized costs relating to its oil and gas property activities at March 31:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2013</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 46%; font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Proved
    oil and gas properties</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">40,489,453</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">35,386,751</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 5%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 11%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">34,138,841</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify"><font style="font: 11pt Times New Roman, Times, Serif">Unproved oil and gas
    properties:</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: justify; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">subject
    to amortization</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">73,990</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">73,990</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">170,487</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt; padding-left: 9pt"><font style="font: 11pt Times New Roman, Times, Serif">not
    subject to amortization</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">&#151;&#160;&#160;</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">40,563,443</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">35,460,741</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">34,309,328</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: justify; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Less
    accumulated DD&#38;A</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">19,752,994</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">18,395,619</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">17,249,803</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">20,810,449</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">17,065,122</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">17,059,525</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">DD&#38;A
amounted to $2.48, $2.18 and $2.03 per mcfe of production for the years ended March 31, 2015, 2014 and 2013, respectively.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the aggregate of costs (whether the costs are capitalized or charged to expense at the time they are incurred ) incurred for the year in oil and gas property acquisition, exploration and development activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=34713648&amp;loc=d3e63042-109448<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 20<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62059-109447<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 19<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62038-109447<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 18<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62014-109447<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (c)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExtractiveIndustriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ExtractiveIndustriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>79
<FILENAME>R64.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393923018512">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>17. Selected Quarterly Financial Data (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="8">3 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
<th class="th"><div>Sep. 30, 2014</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Dec. 31, 2013</div></th>
<th class="th"><div>Sep. 30, 2013</div></th>
<th class="th"><div>Jun. 30, 2013</div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_SelectedQuarterlyFinancialDataAbstract', window );"><strong>Selected Quarterly Financial Data Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OilAndGasRevenue', window );">Oil and gas revenue</a></td>
<td class="nump">$ 551,894<span></span>
</td>
<td class="nump">$ 790,335<span></span>
</td>
<td class="nump">$ 987,942<span></span>
</td>
<td class="nump">$ 1,006,655<span></span>
</td>
<td class="nump">$ 953,291<span></span>
</td>
<td class="nump">$ 948,633<span></span>
</td>
<td class="nump">$ 1,108,102<span></span>
</td>
<td class="nump">$ 984,269<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating profit</a></td>
<td class="num">(412,332)<span></span>
</td>
<td class="num">(240,224)<span></span>
</td>
<td class="nump">60,128<span></span>
</td>
<td class="nump">51,069<span></span>
</td>
<td class="nump">88,425<span></span>
</td>
<td class="nump">106,078<span></span>
</td>
<td class="nump">212,368<span></span>
</td>
<td class="nump">70,469<span></span>
</td>
<td class="num">$ (541,359)<span></span>
</td>
<td class="nump">$ 477,340<span></span>
</td>
<td class="num">$ (154,275)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net (loss) income</a></td>
<td class="num">$ (270,975)<span></span>
</td>
<td class="num">$ (175,321)<span></span>
</td>
<td class="nump">$ 86,256<span></span>
</td>
<td class="nump">$ 19,054<span></span>
</td>
<td class="nump">$ 2,272<span></span>
</td>
<td class="nump">$ 88,659<span></span>
</td>
<td class="nump">$ 194,051<span></span>
</td>
<td class="nump">$ 16,131<span></span>
</td>
<td class="num">$ (340,986)<span></span>
</td>
<td class="nump">$ 301,113<span></span>
</td>
<td class="num">$ (176,374)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Net (loss) income per share &#8211; basic</a></td>
<td class="num">$ (0.13)<span></span>
</td>
<td class="num">$ (0.09)<span></span>
</td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.00<span></span>
</td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="nump">$ 0.10<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="num">$ (0.17)<span></span>
</td>
<td class="nump">$ 0.15<span></span>
</td>
<td class="num">$ (0.09)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Net (loss) income per share &#8211; diluted</a></td>
<td class="num">$ (0.13)<span></span>
</td>
<td class="num">$ (0.09)<span></span>
</td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.00<span></span>
</td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="nump">$ 0.10<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="num">$ (0.17)<span></span>
</td>
<td class="nump">$ 0.15<span></span>
</td>
<td class="num">$ (0.09)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_SelectedQuarterlyFinancialDataAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_SelectedQuarterlyFinancialDataAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 52<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=32703322&amp;loc=d3e4984-109258<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-04.23)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 7<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Net Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51831255<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Other Comprehensive Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51831270<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OilAndGasRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate revenue during the period related to oil and gas business activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 23<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62136-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 24<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62246-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OilAndGasRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>80
<FILENAME>R63.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393919554592">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>16. Oil and Gas Reserve Data (Details Narrative) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExtractiveIndustriesAbstract', window );"><strong>Extractive Industries [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts', window );">future cash flows estimated to be spent to develop our share of proved undeveloped properties through March 31, 2020</a></td>
<td class="nump">$ 6,617,000<span></span>
</td>
<td class="nump">$ 4,826,000<span></span>
</td>
<td class="nump">$ 4,850,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_AveragePriceUsedPerBbl', window );">average prices used, per bbl</a></td>
<td class="nump">$ 74.84<span></span>
</td>
<td class="nump">$ 94.23<span></span>
</td>
<td class="nump">$ 85.53<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_AveragePricesUsedPerMcf', window );">average prices used, per mcf</a></td>
<td class="nump">$ 3.595<span></span>
</td>
<td class="nump">$ 3.67<span></span>
</td>
<td class="nump">$ 2.76<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_AveragePriceUsedPerBbl">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_AveragePriceUsedPerBbl</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_AveragePricesUsedPerMcf">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_AveragePricesUsedPerMcf</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExtractiveIndustriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ExtractiveIndustriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of estimated future accumulated cash outflow for costs to be incurred in developing proved oil and gas reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 30<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62424-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 31<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62455-109447<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 33<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e62479-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>81
<FILENAME>R34.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393919863504">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>17. Selected Quarterly Financial Data (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_QuarterlyFinancialInformationDisclosureAbstract', window );"><strong>Quarterly Financial Information Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock', window );">Selected Quarterly Financial Data</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">17. Selected
Quarterly Financial Data (Unaudited)</p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 11pt">
<tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td>&#160;</td>
    <td colspan="14" style="border-bottom: rgb(0, 0, 0) 2px solid; font-size: 11pt; text-align: center">FISCAL 2015</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">4<font style="font-size: smaller; vertical-align: text-top; line-height: 1">th</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">3<font style="font-size: smaller; vertical-align: text-top; line-height: 1">rd</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">2<font style="font-size: smaller; vertical-align: text-top; line-height: 1">nd</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">1<font style="font-size: smaller; vertical-align: text-top; line-height: 1">st</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="width: 40%; vertical-align: top; font-size: 11pt; text-align: left">Oil and gas revenue</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">551,894</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">790,335</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">987,942</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">1,006,655</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(255, 255, 255)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Operating (loss) profit</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(412,332</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(240,224</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">60,128</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">51,069</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Net (loss) income</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(270,975</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(175,321</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">86,256</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">19,054</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(255, 255, 255)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Net (loss) income per share &#150; basic</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(0.13</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(0.09</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.04</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.01</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Net (loss) income per share &#150; diluted</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(0.13</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">(0.09</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom; font-size: 11pt">)</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.04</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.01</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
</table>
<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 11pt">
<tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td>&#160;</td>
    <td colspan="14" style="border-bottom: rgb(0, 0, 0) 2px solid; font-size: 11pt; text-align: center">FISCAL 2014</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">4<font style="font-size: smaller; vertical-align: text-top; line-height: 1">th</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">3<font style="font-size: smaller; vertical-align: text-top; line-height: 1">rd</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">2<font style="font-size: smaller; vertical-align: text-top; line-height: 1">nd</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td>
    <td>&#160;</td>
    <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: center">1<font style="font-size: smaller; vertical-align: text-top; line-height: 1">st</font> QTR</td>
    <td nowrap="nowrap" style="text-align: left">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="width: 40%; vertical-align: top; font-size: 11pt; text-align: left">Oil and gas revenue</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">953,291</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">948,633</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">1,108,102</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 12%; text-align: right; vertical-align: bottom; font-size: 11pt">984,269</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(255, 255, 255)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Operating profit</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">88,425</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">106,078</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">212,368</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">70,469</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Net income</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">2,272</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">88,659</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">194,051</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">16,131</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(255, 255, 255)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Net income per share &#150; basic</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.00</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.04</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.10</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.01</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="vertical-align: top; font-size: 11pt; text-align: left">Net income per share &#150; diluted</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.00</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.04</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.10</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">0.01</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
</table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_QuarterlyFinancialInformationDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_QuarterlyFinancialInformationDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 270<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)-(j)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51825399&amp;loc=d3e1280-108306<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>82
<FILENAME>R51.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393922663408">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13. Stock Options - Summary of the grant-date fair value of stock options granted (Details) - $ / shares<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue', window );">Grant-date fair value</a></td>
<td class="nump">$ 5.59<span></span>
</td>
<td class="nump">$ 4.75<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate', window );">Volatility factor</a></td>
<td class="nump">76.23%<span></span>
</td>
<td class="nump">77.01%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate', window );">Dividend yield</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate', window );">Risk-free interest rate</a></td>
<td class="nump">2.52%<span></span>
</td>
<td class="nump">1.74%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1', window );">Expected term (in years)</a></td>
<td class="text">10 years<span></span>
</td>
<td class="text">7 years<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (c)(2)(iii)(1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (f)(2)(iii)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (f)(2)(ii)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The risk-free interest rate assumption that is used in valuing an option on its own shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (f)(2)(iv)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 14.D.2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27013229&amp;loc=d3e301413-122809<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (f)(2)(i)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 14<br><br><br><br> -Section D<br><br><br><br> -Subsection 2<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>83
<FILENAME>R21.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140394043746480">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>15. Lease Commitments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsDisclosureTextBlock', window );">15. Lease Commitments</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>15.
Lease Commitments</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The Company
leases its principal office space. On April 1, 2013, the Company agreed to a three year lease, with an option to renew for an additional
two years. On April 1, 2014, the Company agreed to a three year lease for an additional office space. The following table summarizes
future payments we are obligated to make based on the lease commitments in place as of March 31, 2015:</p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&#160;&#160;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 11pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom; background-color: rgb(220,220,220); font: 11pt Times New Roman, Times, Serif">
    <td style="font: 11pt Times New Roman, Times, Serif; padding-bottom: 1pt">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt; padding-left: 10pt"></td><td style="padding-bottom: 1pt; font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="border-bottom: Black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: left"><p style="margin-top: 0; margin-bottom: 0; text-align: left; font: 11pt Times New Roman, Times, Serif">Commitment</p>
                                                                 <p style="margin-top: 0; margin-bottom: 0; text-align: left; font: 11pt Times New Roman, Times, Serif">Amount (1)</p></td><td style="border-bottom: Black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: right">&#160;</td><td style="padding-bottom: 1pt; text-align: left; font: 11pt Times New Roman, Times, Serif">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White; font: 11pt Times New Roman, Times, Serif">
    <td style="width: 60%; font: 11pt Times New Roman, Times, Serif; text-align: justify">Fiscal Year 2016</td><td style="width: 10%; font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left">$</td><td style="width: 28%; font: 11pt Times New Roman, Times, Serif; text-align: right">23,440</td><td style="width: 1%; font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220); font: 11pt Times New Roman, Times, Serif">
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">Fiscal Year 2017</td><td style="font: 11pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: right">4,420</td><td style="font: 11pt Times New Roman, Times, Serif; text-align: left">&#160;</td></tr>
</table>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><br style="line-height: 1.15" />
</p>

<p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(1) The total commitment for the
remainder of the leases is $37,100 which includes $9,240 billed to and reimbursed by our majority shareholder for his portion
of the shared office space.</p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.(a)(19))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.25)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>84
<FILENAME>R26.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140394098130112">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>5. Credit Facility (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock', window );">Summary of activity on the Bank of America, N.A. line of credit</a></td>
<td class="text"><p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 11pt">
<tr>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td colspan="2" style="vertical-align: top; border-bottom: rgb(0, 0, 0) 2px solid; font-size: 11pt; text-align: center">Principal</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="width: 86%; vertical-align: top; font-size: 11pt; text-align: left">Balance at April 1, 2014:</td>
    <td style="width: 1%; vertical-align: bottom">&#160;</td>
    <td style="width: 1%; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="width: 11%; text-align: right; vertical-align: bottom; font-size: 11pt">2,425,000</td>
    <td nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(255, 255, 255)">
    <td style="padding-left: 9pt; vertical-align: top; font-size: 11pt; text-align: left">Borrowings</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="text-align: left; vertical-align: bottom">&#160;</td>
    <td style="text-align: right; vertical-align: bottom; font-size: 11pt">3,675,000</td>
    <td nowrap="nowrap" style="text-align: left; vertical-align: bottom">&#160;</td></tr>
<tr style="background-color: rgb(220, 220, 220)">
    <td style="padding-bottom: 2px; padding-left: 9pt; vertical-align: top; font-size: 11pt; text-align: left">Repayments</td>
    <td style="padding-bottom: 2px; vertical-align: bottom">&#160;</td>
    <td style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: left; vertical-align: bottom">&#160;</td>
    <td style="border-bottom: rgb(0, 0, 0) 2px solid; text-align: right; vertical-align: bottom; font-size: 11pt">(150,000</td>
    <td nowrap="nowrap" style="text-align: left; padding-bottom: 2px; vertical-align: bottom; font-size: 11pt">)</td></tr>
<tr style="background-color: rgb(255, 255, 255)">
    <td style="padding-bottom: 4px; vertical-align: top; font-size: 11pt; text-align: left">Balance at March 31, 2015:</td>
    <td style="padding-bottom: 4px; vertical-align: bottom">&#160;</td>
    <td style="border-bottom: rgb(0, 0, 0) 4px double; text-align: left; vertical-align: bottom; font-size: 11pt">$</td>
    <td style="border-bottom: rgb(0, 0, 0) 4px double; text-align: right; vertical-align: bottom; font-size: 11pt">5,950,000</td>
    <td nowrap="nowrap" style="text-align: left; padding-bottom: 4px; vertical-align: bottom">&#160;</td></tr>
</table>
<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt">&#160;</p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(b),22(b))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(e),(f))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>85
<FILENAME>R49.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393923173984">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>11. (Loss) Income Per Common Share (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="8">3 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
<th class="th"><div>Sep. 30, 2014</div></th>
<th class="th"><div>Jun. 30, 2014</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Dec. 31, 2013</div></th>
<th class="th"><div>Sep. 30, 2013</div></th>
<th class="th"><div>Jun. 30, 2013</div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_LossIncomePerCommonShareDetailsAbstract', window );"><strong>Loss Income Per Common Share Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net (loss) income</a></td>
<td class="num">$ (270,975)<span></span>
</td>
<td class="num">$ (175,321)<span></span>
</td>
<td class="nump">$ 86,256<span></span>
</td>
<td class="nump">$ 19,054<span></span>
</td>
<td class="nump">$ 2,272<span></span>
</td>
<td class="nump">$ 88,659<span></span>
</td>
<td class="nump">$ 194,051<span></span>
</td>
<td class="nump">$ 16,131<span></span>
</td>
<td class="num">$ (340,986)<span></span>
</td>
<td class="nump">$ 301,113<span></span>
</td>
<td class="num">$ (176,374)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAbstract', window );"><strong>Shares outstanding:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Weighted avg. common shares outstanding &#8211; basic</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,038,250<span></span>
</td>
<td class="nump">2,036,950<span></span>
</td>
<td class="nump">2,036,950<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_MXC_EffectOfAssumedExerciseOfDilutiveStockOptions', window );">Effect of the assumed exercise of dilutive stock options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,234<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Weighted avg. common shares outstanding &#8211; dilutive</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,038,250<span></span>
</td>
<td class="nump">2,042,184<span></span>
</td>
<td class="nump">2,036,959<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>(Loss) income per common share:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic</a></td>
<td class="num">$ (0.13)<span></span>
</td>
<td class="num">$ (0.09)<span></span>
</td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.00<span></span>
</td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="nump">$ 0.10<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="num">$ (0.17)<span></span>
</td>
<td class="nump">$ 0.15<span></span>
</td>
<td class="num">$ (0.09)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted</a></td>
<td class="num">$ (0.13)<span></span>
</td>
<td class="num">$ (0.09)<span></span>
</td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.00<span></span>
</td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="nump">$ 0.10<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="num">$ (0.17)<span></span>
</td>
<td class="nump">$ 0.15<span></span>
</td>
<td class="num">$ (0.09)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_EffectOfAssumedExerciseOfDilutiveStockOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_EffectOfAssumedExerciseOfDilutiveStockOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_MXC_LossIncomePerCommonShareDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">MXC_LossIncomePerCommonShareDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>MXC_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 52<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=32703322&amp;loc=d3e4984-109258<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-04.23)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 7<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasicAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1252-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Net Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51831255<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Other Comprehensive Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51831270<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 16<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1505-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=7655603&amp;loc=d3e1448-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Weighted-Average Number of Common Shares Outstanding<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528421<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>86
<FILENAME>R41.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393924626272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>7. Income Taxes - Reconciliation of the provision for income taxes to income taxes computed (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
<th class="th"><div>Mar. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate', window );">Tax expense at federal statutory rate</a></td>
<td class="num">$ (183,085)<span></span>
</td>
<td class="nump">$ 106,374<span></span>
</td>
<td class="num">$ (70,678)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities', window );">Statutory depletion carryforward</a></td>
<td class="num">(71,292)<span></span>
</td>
<td class="num">(127,204)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate', window );">Effect of graduated rates</a></td>
<td class="nump">12,221<span></span>
</td>
<td class="num">(13,841)<span></span>
</td>
<td class="nump">$ 3,391<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance', window );">Permanent differences</a></td>
<td class="nump">44,576<span></span>
</td>
<td class="nump">46,421<span></span>
</td>
<td class="nump">35,783<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationTaxCredits', window );">Total income tax (benefit) expense</a></td>
<td class="num">$ (197,499)<span></span>
</td>
<td class="nump">$ 11,750<span></span>
</td>
<td class="num">$ (31,504)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations', window );">Effective income tax rate</a></td>
<td class="num">(37.00%)<span></span>
</td>
<td class="nump">4.00%<span></span>
</td>
<td class="num">(15.00%)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(h)(2))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 12<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 12<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 20<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e32123-109318<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations, attributable to increase (decrease) in the income tax rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 12<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e32059-109318<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and the expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to deduction for qualified production activity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 12<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 12<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 08<br><br><br><br> -Paragraph h<br><br><br><br> -Subparagraph 2<br><br><br><br> -Article 4<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationTaxCredits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to tax credits. Including, but not limited to, research credit, foreign tax credit, investment tax credit, and other tax credits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 12<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32687-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32698-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationTaxCredits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>87
<FILENAME>R5.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393911451104">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)<br></strong></div></th>
<th class="th"><div>Common Stock Par Value</div></th>
<th class="th"><div>Treasury Stock</div></th>
<th class="th"><div>Additional Paid-In Capital</div></th>
<th class="th"><div>Retained Earnings</div></th>
<th class="th"><div>Total</div></th>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Beginning balance, Shares at Mar. 31, 2012</a></td>
<td class="nump">2,099,116<span></span>
</td>
<td class="num">(63,167)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Beginning balance, Amount at Mar. 31, 2012</a></td>
<td class="nump">$ 1,049,558<span></span>
</td>
<td class="num">$ (325,445)<span></span>
</td>
<td class="nump">$ 6,608,350<span></span>
</td>
<td class="nump">$ 5,641,827<span></span>
</td>
<td class="nump">$ 12,974,290<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(176,374)<span></span>
</td>
<td class="num">(176,374)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodValue', window );">Purchase of stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (15,547)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (15,547)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodShares', window );">Purchase of stock, shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,833)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,833)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Issuance of stock through options exercised</a></td>
<td class="nump">$ 1,875<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,438<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 16,313<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Stock based compensation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">138,303<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 138,303<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Shares Issued</a></td>
<td class="nump">3,750<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,750)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Ending balance, Shares at Mar. 31, 2013</a></td>
<td class="nump">2,102,866<span></span>
</td>
<td class="num">(66,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,036,866<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Ending balance, Amount at Mar. 31, 2013</a></td>
<td class="nump">$ 1,051,433<span></span>
</td>
<td class="num">$ (340,992)<span></span>
</td>
<td class="nump">6,761,091<span></span>
</td>
<td class="nump">5,465,453<span></span>
</td>
<td class="nump">$ 12,936,985<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">301,113<span></span>
</td>
<td class="nump">301,113<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Issuance of stock through options exercised</a></td>
<td class="nump">$ 700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,106<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,806<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Stock based compensation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">152,448<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 152,448<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Shares Issued</a></td>
<td class="nump">1,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,400)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Ending balance, Shares at Mar. 31, 2014</a></td>
<td class="nump">2,104,266<span></span>
</td>
<td class="num">(66,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,038,266<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Ending balance, Amount at Mar. 31, 2014</a></td>
<td class="nump">$ 1,052,133<span></span>
</td>
<td class="num">$ (340,992)<span></span>
</td>
<td class="nump">6,921,645<span></span>
</td>
<td class="nump">5,766,566<span></span>
</td>
<td class="nump">$ 13,399,352<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(340,986)<span></span>
</td>
<td class="num">(340,986)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodValue', window );">Purchase of stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (5,009)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (5,009)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodShares', window );">Purchase of stock, shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Stock based compensation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">153,386<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 153,386<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Shares Issued</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesIssued', window );">Ending balance, Shares at Mar. 31, 2015</a></td>
<td class="nump">2,104,266<span></span>
</td>
<td class="num">(67,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,037,266<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Ending balance, Amount at Mar. 31, 2015</a></td>
<td class="nump">$ 1,052,133<span></span>
</td>
<td class="num">$ (346,001)<span></span>
</td>
<td class="nump">$ 7,075,031<span></span>
</td>
<td class="nump">$ 5,425,580<span></span>
</td>
<td class="nump">$ 13,206,743<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Net Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51831255<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 260<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 225<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SX 210.5-03.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26872669&amp;loc=d3e20235-122688<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 225<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-04.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Other Comprehensive Income<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51831270<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 5<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 9<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 28<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=56944662&amp;loc=d3e3602-108585<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of share options (or share units) exercised during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 718<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (c)(1)(iv)(2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28,29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of stock issued as a result of the exercise of stock options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29-31)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedDuringPeriodShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30<br><br><br><br> -Article 5<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchasedDuringPeriodShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedDuringPeriodValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30, 31<br><br><br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchasedDuringPeriodValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SAB TOPIC 4.E)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29-31)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section E<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_TreasuryStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>88
<FILENAME>R10.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140394042447328">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>4. Fair Value of Financial Instruments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>Fair Value Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementInputsDisclosureTextBlock', window );">Fair Value of Financial Instruments</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>4.
Fair Value of Financial Instruments.</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Fair
value as defined by authoritative literature is the price that would be received to sell an asset or paid to transfer a liability
(exit price) in an orderly transaction between market participants at the measurement date. Fair value measurements are classified
and disclosed in one of the following categories:</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 9pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p>

<p style="font: 9pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p>



<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Level
1 &#150; Quoted prices in active markets for identical assets and liabilities.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Level
2 &#150; Quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar instruments
in markets that are not active and model-derived valuations whose inputs are observable or whose significant value drivers are
observable.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Level
3 &#150; Significant inputs to the valuation model are unobservable.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Financial
assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
carrying amount reported in the accompanying consolidated balance sheets for cash and cash equivalents, accounts receivable and
accounts payable approximates fair value because of the immediate or short-term maturity of these financial instruments.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
fair value amount reported in the accompanying consolidated balance sheets for long term debt approximates fair value because
the actual interest rates do not significantly differ from current rates offered for instruments with similar characteristics
and is deemed to use Level 2 inputs. See the Company&#146;s Note 5 on Credit Facility for further discussion.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">The
fair value of the Company&#146;s crude oil swaps are measured internally using established commodity futures price strips for
the underlying commodity provided by a reputable third party, the contracted notional volumes, and time to maturity. The valuation
of the Company&#146;s derivative instrument is deemed to use Level 2 inputs. See the Company&#146;s Note 8 on Derivatives for
further discussion.</font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueDisclosuresAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementInputsDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 820<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19279-110258<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 820<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19207-110258<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 820<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=36462937&amp;loc=d3e19190-110258<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementInputsDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>89
<FILENAME>R58.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393928606896">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>16. Oil and Gas Reserve Data - Changes in Proved Reserves: (Details)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Mar. 31, 2015 </div>
<div>bbl </div>
<div>Mcf</div>
</th>
<th class="th">
<div>Mar. 31, 2014 </div>
<div>bbl </div>
<div>Mcf</div>
</th>
<th class="th">
<div>Mar. 31, 2013 </div>
<div>bbl </div>
<div>Mcf</div>
</th>
<th class="th">
<div>Mar. 31, 2012 </div>
<div>bbl </div>
<div>Mcf</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease', window );">Revision of previous estimates</a></td>
<td class="num">(943,113)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReserveQuantitiesByTypeOfReserveAxis=us-gaap_OilReservesMember', window );">Oil [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesNet', window );">Developed and Undeveloped Reserves | bbl</a></td>
<td class="nump">660,000<span></span>
</td>
<td class="nump">502,000<span></span>
</td>
<td class="nump">366,000<span></span>
</td>
<td class="nump">346,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease', window );">Revision of previous estimates | bbl</a></td>
<td class="num">(90,000)<span></span>
</td>
<td class="nump">12,000<span></span>
</td>
<td class="num">(10,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace', window );">Purchase of minerals in place | bbl</a></td>
<td class="nump">43,000<span></span>
</td>
<td class="nump">50,000<span></span>
</td>
<td class="nump">48,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions', window );">Extensions and discoveries | bbl</a></td>
<td class="nump">235,000<span></span>
</td>
<td class="nump">101,000<span></span>
</td>
<td class="nump">5,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace', window );">Sales of minerals in place | bbl</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesProduction', window );">Production | bbl</a></td>
<td class="num">(30,000)<span></span>
</td>
<td class="num">(27,000)<span></span>
</td>
<td class="num">(23,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReserveQuantitiesByTypeOfReserveAxis=us-gaap_NaturalGasReservesMember', window );">Natural Gas [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesNet', window );">Developed and Undeveloped Reserves</a></td>
<td class="nump">6,289,000<span></span>
</td>
<td class="nump">6,259,000<span></span>
</td>
<td class="nump">7,844,000<span></span>
</td>
<td class="nump">8,445,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease', window );">Revision of previous estimates</a></td>
<td class="num">(665,000)<span></span>
</td>
<td class="num">(1,404,000)<span></span>
</td>
<td class="num">(589,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace', window );">Purchase of minerals in place</a></td>
<td class="nump">795,000<span></span>
</td>
<td class="nump">18,000<span></span>
</td>
<td class="nump">71,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions', window );">Extensions and discoveries</a></td>
<td class="nump">269,000<span></span>
</td>
<td class="nump">163,000<span></span>
</td>
<td class="nump">318,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace', window );">Sales of minerals in place</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvedDevelopedAndUndevelopedReservesProduction', window );">Production</a></td>
<td class="num">(369,000)<span></span>
</td>
<td class="num">(362,000)<span></span>
</td>
<td class="num">(401,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additions to proved reserves that result from (1) extension of the proved acreage of previously discovered (old) reservoirs through additional drilling in periods after discovery and (2) discovery of new fields with proved reserves or of new reservoirs of proved reserves in old fields.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph (d)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61831-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:volumeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvedDevelopedAndUndevelopedReservesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net quantity of proved reserves as of the balance sheet date. Proved oil reserves are the estimated quantities of crude oil and natural gas liquids which geological and engineering data demonstrate with reasonable certainty to be recoverable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61831-109447<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-10.(a)(2))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=50486907&amp;loc=d3e511914-122862<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvedDevelopedAndUndevelopedReservesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:volumeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvedDevelopedAndUndevelopedReservesProduction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Production of proved reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph (e)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61831-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvedDevelopedAndUndevelopedReservesProduction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:volumeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Purchase of minerals in place.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph (c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61831-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:volumeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revisions represent changes in previous estimates of proved reserves, either upward or downward, resulting from new information (except for an increase in proved acreage) normally obtained from development drilling and production history or resulting from change in economic factors.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61831-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:volumeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sales of minerals in place.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 235<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph (f)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51678428&amp;loc=d3e61831-109447<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:volumeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReserveQuantitiesByTypeOfReserveAxis=us-gaap_OilReservesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReserveQuantitiesByTypeOfReserveAxis=us-gaap_OilReservesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReserveQuantitiesByTypeOfReserveAxis=us-gaap_NaturalGasReservesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReserveQuantitiesByTypeOfReserveAxis=us-gaap_NaturalGasReservesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>90
<FILENAME>R27.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140394043615264">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>6. Asset Retirement Obligations (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationDisclosureAbstract', window );"><strong>Asset Retirement Obligation Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock', window );">Rollforward of the asset retirement obligations</a></td>
<td class="text"><p style="margin: 0pt"></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2015</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="3" style="font-size: 11pt; text-align: center; border-bottom: Black 1pt solid"><font style="font: 11pt Times New Roman, Times, Serif">2014</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="width: 50%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Carrying
    amount of asset retirement obligations as of April 1</font></td><td style="width: 9%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 14%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">961,577</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="width: 9%; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="width: 14%; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">813,412</font></td><td style="width: 1%; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Liabilities incurred</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">274,148</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">134,113</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Liabilities settled</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(23,441</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">(30,314</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Accretion
    expense</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">27,932</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">44,366</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Carrying amount of asset
    retirement obligations as of March 31</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,240,216</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">961,577</font></td><td style="font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">Less:
    Current portion</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">10,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 1pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="border-bottom: Black 1pt solid; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">35,000</font></td><td style="padding-bottom: 1pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: rgb(220,220,220)">
    <td style="font-size: 11pt; text-align: left; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">Non-Current
    asset retirement obligation</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">1,230,216</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td><td style="font-size: 11pt; padding-bottom: 2.5pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">$</font></td><td style="border-bottom: Black 2.5pt double; font-size: 11pt; text-align: right"><font style="font: 11pt Times New Roman, Times, Serif">926,577</font></td><td style="padding-bottom: 2.5pt; font-size: 11pt; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>

<p style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><br style="line-height: 1.15" /></font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the carrying amount of a liability for asset retirement obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 410<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>91
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XBRL>
<?xml version='1.0' encoding='UTF-8'?>
<FilingSummary>
  <Version>3.2.0.727</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>63</ContextCount>
  <ElementCount>284</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>11</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>7</UnitCount>
  <MyReports>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>00000001 - Document - Document and Entity Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/DocumentAndEntityInformation</Role>
      <ShortName>Document and Entity Information</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R2.htm</HtmlFileName>
      <LongName>00000002 - Statement - CONSOLIDATED BALANCE SHEETS</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/ConsolidatedBalanceSheets</Role>
      <ShortName>CONSOLIDATED BALANCE SHEETS</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>2</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R3.htm</HtmlFileName>
      <LongName>00000003 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/ConsolidatedBalanceSheetsParenthetical</Role>
      <ShortName>CONSOLIDATED BALANCE SHEETS (Parenthetical)</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>3</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R4.htm</HtmlFileName>
      <LongName>00000004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/ConsolidatedStatementsOfOperations</Role>
      <ShortName>CONSOLIDATED STATEMENTS OF OPERATIONS</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>4</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R5.htm</HtmlFileName>
      <LongName>00000005 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/ConsolidatedStatementsOfChangesInStockholdersEquity</Role>
      <ShortName>CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>5</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R6.htm</HtmlFileName>
      <LongName>00000006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/ConsolidatedStatementsOfCashFlows</Role>
      <ShortName>CONSOLIDATED STATEMENTS OF CASH FLOWS</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>6</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R7.htm</HtmlFileName>
      <LongName>00000007 - Disclosure - 1. Nature of Operations</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/NatureOfOperations</Role>
      <ShortName>1. Nature of Operations</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>7</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R8.htm</HtmlFileName>
      <LongName>00000008 - Disclosure - 2. Summary of Significant Accounting Policies</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/SummaryOfSignificantAccountingPolicies</Role>
      <ShortName>2. Summary of Significant Accounting Policies</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>8</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R9.htm</HtmlFileName>
      <LongName>00000009 - Disclosure - 3. Business Combinations</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/BusinessCombinations</Role>
      <ShortName>3. Business Combinations</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>9</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R10.htm</HtmlFileName>
      <LongName>00000010 - Disclosure - 4. Fair Value of Financial Instruments</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/FairValueOfFinancialInstruments</Role>
      <ShortName>4. Fair Value of Financial Instruments</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>10</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R11.htm</HtmlFileName>
      <LongName>00000011 - Disclosure - 5. Credit Facility</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/CreditFacility</Role>
      <ShortName>5. Credit Facility</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>11</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R12.htm</HtmlFileName>
      <LongName>00000012 - Disclosure - 6. Asset Retirement Obligations</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/AssetRetirementObligations</Role>
      <ShortName>6. Asset Retirement Obligations</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>12</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R13.htm</HtmlFileName>
      <LongName>00000013 - Disclosure - 7. Income Taxes</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/IncomeTaxes</Role>
      <ShortName>7. Income Taxes</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>13</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R14.htm</HtmlFileName>
      <LongName>00000014 - Disclosure - 8. Derivatives</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/Derivatives</Role>
      <ShortName>8. Derivatives</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>14</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R15.htm</HtmlFileName>
      <LongName>00000015 - Disclosure - 9. Major Customers</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/MajorCustomers</Role>
      <ShortName>9. Major Customers</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>15</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R16.htm</HtmlFileName>
      <LongName>00000016 - Disclosure - 10. Oil and Gas Costs</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasCosts</Role>
      <ShortName>10. Oil and Gas Costs</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>16</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R17.htm</HtmlFileName>
      <LongName>00000017 - Disclosure - 11. (Loss) Income Per Common Share</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/LossIncomePerCommonShare</Role>
      <ShortName>11. (Loss) Income Per Common Share</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>17</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R18.htm</HtmlFileName>
      <LongName>00000018 - Disclosure - 12. Stockholders' Equity</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/StockholdersEquity</Role>
      <ShortName>12. Stockholders' Equity</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>18</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R19.htm</HtmlFileName>
      <LongName>00000019 - Disclosure - 13. Stock Options</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/StockOptions</Role>
      <ShortName>13. Stock Options</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>19</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R20.htm</HtmlFileName>
      <LongName>00000020 - Disclosure - 14. Related Party Transactions</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/RelatedPartyTransactions</Role>
      <ShortName>14. Related Party Transactions</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>20</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R21.htm</HtmlFileName>
      <LongName>00000021 - Disclosure - 15. Lease Commitments</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/LeaseCommitments</Role>
      <ShortName>15. Lease Commitments</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>21</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R22.htm</HtmlFileName>
      <LongName>00000022 - Disclosure - 16. Oil and Gas Reserve Data (Unaudited)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasReserveData</Role>
      <ShortName>16. Oil and Gas Reserve Data (Unaudited)</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>22</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R23.htm</HtmlFileName>
      <LongName>00000023 - Disclosure - 17. Selected Quarterly Financial Data (Unaudited)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/SelectedQuarterlyFinancialData</Role>
      <ShortName>17. Selected Quarterly Financial Data (Unaudited)</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>23</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R24.htm</HtmlFileName>
      <LongName>00000024 - Disclosure - 2. Summary of Significant Accounting Policies (Policies)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/SummaryOfSignificantAccountingPoliciesPolicies</Role>
      <ShortName>2. Summary of Significant Accounting Policies (Policies)</ShortName>
      <MenuCategory>Policies</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/SummaryOfSignificantAccountingPolicies</ParentRole>
      <Position>24</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R25.htm</HtmlFileName>
      <LongName>00000025 - Disclosure - 3. Business Combinations (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/BusinessCombinationsTables</Role>
      <ShortName>3. Business Combinations (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/BusinessCombinations</ParentRole>
      <Position>25</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R26.htm</HtmlFileName>
      <LongName>00000026 - Disclosure - 5. Credit Facility (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/CreditFacilityTables</Role>
      <ShortName>5. Credit Facility (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/CreditFacility</ParentRole>
      <Position>26</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R27.htm</HtmlFileName>
      <LongName>00000027 - Disclosure - 6. Asset Retirement Obligations (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/AssetRetirementObligationsTables</Role>
      <ShortName>6. Asset Retirement Obligations (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/AssetRetirementObligations</ParentRole>
      <Position>27</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R28.htm</HtmlFileName>
      <LongName>00000028 - Disclosure - 7. Income Taxes (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/IncomeTaxesTables</Role>
      <ShortName>7. Income Taxes (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/IncomeTaxes</ParentRole>
      <Position>28</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R29.htm</HtmlFileName>
      <LongName>00000029 - Disclosure - 8. Derivatives (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/DerivativesTables</Role>
      <ShortName>8. Derivatives (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/Derivatives</ParentRole>
      <Position>29</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R30.htm</HtmlFileName>
      <LongName>00000030 - Disclosure - 10. Oil and Gas Costs (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasCostsTables</Role>
      <ShortName>10. Oil and Gas Costs (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/OilAndGasCosts</ParentRole>
      <Position>30</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R31.htm</HtmlFileName>
      <LongName>00000031 - Disclosure - 13. Stock Options (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/StockOptionsTables</Role>
      <ShortName>13. Stock Options (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/StockOptions</ParentRole>
      <Position>31</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R32.htm</HtmlFileName>
      <LongName>00000032 - Disclosure - 15. Lease Commitments (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/LeaseCommitmentsTables</Role>
      <ShortName>15. Lease Commitments (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/LeaseCommitments</ParentRole>
      <Position>32</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R33.htm</HtmlFileName>
      <LongName>00000033 - Disclosure - 16. Oil and Gas Reserve Data (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasReserveDataTables</Role>
      <ShortName>16. Oil and Gas Reserve Data (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/OilAndGasReserveData</ParentRole>
      <Position>33</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R34.htm</HtmlFileName>
      <LongName>00000034 - Disclosure - 17. Selected Quarterly Financial Data (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataTables</Role>
      <ShortName>17. Selected Quarterly Financial Data (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/SelectedQuarterlyFinancialData</ParentRole>
      <Position>34</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R35.htm</HtmlFileName>
      <LongName>00000035 - Disclosure - 3. Business Combinations (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/BusinessCombinations-PurchasePriceWasAllocatedToAssetsAcquiredAndLiabilitiesAssumedAtEstimatedFairValuesDetails</Role>
      <ShortName>3. Business Combinations (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/BusinessCombinationsTables</ParentRole>
      <Position>35</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R36.htm</HtmlFileName>
      <LongName>00000036 - Disclosure - 5. Credit Facility - Summary of activity on the Bank of America, N.A. line of credit (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/CreditFacility-SummaryOfActivityOnBankOfAmericaN.A.LineOfCreditDetails</Role>
      <ShortName>5. Credit Facility - Summary of activity on the Bank of America, N.A. line of credit (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>36</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R37.htm</HtmlFileName>
      <LongName>00000037 - Disclosure - 6. Rollforward of Asset Retirement Obligations (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/RollforwardOfAssetRetirementObligationsDetails</Role>
      <ShortName>6. Rollforward of Asset Retirement Obligations (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>37</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R38.htm</HtmlFileName>
      <LongName>00000038 - Disclosure - 7. Income Taxes - Components of net deferred tax assets (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/IncomeTaxes-ComponentsOfNetDeferredTaxAssetsDetails</Role>
      <ShortName>7. Income Taxes - Components of net deferred tax assets (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>38</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R39.htm</HtmlFileName>
      <LongName>00000039 - Disclosure - 7. Income Taxes (Details Narrative)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/IncomeTaxesDetailsNarrative</Role>
      <ShortName>7. Income Taxes (Details Narrative)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/IncomeTaxesTables</ParentRole>
      <Position>39</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R40.htm</HtmlFileName>
      <LongName>00000040 - Disclosure - 7. Income Tax Provision (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/IncomeTaxProvisionDetails</Role>
      <ShortName>7. Income Tax Provision (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>40</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R41.htm</HtmlFileName>
      <LongName>00000041 - Disclosure - 7. Income Taxes - Reconciliation of the provision for income taxes to income taxes computed (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfProvisionForIncomeTaxesToIncomeTaxesComputedDetails</Role>
      <ShortName>7. Income Taxes - Reconciliation of the provision for income taxes to income taxes computed (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>41</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R42.htm</HtmlFileName>
      <LongName>00000042 - Disclosure - 7. Income Taxes - Reconciliation of the beginning and ending balances of unrecognized tax benefits (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/IncomeTaxes-ReconciliationOfBeginningAndEndingBalancesOfUnrecognizedTaxBenefitsDetails</Role>
      <ShortName>7. Income Taxes - Reconciliation of the beginning and ending balances of unrecognized tax benefits (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>42</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R43.htm</HtmlFileName>
      <LongName>00000043 - Disclosure - 8. Derivatives - Net fair value of the Company’s derivative assets and liabilities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/Derivatives-NetFairValueOfCompanysDerivativeAssetsAndLiabilitiesDetails</Role>
      <ShortName>8. Derivatives - Net fair value of the Company’s derivative assets and liabilities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>43</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R44.htm</HtmlFileName>
      <LongName>00000044 - Disclosure - 8. Derivatives - Loss on derivative instruments included in the consolidated statements of operations (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/Derivatives-LossOnDerivativeInstrumentsIncludedInConsolidatedStatementsOfOperationsDetails</Role>
      <ShortName>8. Derivatives - Loss on derivative instruments included in the consolidated statements of operations (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>44</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R45.htm</HtmlFileName>
      <LongName>00000045 - Disclosure - 9. Major Customers (Details Narrative)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/MajorCustomersDetailsNarrative</Role>
      <ShortName>9. Major Customers (Details Narrative)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/MajorCustomers</ParentRole>
      <Position>45</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R46.htm</HtmlFileName>
      <LongName>00000046 - Disclosure - 10. Oil and Gas Costs - Costs related to our oil and gas activities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasCosts-CostsRelatedToOurOilAndGasActivitiesDetails</Role>
      <ShortName>10. Oil and Gas Costs - Costs related to our oil and gas activities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>46</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R47.htm</HtmlFileName>
      <LongName>00000047 - Disclosure - 10. Oil and Gas Costs - Aggregate capitalized costs relating to our oil and gas property activities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasCosts-AggregateCapitalizedCostsRelatingToOurOilAndGasPropertyActivitiesDetails</Role>
      <ShortName>10. Oil and Gas Costs - Aggregate capitalized costs relating to our oil and gas property activities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>47</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R48.htm</HtmlFileName>
      <LongName>00000048 - Disclosure - 10. Oil and Gas Costs (Details Narrative)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasCostsDetailsNarrative</Role>
      <ShortName>10. Oil and Gas Costs (Details Narrative)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/OilAndGasCostsTables</ParentRole>
      <Position>48</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R49.htm</HtmlFileName>
      <LongName>00000049 - Disclosure - 11. (Loss) Income Per Common Share (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/LossIncomePerCommonShareDetails</Role>
      <ShortName>11. (Loss) Income Per Common Share (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/LossIncomePerCommonShare</ParentRole>
      <Position>49</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R50.htm</HtmlFileName>
      <LongName>00000050 - Disclosure - 12. Stockholders' Equity (Details Narrative)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/StockholdersEquityDetailsNarrative</Role>
      <ShortName>12. Stockholders' Equity (Details Narrative)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/StockholdersEquity</ParentRole>
      <Position>50</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R51.htm</HtmlFileName>
      <LongName>00000051 - Disclosure - 13. Stock Options - Summary of the grant-date fair value of stock options granted (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/StockOptions-SummaryOfGrant-DateFairValueOfStockOptionsGrantedDetails</Role>
      <ShortName>13. Stock Options - Summary of the grant-date fair value of stock options granted (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>51</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R52.htm</HtmlFileName>
      <LongName>00000052 - Disclosure - 13. Stock Options - Summary of activity of stock options (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/StockOptions-SummaryOfActivityOfStockOptionsDetails</Role>
      <ShortName>13. Stock Options - Summary of activity of stock options (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>52</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R53.htm</HtmlFileName>
      <LongName>00000053 - Disclosure - 13. Stock Options - Other information pertaining to option activity (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/StockOptions-OtherInformationPertainingToOptionActivityDetails</Role>
      <ShortName>13. Stock Options - Other information pertaining to option activity (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>53</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R54.htm</HtmlFileName>
      <LongName>00000054 - Disclosure - 13. Stock Options - Summary information about options outstanding at March 31, 2015 (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/StockOptions-SummaryInformationAboutOptionsOutstandingAtMarch312014Details</Role>
      <ShortName>13. Stock Options - Summary information about options outstanding at March 31, 2015 (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>54</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R55.htm</HtmlFileName>
      <LongName>00000055 - Disclosure - 13. Stock Options (Details Narrative)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/StockOptionsDetailsNarrative</Role>
      <ShortName>13. Stock Options (Details Narrative)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/StockOptionsTables</ParentRole>
      <Position>55</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R56.htm</HtmlFileName>
      <LongName>00000056 - Disclosure - 14. Related Party Transactions (Details Narrative)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/RelatedPartyTransactionsDetailsNarrative</Role>
      <ShortName>14. Related Party Transactions (Details Narrative)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/RelatedPartyTransactions</ParentRole>
      <Position>56</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R57.htm</HtmlFileName>
      <LongName>00000057 - Disclosure - 15. Lease Commitments (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/LeaseCommitmentsDetails</Role>
      <ShortName>15. Lease Commitments (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/LeaseCommitmentsTables</ParentRole>
      <Position>57</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R58.htm</HtmlFileName>
      <LongName>00000058 - Disclosure - 16. Oil and Gas Reserve Data - Changes in Proved Reserves: (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInProvedReservesDetails</Role>
      <ShortName>16. Oil and Gas Reserve Data - Changes in Proved Reserves: (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>58</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R59.htm</HtmlFileName>
      <LongName>00000059 - Disclosure - 16. Oil and Gas Reserve Data - Summary of Proved Developed and Undeveloped Reserves (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasReserveData-SummaryOfProvedDevelopedAndUndevelopedReservesDetails</Role>
      <ShortName>16. Oil and Gas Reserve Data - Summary of Proved Developed and Undeveloped Reserves (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>59</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R60.htm</HtmlFileName>
      <LongName>00000060 - Disclosure - 16. Oil and Gas Reserve Data - Progress of Converting Proved Undeveloped Reserves: (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasReserveData-ProgressOfConvertingProvedUndevelopedReservesDetails</Role>
      <ShortName>16. Oil and Gas Reserve Data - Progress of Converting Proved Undeveloped Reserves: (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>60</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R61.htm</HtmlFileName>
      <LongName>00000061 - Disclosure - 16. Oil and Gas Reserve Data - Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves: (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasReserveData-StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedReservesDetails</Role>
      <ShortName>16. Oil and Gas Reserve Data - Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves: (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>61</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R62.htm</HtmlFileName>
      <LongName>00000062 - Disclosure - 16. Oil and Gas Reserve Data - Changes in Standardized Measurement (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasReserveData-ChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesDetails</Role>
      <ShortName>16. Oil and Gas Reserve Data - Changes in Standardized Measurement (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>62</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R63.htm</HtmlFileName>
      <LongName>00000063 - Disclosure - 16. Oil and Gas Reserve Data (Details Narrative)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/OilAndGasReserveDataDetailsNarrative</Role>
      <ShortName>16. Oil and Gas Reserve Data (Details Narrative)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/OilAndGasReserveDataTables</ParentRole>
      <Position>63</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R64.htm</HtmlFileName>
      <LongName>00000064 - Disclosure - 17. Selected Quarterly Financial Data (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataDetails</Role>
      <ShortName>17. Selected Quarterly Financial Data (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://mexcoenergy.com/role/SelectedQuarterlyFinancialDataTables</ParentRole>
      <Position>64</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R9999.htm</HtmlFileName>
      <LongName>Uncategorized Items - mxc-20150331.xml</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://xbrl.sec.gov/role/uncategorizedFacts</Role>
      <ShortName>Uncategorized Items - mxc-20150331.xml</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>65</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <Logs>
    <Log type="Info">In ''10. Oil and Gas Costs (Details Narrative)'', no matching durations for 3 instant facts presented with start or end preferred labels. Now inferring durations to form columns. Simplify the presentation to get a more compact layout.</Log>
    <Log type="Info">In ''CONSOLIDATED BALANCE SHEETS'', column(s) 3, 4 are contained in other reports, so were removed by flow through suppression.</Log>
    <Log type="Info">In ''CONSOLIDATED STATEMENTS OF OPERATIONS'', column(s) 1, 3, 5, 7, 9, 11, 13, 15 are contained in other reports, so were removed by flow through suppression.</Log>
    <Log type="Info">In ''CONSOLIDATED STATEMENTS OF CASH FLOWS'', column(s) 1, 2, 3, 4, 5, 6, 7, 8 are contained in other reports, so were removed by flow through suppression.</Log>
    <Log type="Warn">In ''7. Income Taxes (Details Narrative)'', fact us-gaap:LiabilityForUncertainTaxPositionsCurrent with value 0 and preferred label periodEndLabel, was not shown because there are no facts in a duration ending at 2014-03-31. Change the preferred label role or add facts.</Log>
    <Log type="Warn">In ''7. Income Taxes (Details Narrative)'', fact us-gaap:LiabilityForUncertainTaxPositionsCurrent with value 0 and preferred label periodEndLabel, was not shown because there are no facts in a duration ending at 2013-03-31. Change the preferred label role or add facts.</Log>
    <Log type="Warn">In ''10. Oil and Gas Costs (Details Narrative)'', fact us-gaap:AmortizationExpensePerPhysicalUnitOfProduction with value 2.03 and preferred label periodEndLabel, was not shown because there are no facts in a duration ending at 2013-03-31. Change the preferred label role or add facts.</Log>
    <Log type="Warn">In ''10. Oil and Gas Costs (Details Narrative)'', fact us-gaap:AmortizationExpensePerPhysicalUnitOfProduction with value 2.03 and preferred label periodEndLabel, was not shown because there are no facts in a duration ending at 2013-03-31. Change the preferred label role or add facts.</Log>
  </Logs>
  <InputFiles>
    <File>mxc-20150331.xml</File>
    <File>mxc-20150331_cal.xml</File>
    <File>mxc-20150331_def.xml</File>
    <File>mxc-20150331_lab.xml</File>
    <File>mxc-20150331_pre.xml</File>
    <File>mxc-20150331.xsd</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies/>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>true</HasCalculationLinkbase>
</FilingSummary>

</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>92
<FILENAME>R9999.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393919670112">
<tr>
<th class="tl" colspan="1">Label</th>
<th class="tl"><strong>Element</strong></th>
<th class="th" colspan="1">Value</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationExpensePerPhysicalUnitOfProduction', window );">Amortization Expense Per Physical Unit of Production</a></td>
<td class="th" style="border-bottom: 0px;">us-gaap_AmortizationExpensePerPhysicalUnitOfProduction</td>
<td class="nump">2.03<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForUncertainTaxPositionsCurrent', window );">Liability for Uncertain Tax Positions, Current</a></td>
<td class="th" style="border-bottom: 0px;">us-gaap_LiabilityForUncertainTaxPositionsCurrent</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilityForUncertainTaxPositionsCurrent', window );">Liability for Uncertain Tax Positions, Current</a></td>
<td class="th" style="border-bottom: 0px;">us-gaap_LiabilityForUncertainTaxPositionsCurrent</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationExpensePerPhysicalUnitOfProduction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortization computed on the basis of physical units, with oil and gas converted to a common unit of measure on the basis of their approximate relative energy content.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 932<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-10.(c)(7)(i))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=50486907&amp;loc=d3e511914-122862<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationExpensePerPhysicalUnitOfProduction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>us-types:perUnitItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilityForUncertainTaxPositionsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current portion of the amount recognized for uncertain tax positions as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilityForUncertainTaxPositionsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>93
<FILENAME>R38.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393911278560">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>7. Income Taxes - Components of net deferred tax assets (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComponentsOfDeferredTaxAssetsAbstract', window );"><strong>Deferred tax assets:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsCapitalLossCarryforwards', window );">Percentage depletion carryforwards</a></td>
<td class="nump">$ 1,535,126<span></span>
</td>
<td class="nump">$ 1,463,834<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost', window );">Deferred stock-based compensation</a></td>
<td class="nump">36,958<span></span>
</td>
<td class="nump">29,475<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations', window );">Asset retirement obligation</a></td>
<td class="nump">384,467<span></span>
</td>
<td class="nump">298,089<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards', window );">Net operating loss</a></td>
<td class="nump">$ 720,308<span></span>
</td>
<td class="nump">298,736<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsDerivativeInstruments', window );">Derivative instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13,944<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOther', window );">Other</a></td>
<td class="nump">$ 11,111<span></span>
</td>
<td class="nump">9,673<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNet', window );">Total deferred tax assets</a></td>
<td class="nump">2,687,970<span></span>
</td>
<td class="nump">2,113,751<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract', window );"><strong>Deferred tax liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment', window );">Excess financial accounting bases over tax bases of property and equipment</a></td>
<td class="num">(3,348,840)<span></span>
</td>
<td class="num">(2,972,200)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilities', window );">Net deferred tax liabilities</a></td>
<td class="num">$ (660,870)<span></span>
</td>
<td class="num">$ (858,449)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComponentsOfDeferredTaxAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComponentsOfDeferredTaxAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsCapitalLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible capital loss carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 25<br><br><br><br> -Paragraph 20<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51675352&amp;loc=d3e28680-109314<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsCapitalLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsDerivativeInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from derivative instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 25<br><br><br><br> -Paragraph 20<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51675352&amp;loc=d3e28680-109314<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsDerivativeInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (b),(c)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 25<br><br><br><br> -Paragraph 20<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51675352&amp;loc=d3e28680-109314<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsOperatingLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 25<br><br><br><br> -Paragraph 20<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51675352&amp;loc=d3e28680-109314<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 25<br><br><br><br> -Paragraph 20<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51675352&amp;loc=d3e28680-109314<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from asset retirement obligations. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 25<br><br><br><br> -Paragraph 20<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51675352&amp;loc=d3e28680-109314<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, before jurisdictional netting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=37586315&amp;loc=d3e31931-109318<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32632-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32621-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 25<br><br><br><br> -Paragraph 20<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=51675352&amp;loc=d3e28680-109314<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>94
<FILENAME>R20.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.2.0.727</span><table class="report" border="0" cellspacing="2" id="idm140393921931760">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14. Related Party Transactions<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Mar. 31, 2015</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsAbstract', window );"><strong>Related Party Transactions [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsDisclosureTextBlock', window );">Related Party Transactions</a></td>
<td class="text"><p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif"><b>14.
Related Party Transactions</b></font></p>

<p style="font: bold 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">Related
party transactions for the fiscal year ended March 31, 2015 relate to shared office expenditures in addition to administrative
and operating expenses paid on behalf of the majority stockholder. The total billed to and reimbursed by the stockholder for the
years ended March 31, 2015, 2014 and 2013 were $125,209, $133,861 and $144,404, respectively.</font></p>

<p style="font: 11pt/1.15 Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><font style="font: 11pt Times New Roman, Times, Serif">&#160;</font></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39603-107864<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39622-107864<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39678-107864<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 850<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39691-107864<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 235<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.4-08.(k))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Paragraph b<br><br><br><br> -Article 3A<br><br><br><br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
